Car Leasing - The Most Popular Models
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Over thirty percent of cars on the road today are leased. The popularity of car leasing has been steadily increasing over recent years due to the reduction in many people’s disposable income. Car leasing works out to be cheaper than vehicle finance, whilst still having the option to purchase the vehicle at the end of the lease contract.
The most popular leased vehicles tend to be also the cheapest as vehicle demand has a great bearing on the depreciation rate, and lease payments are primarily based on a vehicles depreciation over the term of an agreement. The list below details five of the most popular leased cars on the market today.
Audi A4 - The Audi A4 has been a popular alternative to the successful BMW 3 Series for a long time now. The combination of Audis legendary four wheel drive system and class leading luxury, with an affordable price tag culminates in the A4, and brings with it rock-solid reliability and great handling dynamics.
BMW 5 Series - The 5 series is BMWs flagship luxury saloon and has been popular ever since it was first released in 1972. Over five million 5 series have been produced to date and it is now in its sixth generation guise. Previous generations of the 5 series have been massively popular in North America, with the last incarnation, the E60/E61 model generating a substantial twenty-five to thirty percent of BMWs total sales in the key region.
Ford Focus - The Ford Focus was initially introduced well over ten years ago and has not really changed too much over that time, with only a couple of facelifts and some different model layouts brought out. The reason behind this is that the Focus is a tried and tested formula for a successful, cash cow of a car. The Focus was the worlds best selling vehicle for five consecutive years, just one year after it was first released in 1998. The Focus offers reliability, good fuel economy and general running costs, great handling and decent performance figures all resulting in high consumer demand.
Range Rover Sport - An unlikely hero, the Range Rover Sport may epitomize exactly what Greenpeace protest against in terms of vehicles that are inefficient in their fuel consumption and manufacturing, but this has not had much of an effect on its sales figures since its release in 2005. The Range Rover Sport is a cool car, a cool SUV. It holds its value well and because of this, can demand a relatively low lease cost compared to similar models.
Honda Civic - The Civic has been a model with which Honda can be proud of for the last 30 years. Initially produced in the guise of a two-door coupe, and now sold in many variations, the Civic offers an unparalleled combination of advanced, class-leading safety systems, supreme reliability, great performance, and fantastic value for money. The Civic is like a jack-of-all trades; being able to transport families on long journeys or even take a lone driver on a trip to remember. For those reasons, it is not surprising that the Civic is so popular with lessees and lessor alike.
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