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-- in the market for a new car more and more drivers are asking themselves not only what kind of -- -- -- whether they should.
By -- release.
According to a recent report from Experian -- leasing is hitting a record high this year so.
What's right for you with more on this -- -- I don't editor at consumer reports Eric welcome to the show so.
The numbers are -- -- you look at the first quarter of 2013 of all the sales.
27 point 5% were bought with the least people love leases and I think the story for some time has been.
You get into the luxury car you want and went back what do you think's going on.
I think some auto makers really focus all their incentives on leasing and if you find one that's heavily incentivized to you can get a good deal.
Everybody has been -- none of their cars longer these cars are getting older and they're trying to get in.
To whatever they can get into -- -- you can absolutely right that in what is the median lengthen the time a person selling car in some ridiculous -- eleven years out of your -- on this country people don't normally do this.
How do you make that decision though now with a that new car should be at least three should buy it well.
Buying is almost always going to be a better financial.
Deal in the long run.
In some cases you can find really good deals on leases if the manufacture is having trouble moving a certain car they may focus their incentives that way.
-- so what are the questions -- ask yourself if you're so you're making that decision today.
The most important question to ask yourself is am I going to be comfortable living within the restrictions the least the length of the term and the number mileage or miles available on it.
And also do I keep my card in really good shape because if you don't you could end up with a lot of excess -- -- terror charges on how much do you drive right because that's a critical decision and you live with analyze those smiles yeah and some luxury cars the mileage limitations are closed 101000 miles a year which would be easy to head -- -- -- I I think a lot of people out there and they sit back and they think.
I really don't wanna put that cash into a car right now leasing is easier why isn't so much the better economic decision to -- -- -- them.
Because you don't have to buy another car at the end of that the least you turn in your car and leave me.
Presumably still need to get around and so you need to ask yourself how you gonna pay for that next car and I don't oil down payment.
Absolutely on the other hand you don't lose all that value when you drive it off the lot which is my big by the they have well but you're still paying for that in your lease -- solely.
So it that is coming back to.
To get a hot she's still get that -- Interestingly found that the electric car you might give us different analysis on whether the buyer -- and electric car -- right.
Mainly because it's brand new technology and it's pretty unproven and the only thing that you know is that the next electric cars coming along are going to have cheaper -- -- and likely go farther.
So it'll make this generation obsolete and we don't know what that'll do to resell value.
I also got very and we don't know we don't have any history of durability on these batteries we don't know how long they're really last.
So if you can offload all of that to the manufacture by leasing.
You'll come out ahead.
We also found and we went to sell some electric cars that we had tested.
That the federal tax and Sam actually comes back to bite you too because.
It makes the new electric cars that much cheaper and so when you're trying to unload a used one somebody can go out by a new one for just a little money.
Up up up hot unbelievable seeing it yet.
It's taken several different ways descending -- -- coming interesting step by now what's the question a lot of people ask themselves thanks for the advice thank you expand -- me now.
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