Returning Lessees Should Be Prepared for a Price Shock

While U.S. new vehicle sales are expected to drop in 2019, average transaction prices and interest rates are climbing fast. That spells a potential bad day ahead for drivers reaching the end of their lease, Edmunds warns.

Those looking to get behind the wheel of a new sedan in the coming year might have to spend some quality time with a calculator.

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Ask Jack: Get The Truck Outta Here?

“You are too much the artiste, Herr Case.” Ratz grunted; the sound served him as laughter. He scratched his overhang of white-shirted belly with the pink claw. “You are the artiste of the slightly funny deal.”

— William Gibson, Neuromancer

If you hang around the Detroit auto market long enough, you will hear about the slightly funny deals out there. Some GM store is trying to clear out some inventory so they’ll stack a bunch of incentives, play a little fast n’ loose with some eligibility, and shuck out a bunch of vehicles to friends and family at… how does $129 a month strike you? $79? What about $49 a month?

The deals are out there. I used to roll with a group of Pakistanis who would stuff their driveways with oddballs like $132/month Durangos, all leased to quick-bake LLCs for one-off passports generated by friends in the government back home. When I expressed a desire to borrow a vehicle for a weekend’s worth of towing, I was sent home with a new Jeep Commander Limited and strict instructions to bring it back in six months or so.

If you’re able to move fast and you’re not too picky, you can get some amazing stuff. The question is: should you bother?

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  • Paul I don't know how GM can fail to sell sedans. Other manufacturers seem to be able to, as others have noted. The Impala (which I've had as a rental) was a very nice sedan and the Malibu (which I had as a rental more recently) was a pleasant, competent vehicle also. Maybe they are still suffering from the bad rep they got in the malaise era into the 80s.
  • Kwik_Shift_Pro4X How a Versa that's a $18000 car became a $24000 car says a lot. Or even the jacked price of the current Frontiers. Not worth it.
  • MaintenanceCosts They should focus on major non-Interstate routes in the flat West. I recently did a central Texas trip with a Model S rental. It was just fine along the interstates but there were significant gaps on the big federal highways, which caused a bit of extra driving to reach charging stations. The one public (non-"customers only") charger in the greater Fredericksburg area was very busy, even at non-peak times.
  • Tassos Real Cars are RWD.So if you want a Lexus, try either the GS, or the flagship LS460 (before they mutilated it into the current failed model)The ES used to be a rebadged Camry, then became a rebadged Avalon at $10k more. Not a wise buy, unless you are a silly snob and would not be caught dead driving an econobox.
  • Ajla Sounds like the pinstripes, nitrogen, window tint, TruCoat, and "filing fee" is about to go up. It is pretty fun to see a $18K Versa with $3k in add ons.