Thankfully for many, 2021 is behind us. However, as we enter 2022 some of the negative aspects of the year that must not be spoken will continue to rear their ugly heads. Among them: vehicle inventory and pricing.
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In a previous blog article, I detailed the impact of the global semiconductor shortage on the Automotive Industry, calling out the reduced vehicle inventory and sky-high new and used car prices it created.
Well, here we are several months later and the semiconductor shortage has combined with other supply chain disruption to create a sustained downstream effect on commodities, cars prominent among them. While some brands anticipate returning close to normal production levels for the 2022 model year, others continue to downsize their production volumes. Brass tacks, what does this mean for a car consumer heading into the end of 2021 and beyond? So, you have made the big decision to acquire a new vehicle. All the hard work and research is complete (hopefully you have hired me), you know which car you want and you cannot wait until it’s pulling into your driveway. Congratulations, but the work is not done. Perhaps the most important consideration buyers have at this point is whether to buy/finance or lease the car. In this blog, I will compare the pros and cons of each, and help you assess which option best fits your needs. One of the most common questions I receive; how do I manage getting in and out of leases so often? Many vehicle consumers are not aware that there are several effective options to exit a lease early, and understanding them and the brands they apply to is an important factor in the cars I pursue. There are three common ways of getting out of a lease without incurring the massive termination fees of simply turning it in: If you follow the vehicle or commodities markets, you have probably seen reference to production and supply chain challenges related to a global Semiconductor shortage. In this blog post, I will outline what this means specifically in the Automotive industry, and specifically four impacts it will have on consumers looking for a new car. The most common question I get from friends, prospects and even clients is what exactly is a Lease Broker? Anecdotally, the comment comes something like “I have worked with Jane Doe at Anonymous Dealer for years, and gotten good deals on three cars from them. How are you any different?” In this blog post, I will compare and contrast a Broker and Dealer, and address some of the key differentiators. In our previous blog post, we discussed the basics of leasing, including the two most important elements of negotiation; selling price and money factor (finance rate). In this post, we delve into a fee standard in any vehicle lease or purchase that customers rarely acknowledge: the documentation (doc) fee. With increasing variety in the automotive market and more pronounced vehicle depreciation, leasing is become a more popular choice for car buyers. According to Statista, 30.04% of new vehicle transactions were leases in Q2, 2019. With leasing becoming more and more common, the question becomes; is leasing a good idea for me? |
Luxury Lease Guy™ BlogInformation and education regarding car leasing and the auto market Archives
January 2022
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