After several years of being considered a dirty word in car dealerships, leasing is back in style.
And unlike a few years back when the lease deals (and ridiculously easy credit terms) got out of whack, the idea of leasing, not buying could make more sense for those in the market for a new car.
So what's changed? A lot.
Two years ago, when auto sales plunged and the credit markets seized up, few people were able to lease. Heck, few people had any interest because the leasing terms were not terribly favorable. So the percentage of new car sales that were done as leading deals dropped down to 12-13%. But as the economy and credit market improved, and residual value forecasts firmed up due to a tight market, the automakers fired up the leasing business.