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, you borrow an amount for the cost of a car brand new minus what it will be worth (estimated value) at the end of the leasing period. This results to lower monthly payments even though you’ll have to pay an extra amount if you want to keep the car.Even though most automaker’s in the U.S. are beginning to either cut back on leasing like BMW and General Motors or quit it altogether like Chrysler, this form of ownership remains quite popular in the luxury car segment. According to a study from .D. Power & Associates' Power Information Network (PIN) that was published on 'BusinessWeek', the 10 most commonly leased vehicles in the U.S. belong to the luxury segment. -Continued
From the 10 vehicles with the highest lease share, seven belong to German automakers with four of those being BMWs. The 7-Series tops the list with a lease share in 2008 of 85.3% (!) followed by Saab’s 9-7x with an equally mind-blowing, 82.2%.
BMW 7 Series
2008 lease share through Aug. 10: 85.3%
Starting price: $77,625
Sales through July 2008: 8,190
Sales through July 2007: 8,634
Percent change: -5.1%
Saab 9-7X
2008 lease share through Aug. 10: 82.2%
Starting price: $41,145
Sales through July 2008: 2,321
Sales through July 2007: 3,259
Percent change: -28.8%
Audi A6
2008 lease share through Aug. 10: 74.1%
Starting price: $42,950
Sales through July 2008: 6,321
Sales through July 2007: 6,410
Percent change: -1.4%
BMW Z4
2008 lease share through Aug. 10: 70.7%
Starting price: $37,525
Sales through July 2008: 4,116
Sales through July 2007: 5,420
Percent change: -24.1%
Mercedes-Benz E-Class
2008 lease share through Aug. 10: 70%
Starting price: $52,775
Sales through July 2008: 25,101
Sales through July 2007: 25,473
Percent change: -1.5%
2008 lease share through Aug. 10: 69.6%
Starting price: $78,450
Sales through July 2008: 4,775
Sales through July 2007: 6,610
Percent change: -27.8%
BMW 6 Series
2008 lease share through Aug. 10: 68.6%
Starting price: $77,425
Sales through July 2008: 4,218
Sales through July 2007: 5,190
Percent change: -18.7%
Audi A4/S4
2008 lease share through Aug. 10: 68%
Starting price: $32,700
Sales through July 2008: 26,770
Sales through July 2007: 25,205
Percent change: +6.2%
BMW X3
2008 lease share through Aug. 10: 67.3%
Starting price: $39,425
Sales through July 2008: 11,257
Sales through July 2007: 16,926
Percent change: -33.5%
Jaguar XJ Sedan
2008 lease share through Aug. 10: 65.8%
Starting price: $64,500
Sales through July 2008: 1,514
Sales through July 2007: 2,500
Percent change: -39.4%
Via: BusinessWeek , Data: J.D. Power & Associates' Power Information Network
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