Resale Values May Increase Lease Rates
Monday, 21. June 2010
If you see a car you like, now is not a good time to wait to see if the rate improves. With some Audi’s now having a delivery lead time quoted at 26 weeks there is far from an over supply out there. It now seems that the ‘bible’ used by leasing companies to predict future car values, CAP, may be as much as 10% adrift in its valuations which is likely to lead to some re-alignment of rates quoted by the leasing companies. Great deals an offers were falling out of the trees in 2008 but we are lucky to see a great deal 2 or 3 times in the course of a month so when you see a great deal and you like the car then snap it up before the cars go or the deal is wound up by the lender. Unfortunately I believe the manufacturers could do a lot to help but they are unwilling to help leaving UK car buyers often paying 30 – 40% more for the same cars being sold in the US. By Graham Hill
