Car Lease Blog - Archive for August, 2010

According to The Associated Press, car incentives are becoming fewer for the following months.

End of summer was one of the best times to acquire a car especially because of all the nice deals offered by manufacturers. However this year’s end of summer is not announcing a new Clash for Clunkers or any other governmental aid, neither good cash rebates/incentives or even employee discounts. As a matter of fact, based on statistics, July 2009 already came with $1.000 less average in incentives than July 2008. This year it could be even less.

Car enthusiasts and professionals claim the solution for boosting car sales nowadays do not come from better deals from manufacturers or dealers but a new and fresh-most reliable economy. Automakers should offer some type of guarantee that the cars will be bought back in case a customer gets laid off work. Another suggestion is for the government to offer guaranteed loans.

New customers need to feel safe when buying a car. A lot of people choose leasing deals over buying ones, as leasing options do feel safer on one side. Would you prefer to lease or buy?

The 2010 Ford Taurus was recently named “Car of the Year” by the magazine Saudi. Same as in the US, Taurus is currently one of the most sold vehicles in Saudi Arabia.

The decision of giving the award to this vehicle was made by a wide variety of professional automotive journalists.

So far this year, Taurus has also received:

In order to recover for previous months recalls and avoid losing more customers, Toyota is offering an amazing low $189 monthly lease for a Toyota Corolla. This offers is open for the first three years of the lease.

While for customers this is great news, experts consider this could lead to more financial trouble for the company.

According to Craig Hutson, an expert analyst working with Gimme Credit, “Toyota is essentially betting that the vehicles will have superior resale value when they are returned after their leases end. If their value is less than expected, it could cost the finance arm of the Japanese automaker hundreds of millions of dollars”

Another important point to mention is that Toyota is now giving credit to customer representing credit risks. It is understood that the Toyota Lease Program is only requering a credit score of 660 to qualify.

While this numbers might not be looking that great for Toyota, it sure is a great incentive for customers. Come check great top car lease deals today!