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These Are The Best 2021 Cars, Trucks, And SUVs To Lease – Forbes


The average new vehicle is selling for a stultifying $46,036 these days, according to Kelley Blue Book, which is nearly 13 percent higher than it was a year ago and is around two percent over sticker prices. The jump can be attributed in some part by shoppers choosing higher priced luxury SUVs and pickup trucks, as well as the pandemic-fueled supply chain issues that are confounding shoppers and dealers alike. Used vehicle prices are likewise in a tizzy due to the increased demand for vehicles of any sort.

The downside to this situation, of course, is higher prices for even the least in-demand new and used models. The benefit here is that higher used-vehicle values can help keep the monthly cost of leasing a car relatively low, compared to financing and owning it outright. That’s because lease payments are largely based on the difference between a vehicle’s original transaction price and what it’s expected to be worth at the end of the contract’s term, which is called its residual value.

While automakers’ sales incentives—including cash rebates and zero-percent financing programs—have been shrinking drastically of late, discounted lease programs remain relatively prevalent. We’ve seen several models, both popular and slower-selling models alike being offered for around $300 per month in November, with some going for $200 or less, with nominal down payments. Automakers and dealers love leasing as it guarantees a low-mileage well cared-for car will be returning for resale after just two or three years on the road.

The analytics experts at ALG (a division of J.D. Power) recently issued their annual Residual Value Awards, identifying the 2022 model-year cars, trucks and SUVs across 16 brands and 29 segments that are predicted to hold onto the largest percent of their original worth over time. Honda and Hyundai models top the ALG’s list with three top finishers each. Reflecting current consumer interest, sporty cars, SUVs, and pickup trucks dominate the list of individual models cited this year. 

Accurately predicting a given vehicle’s future worth is no small feat, and depends on myriad variables that include mileage, quality/reliability, options and feature sets, weather and macroeconomic environment. 

“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” says Eric Lyman, vice president of ALG. “The brands and vehicle models that rise to the top demonstrate that they score well across the award program’s criteria, including manufacturers’ superior design and quality.”

Whether you’re looking for lower lease payments or a model that will bring back the most cash at trade-in time, you’ll want to choose one for which a higher-than-average residual value is expected. Here’s the full list of models ALG predicts will hold onto their residuals the most tenaciously over the next 36 months:

Cars:

  • Audi A6 Allroad
  • Honda Civic
  • Hyundai Accent
  • Kia K5
  • Mercedes-Benz AMG GT
  • Subaru WRX

SUVs:

  • Audi Q3
  • Honda Passport
  • Hyundai Kona
  • Hyundai Kona EV
  • Kia Telluride
  • Land Rover Discovery
  • Land Rover Range Rover Velar
  • Subaru Forester

Vans:

  • Honda Odyssey
  • Mercedes-Benz Metris

Pickup Trucks:

  • Toyota Tacoma
  • Toyota Tundra

Source: ALG



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