Happy New Year
Best Car Lease
What is the Best Car Lease for the New Year? The best one I found is the 2010 Toyota Camry which Leases for $199.00 a month for 36-months and $1,699.00 down, including first-month payment. The Toyota Camry LE Sedan has a very good LVR of just 1.08%. This actually tops the Toyota RAV4 SUV which I raved about last month in our SUV Lease Specials for December. This month the Toyota RAV4 lease offer is not quite as attractive. The low payment of $199.00 is the same, but an extra $500 down payment is required. For January 2010, I've rated seven cars as having excellent lease values based on the fact their Lease Value Ratio (LVR) is 1.16 or less. Notice the trend here?
- The Toyota Camry is on top once again.
- Low to medium-priced Japanese sedans are near the top.
- SUV's and more expensive luxury cars like BMW and Audi are closer to the bottom.
Speaking of luxury cars, have you ever seen a worse leasing deal than the BMW 550i? $809 a month plus $6,184 down payment? This is the kind of car lease that gives car leasing a bad name. The expensive-to-lease BMW 550i is another example of how a sagging economy has hurt. The resale values of expensive cars are not what they used to be. When they are 2-3 years old, it becomes hard to sell such an expensive car. Obviously, $61,000 cars are taking a bigger depreciation hit these days. You are probably wondering why Cadillac (last month's winner) is not on the list. Check back soon. Cadillac could end up this month's winner again. Read the rest of this entry »
