If you’re like most drivers, you’ve probably dreamed of being able to drive the car of your dreams whenever you want.
Even the most luxurious vehicles come with high initial costs and long-term expenses. Buying a car puts you at a loss right from the start.
These financial issues are what make car leasing an appealing option. The only problem is you likely need to figure out when to lease a car, and you aren’t sure what your options are.
To help you determine the best time to lease a car, we’ve compiled a list of some pros and cons. Keep on reading to learn more!
End of the Month or Quarter
Towards the end of the month or quarter, car dealerships are often working to meet their sales targets. If they’re close to reaching their goals, they may be more motivated to negotiate attractive car lease deals to close the sales. By visiting a dealership during this time, you might have better chances of getting a favorable lease offer as they strive to meet their targets.
Model Year Changeover
Car manufacturers typically release new models in the fall, meaning the previous year’s models become less desirable to dealerships. As the new models arrive, dealerships need to make space on their lots, which can increase discounts and incentives on the outgoing models. Towards the end of the calendar year, especially as the new models are about to arrive, dealerships may offer more attractive car lease terms on the remaining inventory of the previous year’s models.
Holiday Sales Events
Holidays like Memorial Day, Labor Day, Black Friday, and year-end clearance sales are popular for dealerships to run special promotions. These events often feature discounts, incentives, and attractive lease offers.
Car dealerships view these holidays as opportunities to boost sales, so they may be more inclined to negotiate better lease deals or provide additional perks to attract customers. These holiday sales events can help you secure a great lease deal.
Low-Demand Seasons
Certain seasons or months tend to have lower demand for cars. For example, in colder climates, the winter months can see a decrease in car sales due to harsh weather conditions.
Also, tax season can be a slower period for the automotive industry as people focus on filing taxes. During these low-demand periods, dealerships may have excess inventory and be more willing to negotiate lease terms to move their vehicles.
New Lease Incentives
The incentives offered by car dealerships and automakers can be incredibly competitive at certain times of the year, so researching when various leasing promotions start and end can save you a lot of money in the long run.
During the holiday season, for example, many dealerships will offer additional cash back on new leases, offering thousands of dollars in potential savings off of the total lease cost. By keeping an eye on these deals, especially on these tesla leasing options, you can figure out when the best time is to lease a car.
Seize the Best Time to Lease a Car
Leasing a car is a great option if you want a new car without a long-term commitment. Car technology is always evolving, so the best time to consider leasing is when you want a newer car model or your current lease is ending. Take the plunge and determine the best time to lease a car with this guide.
We hope you enjoyed reading this article. If you found it helpful, be sure to check out our blog for more informative resources.
