Archive for category Featured Car Lease

SUV Gas Mileage

Which SUV Leases Give you the Best Gas Mileage?

suv-gas-mileage

Nissan Rogue Gas Mileage

Back in January of this year, I posted one article on the Best Gas Mileage Cars to lease, then another one titled, SUV Car Lease Specials. An unfair stereotype of SUV drivers exists in America that they don't care about fuel economy. This is simply not true. Driving anything other than an SUV is simply not a viable option for many of us. SUV's are the only vehicles that take care of three, simultaneous needs:

  1. Hauling Passengers
  2. Hauling Cargo
  3. Driving up icy and snowy roads in the winter

Obviously, because SUVs are bigger, heavier and many are equipped with All Wheel Drive (AWD), they tend to consume more gas. That doesn't mean SUV drivers don't value fuel thrifty automobiles. Though Fuel Economy is a luxury we'd all like to have, some of us are not willing to give up our SUVs, even if we do pay more at the pump...and even if we get frowned at by the that twirpy little Prius driver at the Car Wash. It would seem Un-American to sacrifice the activities and life style made possible by vehicles that suit our active lifestyles. Why can't we have SUVs that haul people, cargo, go up steep icy roads AND get reasonable MPG? There is always a compromise, isn't there. There is one thing that High Gas Mileage Cars and SUVs have in common: They don't always offer the best lease payment. Grant it, there are some fine, fuel efficient, 4-Cylinder cars with excellent lease values such as the Toyota Corolla. But, if you want the very latest technology in fuel efficiency, Hybrid Cars generally don't have the best lease payments. This is mainly due to the fact that the resale value of Hybrids is greatly diminished by the extra cost and unknown life of the battery. Those wishing to lease SUVs face the same double edged sword, but for different reasons. The resale value of SUVs took a big hit with the increase in gas prices and economic slump over the last three years. The poor fuel economy and gas mileage isn't all bad news for SUV owners. SUV Gas Mileage is as critical as the payment. Of the 10 automobiles listed in my Top-10 SUVs listed below, many of them get very similar gas mileage. Most of the 4-Cyl SUVs, like the Toyota RAV-4 and Honda CR-V are rated at 21 MPG City and 27 MPG Highway. One surprising fact is that moving up to a bigger, more powerful V6 engine doesn't drastically hurt the MPG of the SUV. For instance, the very powerful, BMW X5 xDrive 35D is rated a very respectable 19 and 26 MPG City/Highway. SUVs with FWD instead of AWD do get slightly better gas mileage. For this review,  I've decided to include AWD SUV Leasing only. SUV Gas Mileage is ranked from 1 to 10 based on Gas Mileage and LVR (lease value ratio)
Read the rest of this entry »

Tags: , ,

American Car Leasing

Car-Lease-Malibu

Malibu Car Lease

Are American Cars Worth Leasing?

This is an interesting question. Leasing Cars is heavily based on the resale value of the car you are considering. American cars have lagged well behind much of the foreign competition in resale value the last 30 years or so. For that reason, there are plenty of people who refuse to purchase or lease American cars. On the other hand, there are plenty of people who refuse to buy or lease Japanese, German or Sweden cars, so who is right? The answer might surprise you. A monthly payment is a monthly payment, regardless of how much the car is worth after 5, 7 or 10 years. Read the rest of this entry »

Tags: ,

Hyundai Car Lease Specials

Hyundai Elantra Lease

Hyundai Elantra Lease Offer

Spring is car buying season and Hyundai is back in the game with some pretty, darn sweet lease deals. Not too long ago, I leased a 2008 Hyundai Veracruz SE for just $399.00 a month for 24 months.  I am proud to say that this is one of the most enjoyable, best darn cars I've ever driven. I'm sorry that the lease only lasted two years. In fact, because of the remorse I had turning my Hyundai Veracruz in so early, I don't recommend an auto lease term less than 36 months. If the goal is to finance a car you're really excited about, do you really expect that excitement to go away after just two years? Maybe 24-month car lease terms are good for those situations when you lease something that is just a little bit risky, or the monthly payment is just so darn low that you can't resist taking the offer. But, in most cases, two years is not even long enough for that new-car-smell to disappear.  Isn't it that new car smell that attracts you to a new car in the first place?

