Lease Vehicles – Which Are Best?

good lease vehicleIf you understand how car leasing works (if you don’t, go to LeaseGuide.com), you know that vehicles with projected high resale values make the best lease vehicles.

That’s because future resale value — called residual value in leasing — is one of the primary factors in determining monthly lease payments. The higher the residual value, the lower the lease payment.

Some car brands, such as Honda and BMW, consistently have high resale values compared to original MSRP (sticker price). Any vehicle whose resale value after 3 years is 55% or more of its MSRP is a good lease choice.

Kelly Blue Book has just announced its annual Best Resale Value Awards which names the makes and models that are expected to retain the highest percentage of  original list price — which means those vehicles are good purchase choices as well as good lease vehicles.

Here are the highlights of the announcement:

  1. Toyota FJ Cruiser
  2. Toyota Tacoma
  3. Jeep Wrangler
  4. Toyota 4Runner
  5. Chevrolet Corvette
  6. Toyota Tundra
  7. Chevrolet Camaro
  8. Honda CR-V
  9. Chevrolet Silverado 1500
  10. Dodge Challenger

For more details, visit Kelly Blue Book.

To get the best lease deals on these vehicles, negotiate your lowest price first because the combination of low price and high lease-end residual value is what creates low monthly lease payments. If you use a car pricing service such as Edmunds (see below), there is no need to negotiate. You’ll already have your lowest price on which to base your lease.

You can get free price quotes on any of the above vehicles from Edmunds.com. The quotes will automatically include any cash-back rebates or discounts that are currently available.

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