Over the weekend I read an article in one of the Sunday newspapers, which quite surprised me. He suggested that the recession has a positive effect on the auto leasing industry, or at least the high end. So why should this be so? So this is what I will try to respond within the following paragraphs - I hope you enjoy the read
.It was suggested in a newspaper article that people, or at least some of them are holding off from buying more luxury cars. It is down in no small part, it's hard Financial Times that we are currently facing. That recession affects rich and poor.
Government schemes scrapage May well have helped sales of cheaper brand new cars, as is well documented in the media over recent weeks, however it's done very little to improve sales at top end of the market.
Auto leasing luxury cars, and even of their cheaper counterparts is a seen as an alternative. Why would such a large purchase in these turbulent times when you can just rent a car for a couple of years? After the lease period is over then maybe the people May well have come from recession and May even go back in boom times (some how I doubt whether we'll see any kind of boom time for many many years, sorry for being so negative).
Some experts, those who feel that they know, the belief that we are through the worst recession and the signs certainly look good, the stock market flying away, house prices are way up, while business confidence is also starting to return. Does this mean that our love affair with the car leasing will be more? I doubt it, people have tasted an alternative to buying brand new cars and most of them have enjoyed the taste - good times may be here for a long time for those involved in this industry
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