When is the Best Time to Lease a Car?
So, you are considering leasing a car or van, but you want to know when is the best time to do so. Believe it or not, a few factors must be considered to lease your vehicle at the best price.
Leasing a car is an attractive option for many drivers who prefer lower monthly payments and the ability to drive a new vehicle every few years. But timing is crucial when it comes to securing the best car leases. This guide will explore the best time to lease a car, from the best months to the strategic periods during a car’s lifecycle. Whether you’re new to car leasing or a seasoned lessee, these insights will help you get the most value out of your lease.
Let’s look at these considerations and set you up on your car leasing journey.
Leasing a Car Shortly After its Release
One of the most exciting times to lease a car is shortly after a new model is released. You might find that there are promotional lease deals. These promotions can include lower monthly payments, reduced payments, or other incentives.
Top-Quality Features: New models have the latest technology, safety features, and performance enhancements.
Higher Residual Value: Newer models tend to have higher residual values, which can translate into lower monthly payments.
Variety of Options: Early in the release cycle, you’ll have a wider selection of trims, colours, and features.
However, potential downsides, such as higher initial costs due to the newness of the model and limited availability of lease deals if the car is in high demand, must be considered. To find out the best lease deals on recently released vehicles, contact the team at Car Leasing today!
Which is Best Month to Lease a Car?
Timing your lease around certain months can significantly impact the deals available. Historically, some months offer better incentives due to the business cycles. We will examine end-of-year sales, new registration plates, and model clearance lease offers.
December: End-of-Year Sales
Although December is the last month of the year, it is the first month when considering the best month to lease a car. Manufacturers are eager to hit their annual sales targets and clear out inventory to make room for next year’s models. This is typically known as their end-of-year sales, during which you tend to find the best deals for lease cars and vans.
March and September: New Registration Plates
New car registration plates are released in the UK in March and September. Manufacturers often release lease deals to maximise sales during this period. Additionally, leasing at these times means you get a car with a more recent registration.
July to October: Model Year-End Sales
Typically, the current model year winds down between July and October, and manufacturers focus on clearing out old stock to make way for the new models. This can be an excellent time to lease a car, as you can find deals on current models that manufacturers are motivated to move quickly.
Top Tips to Getting the Best Lease Deal
Securing the best car leases requires more than good timing; it also involves smart strategies and flexibility. Here, we look at the top things to consider to get the best lease deal.
Being Flexible
While having a dream car in mind is great, being open to different models can increase your chances of finding a great deal. Some manufacturers may offer better incentives on certain models due to overproduction or to boost sales for a less popular vehicle. So, browse similar models to find the cheapest one that meets your personal or business needs.
Consider Different Leasing Terms
You can often find better deals by considering different lease terms. For instance, Car Leasing offers attractive 12-month, 24-month, and 48-month leases.
Leasing a Car in the Winter
As mentioned earlier, winter also overlaps with the end-of-year sales period. Combining these end-of-year incentives with the traditionally slower winter sales period can result in some of the best lease deals available.
Winter months, particularly January and February, are typically slower manufacturing sales periods. The holiday rush is over, and many people are not considering leasing a new car during the colder months. This slowdown can work in your favour, as manufactures may offer better deals to stimulate sales.
As you now know, timing is crucial for car leasing. By understanding the best times to lease a car, whether shortly after a new model's release, during specific months, or in the winter, you can significantly enhance your chances of securing a great deal. Remember to stay flexible with the model and lease terms, shop around to get the best car leases available. If you are looking to lease a car deal or want to talk to someone about leasing a car, get in touch with our friendly, expert team today!