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Automotive : Car Rentals

Oct 13, 2007 - 10:14:00 PM
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Luxury Cars and Resale Values, Better to Lease?

When it comes to leasing a vehicle it is widely known that the best option is to get a vehicle that will have a very high resale value. This is because the dealership can resell the vehicle for a fair price at the end of a lease if the person decides against purchasing the vehicle.

Among the best types of vehicles for leases with a high resale value are by far the luxury vehicles. It is apparent that a high end vehicle will hold its value for a while into the future. Try to keep this in mind if you are thinking of leasing a vehicle.

It seems to be that the higher end vehicles have a better residual due to the fact of the higher ratings in safety, durability as well as the style and design that so many love to call their own.


The resale value of a vehicle depends also on the perception of the public as well, therefore if the public does not view a particular vehicle as a great buy the resale value of it will not be as high as expected at the beginning of the lease.

A great example of this is the Jaguar. It is considered to be a great and reliable vehicle according to polls and surveys, however the general public does not exactly agree. Making its residual plummet at the end of a lease term.

Many people seem to be easily fooled into thinking if a vehicle has all of the goodies and is fully loaded it will have an excellent resale value, this is not actually the case.

The options are new to the market when the lease was first put into effect, however, two or three years later that same wonderful technology has now become outdated or improved on. Which makes it not such a wonderful extra anymore. The regular extras such as cruise control, air conditioning and power extras are still going to be widely appreciated among the resale value.

With the resale value changing depending on the extras a vehicle has as well as the publics opinion of the vehicle, there are no guarantees on how well a vehicle will do at the end of the lease. However it seems to be that the higher end luxury vehicles do much better than the less extravagant vehicles do.


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