Luxury cars at bargain prices coming soon - Financial Literacy

Luxury cars at bargain prices coming soon

mercedes

Today, there is a perfect storm of demand for luxury cars:

  • Interest rates are cheap
  • Gasoline prices are low
  • Luxury car manufacturers are offering lower-priced models

According to Edmunds.com, as a result of those factors, entry level luxury cars are 60% leased, up from only 43% being leased a few years ago. The arithmetic is that you can purchase a used average-price car for the same payment as a new entry-level luxury car, so more people are opting to lease the luxury car. Brands such as BMW, Audi, Mercedes, Lincoln, Lexus, and Acura.

The financial opportunity will arrive in a year or so when all of these extra leased luxury cars begin to exit their lease. Later in 2016 through 2018, there will likely be a glut of these used luxury cars that will be less than 3 years old with low miles. People that are financially savvy, seeing this coming, may be preparing to grab a deal. When the prices on these cars fall with the increased supply of off-leased vehicles, you will likely be able to buy one that you like at a dramatic discount from the original sale price.

Comments are closed.

Menu Title