The good news is this: Hyundai is offering 36 month (3-Year) car lease terms on six of its most popular selling models: The Sonata, Elantra, Veracruz, Tucson, Genisys Coupes and Sedans. These are beautiful and practical cars with 60-month warranties. Now, is the time to get in on the action of a car that is not only practical but fun. Shortly after I leased my Veracruz, I went back to my local Hyundai dealer to find a practical, gas saving sedan to replace my $190 a month Pontiac G6 payment. Unfortunately, Hyundai was not offering a lease at the time on it's Elantras. I test-drove one of these great cars and was really impressed with the ride, features and overall comfort. Now, you can lease a brand-new, 2010 Hyundai Elantra Automatic for just $159.00 a month and $1,999 down, including first month's payment. As the low LVR of just 1.19% shows, this is a great car lease deal and wins top honors among these six Hyundai Car Lease offers. Both Honda and Toyota have introduced even lower average monthly lease payments, but do they come with a 60-month warranty and do they provide 26/34MPG Fuel Economy? If you spend your time 50/50 between city and highway driving, you can expect to average 30MPG in a Hyundai Elantra and you will never feel as though you are making a sacrifice to do it. The Elantra is a very comfortable, substantial feeling car, both on and off the highway. Read the rest of this entry »

Tags: ,

Truck Lease Comparison

Toyota Tundrea Lease Special

Toyota-Tundra-Lease-Special

With gas prices remaining fairly high in this eco-minded economy, there is just not too much in the way of Truck Lease offers. The essential ingredient that goes into the financial success of a lease is residual value.  Due to the fact that trucks (particularly 4x4s), get poorer fuel economy than cars, the demand has declined slightly vs. more fuel efficient cars. Lower demand means lower resale values, particularly with American cars and trucks. I was unable to find any Truck Leasing offers from GM, Ford or Dodge. How frustrating that you can't lease a popular Ford, Chevy or Dodge truck. Dodge has over a dozen incentives on their Dakota and Ram trucks but every single one of them are for cash allowances on purchases rather than a low monthly lease payment. Why can't they turn that cash rebate money into a lease? Fortunately, I was able to find a handful of reasonable Truck Leasing Offers for this spring: The Toyota Tundra 2x2 and 4x4; the Nissan Frontier and the Honda Ridgeline. Okay, maybe the Honday Ridgeline is not necessarily a truck, but when you have so few choices, you have to make do! Surprisingly, both the Toyota Tundra 2x2 and 4x4 make pretty good lease deals. Pay $2299 or $2699 down and lease them for just $329 or $359 a month. The lease value ratio is 1.24 and 1.26, respectively.  The Nissan Frontier gives you a little bit less truck for your monthly payment than the Toyotas, but it's still not a bad deal. The Honda Ridgeline doesn't look nearly so good value-wise, but when you consider there is nothing to put down; $460 a month for a 3-year lease seems reasonable. Read the rest of this entry »

Tags: , ,

Featured Lease: 2010 Volkswagen CC Sport

Volkswagen Lease Special

Volkswagen 2010 CC Lease Special

You've probably seen the commercials on the new 2010 Volkswagen CC Sport. You can lease one for $279.00 a month. As it's name suggests, the 2010 Volkswagen CC Sport is an attractive car which would appeal to anyone who appreciates the safety, fuel efficiency, fit, finish and German engineering of a Volkswagen. If you're tired of the reliable, but predictably boring appeal of the popular Honda Accord or Toyota Camry, you might take a serious look at this sporty new offering from Volkswagen. Japanese cars lease so well because of their reliable, proven track record. On the other hand, there is really something different about the solid fit and finish of German cars and the way they drive. They just feel more substantial. The doors clunk when you shut them and the steering wheels, knobs, dials, pieces and parts of the interior just feel so good in your hands. So, when I saw the TV advertisements for a lease on the new, 2010 Volkswagen CC, I decided to see how their offer compares to the latest October Lease Specials.

If you got excited when you saw the low, $279.00 payment, your jaw probably dropped in dismay when you saw the $3,299-down payment requirement. This is why I always go back to the Average Monthly cost part of the formula. What does it really cost you to lease the car after you figure in that hefty $3,299 down-payment? The total cost of your lease payments over 36 months plus the down-payment (including 1st month payment) equals $13,064.00. That averages out to around $363.00 a month. That doesn't sound quite as good as what we thought. The Lease Value Ratio is 1.31%. (Average Monthly Payment / MSRP) Not horrible, but no where close to to this month's winner, the Toyota Camry, at 1.03%. Read the rest of this entry »

Tags: , , , ,