Luxury models still in the leasing game
Of course, if you want to buy a luxury family vehicle, leasing may offer the opportunity to get a lot more vehicle for your money.
2011 BMW 7-SeriesEnlarge Photo
Prices are coming down for several luxury models, particularly those on the higher end. These include the BMW 7-Series and Mercedes-Benz SL, among others. Okay, so the ‘Benz SL isn’t really a family car. Being a two-seat roadster, it may be a second or third car in the family. The point is that prices on some luxury family cars are coming down.
Is leasing right for you--that is the question
Bottom line, it doesn’t matter how good a lease deal looks if it isn’t right for you and your family. Leasing isn’t for everyone. It may be an attractive option for those who drive less than 15,000 miles per year and want a new vehicle in their driveway every two years. Most others may be better off buying.
There are also risks with leasing. Typically these include additional charges for excess wear and tear and a per-mile charge for miles over the allocation specified in the lease. Always consider your family’s financial and personal situation before making the decision to lease. And be sure to read over and completely understand all the terms of the lease versus buy contract. Only then can you make a well-informed decision to lease--or not.
If, in the end, all things point to leasing as the way to go, there are a number of lease deals out there to entice you. Be sure to weigh and balance one versus the other to ensure that you get absolutely the best lease deal that may be right for you and your family.
For more information on the 2011 Kia Optima, read this review in The Car Connection. Marty Padgett reviews the 2011 Kia Sorento here. And be sure to see why the 2011 Hyundai Sonata receives editors’ overall rating of 8.7 (out of 10) in this review.