Cars
With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.
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- Bmw Accessories Quiz: How Can A Duffel Bag That's Priced $68 Online End Up Costing $112 At The Counter?
Yes, you read correctly: if you buy a small duffel bag from BMW's online shop, which by the way, points to your nearest dealer, and have it delivered to your home, it will cost you $68 (plus taxes and delivery fee), but if you decide to pay (...)...
- America’s 10 Most Leased Vehicles: It’s All About German Luxury Cars
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Cars
Report: Owners Leasing Cars May Be Able to Make a Profit
With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.
All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.
Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!
Read more »- Report: New Car Leasing In The States Increases To 20 Percent Of All 2011 Sales
According to the Manheim 2012 Used Car Market Report, new light-vehicle leasing in the U.S. increased to 20 percent of retails sales (excluding fleets) in 2011, one percent higher than 2010. The report notes that “for the most partâ€, the...
- Chevy Dealer Says 2012 Camaro Z28 With Supercharged V8 Production Begins In January 2012
The much anticipated Camaro Z28 will begin rolling off the production line in January 2012, according to a dealer that spilled the beans over at the Camaro5 forums after attending a National Chevrolet Dealer’s meeting. Read more »...
- Bmw Accessories Quiz: How Can A Duffel Bag That's Priced $68 Online End Up Costing $112 At The Counter?
Yes, you read correctly: if you buy a small duffel bag from BMW's online shop, which by the way, points to your nearest dealer, and have it delivered to your home, it will cost you $68 (plus taxes and delivery fee), but if you decide to pay (...)...
- America’s 10 Most Leased Vehicles: It’s All About German Luxury Cars
The easiest way to get behind the wheel of an expensive luxury / sports car if you can’t afford to buy it cash or through a loan is to lease it. Basically, what you do in leasing is that instead of putting a loan for the entire cost of a vehicle,...
- Volvo's Big Incentives
Leasing, financing, and paying cash? Volvo Canada wants to give you a deal. Today's Canadian dollar is worth about $1.07 USD, and says Volvo Cars of Canada CEO Steve Blyth, "We realize Canadians are looking to the US market and comparing prices of...