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In the past, I've
received e-mails regarding the leasing of hybrid
cars, or more precisely, the inability to lease
hybrids, at least cost-effectively. Even when a lease was offered, the terms of the
lease are simply ridiculous.
Consequently, buying was really the only cost-effective option in the past.
Since the gas spike of 2008, however, hybrid leases have emerged with more favorable options, including leases on the new 2012 Toyota Prius. In fact, sometimes the a lease is the most cost-effective option.
My how things have changed.
Unfortunately, however, there are supply issues with many of the latest hybrids, particularly the Toyota Prius, and when demand outweighs supplies, hybrid leasing deals are usually the first casualities.
Today, Prius leases are as much $100 higher than they were a few months, before the Japanese earthquake.
Fortunately, Prius and hybrid supplies are building. More important, some dealers are even starting to offer leasing incentives on the Prius again. Sadly, however, the options are nowhere near as favorable as they were just a year ago.
Don't use the
dealership for your hybrid lease?
I once looked into a lease for a Toyota
Prius and the general manager of the dealership told
me, " I can lease it to you, but you are not going to
like the payments." He went on to tell me about how
he had been yelled at, called a liar, and that he had
potential customers walk out of of his shop over Prius
leases.
Ultimately, I didn't lease that Prius. The payments made a
purchase a better decision.
According to Leasecompare.com leasing hybrid
cars has just become easier and cheaper..
“Hybrid car leasing has been limited to dealer lease
offers, where available,” notes Shebesta. “Now,
consumers can choose the vehicle and the dealer and go
online to LeaseCompare.com to select the best lease among
many offers.”
LeaseCompare.com is the best alternative to dealer
leasing and, as the name suggests, provides an interactive
tool to instantly evaluate leasing options from a number
of sources. Customers can lock in a competitive lease
quote they like and apply for credit online. ACS
facilitates the lease and pays the vehicle seller.
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