Car lease ending soon? Another one may not be your best option


Ty Wright | Bloomberg | Getty Images

If you’re nearing the end of your car lease, don’t assume another one is your best option this time around.

While many consumers go from lease to lease — which puts them in a new vehicle every few years — the pandemic has upended the auto industry. This generally means the calculus has changed for whether another lease makes sense, experts say.

For starters, “the ability to get access to the car you want quickly isn’t there,” said Pat Ryan, founder and CEO of car-shopping app CoPilot. “You might be waiting three to six months for it.”

More from Personal Finance:
Here’s how rising inflation may lead to higher tax bills
Is a 4-day workweek the answer to…


0 0 votes
Article Rating

OPEC member calls for calm after U.S. pressure to pump more oil

Previous article

Mortgage rates fell slightly, but weekly refinance demand dropped

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos