When is the best time of the year to lease a new car?

Answer 1

Never, because it is a waste of money! Put your money into something you are building equity on. When you finish your lease you have nothing, and while you have it you have to watch your mileage. Get a loan for a newer (2003+) used car that has already depreciated somewhat and will still be reliable for many years.

Answer 2

Being in the car business for over ten years, there is no such thing as the best time of the year to buy or lease a car. There are to many factors that will come into play. Things like make and model, winter or summer time, end of model year or beginning of model year, special deals, overstock cars, factory incentives, etc etc all come into play. Do not buy or lease a car based on when someone else says the best time is, base it on your situation. You only know your financial and personal situation. If you need a car now beacuse your current car is dead or the lease is up then now is the best time to buy but if you have a second car or can afford to wait for the deal that feels right to you then that is the best time to buy or lease a car.

Do not lease or buy a car based on the deal but rather look at the whole purchase, is it the car you are willing to pay for instead of the deal on the lot car that does not have the features you want and is in the worst color. is the dealer reputable or a volume dealer that does not care etc etc... If you have to pay month after month for a car it might as well be a car you like not one you just got a deal on.

Answer 3

Actually there is a good time to lease a car contrary to what everyone else has said. If you lease in the begining of the model year, the residual values tend to be higher than at the end of the model year. Without going into great detail, the residual is a percentage of MSRP that the lender guestimates the vehicle will be worth at the end of the lease. And to let you know, if you are confident on the amount of mileage you drive in a year, leasing is a smart choice. I get frustrated by ignorant posts slamming leasing. It is common economic fact that you Buy things that appreciate(real estate) and you LEASE things that depreciate. Why people insist on purchasing a $30000 car, finance it for 5 years, and when it is paid off, it is worth 5 maybe 6000 dollars? Leasing allows you to always drive new vehicles with a lower payment than a conventional purchase and virtually no repair costs. My only word of caution is know how many miles you drive. If you go over, you will get burned.

Answer 4

The best time of the year to lease a new car is no specific time. You can lease (rent) the car any time. At the end of the lease (rent), you are going to return it anyway.

Answer 5

Based on the answers you've received so far, I see that you've got the " when" part of your question cornered. What I would like to suggest is a "how" to lease in order to get the best deal possible. I use a list of questions whenever I step into a dealership. I think they might be useful to you :

http://financialbasics.blogspot.com/2006/12/new-car-leasing-what-to-ask.html

Good luck

Answer 6

At the end or beginning of the year. At the end, they're usually trying to get rid of cars to make room for newer models. But for President's Day (February) they usually have a huge sale also. There's tons of car commercials on tv, so pay attention and check out who's having the best deals. Also check Consumer Reports for car reviews. You get what you pay for, so if it's REALLY cheap, it's probably a crappy car.

Answer 7

There is no certain time of the year that is better than others. That's all a crock. Just keep your eye on the newspaper, or just shop every month.