Phone: 630-495-2282 Fax: 630-495-2260 Map/Directions

NADA has new Driven guide on leasing

October 6, 2017
The vehicle leasing business reached an all-time high in 2016, with 4.3 million vehicles leased, and consumers are still leasing new cars at near-record levels. 
Leasing appeals to many consumers who are able to acquire a more expensive vehicle, often with lower monthly payments, than they could have afforded as a purchase — and they can get into a new car every few years, with no depreciation risk. 
Still, many consumers don’t understand the leasing concept or vocabulary. A new National Automobile Dealers Association publication, "A Dealer Guide to Leasing Fundamentals," aims to help dealers and their sales staffs explain leasing, including how it compares to purchasing, so that customers can make the right decision for their individual needs. 
Also discussed: closed-end consumer leases, how leasing benefits both customers and the dealership, and who are the best and worst candidates for leasing. NADA members can access the publication online.