These are the best new cars, trucks and SUVs to rent

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The average new vehicle sells for $ 46,036 today, according to Kelley Blue Book, which is almost 13% higher than a year ago and around 2% above sticker prices. The jump can be attributed in part to buyers choosing more expensive luxury SUVs and pickups, as well as pandemic-fueled supply chain issues that confuse buyers and dealers. The prices of used vehicles are also very high due to the increased demand for vehicles of all kinds.

The downside of this, of course, is the price increase, even for new and used models that are less in demand. The upside here is that higher used vehicle values ​​can help keep the monthly cost of leasing a car relatively low, compared to financing and outright owning. This is because lease payments are largely based on the difference between a vehicle’s original transaction price and what it should be worth at the end of the contract term, which is called its residual value. .

While automakers’ sales incentives, including cash backs and zero percent finance programs, have declined significantly in recent times, discount leasing programs remain relatively prevalent. We’ve seen several models, both popular models and slower-selling models, offered for around $ 300 a month in November, some for $ 200 or less, with nominal down payments. Car manufacturers and dealers love leasing because it ensures that a low-mileage, well-maintained car will be back for resale after just two or three years on the road.

The analytical experts at ALG (a division of JD Power) recently released its annual residual value awards, identifying model year 2022 cars, trucks and SUVs in 16 makes and 29 segments that are expected to retain the greatest percentage of their original value over time. Honda and Hyundai models top the ALG list with three top pavers each. Reflecting current consumer interest, sports cars, SUVs and pickup trucks dominate the list of individual models cited this year.

Predicting the future value of a given vehicle is no easy task and depends on a myriad of variables which include mileage, quality / reliability, options and feature sets, weather and macroeconomic environment. .

“Accurate forecasting of residual values ​​in the automotive industry is a key factor in valuing an estimated $ 225 billion rental vehicle portfolio in the United States,” said Eric Lyman, vice president of ALG. “The makes and models of vehicles that rise to the top demonstrate that they perform well in all criteria of the rewards program, including superior design and manufacturer quality. “

Whether you’re looking for lower lease payments or a model that will make the most money at the time of trade-in, you’ll want to pick one for which an above-average residual value is expected. Here is the full list of models that ALG says will hold their residuals in the most stubborn way over the next 36 months:

Cars:

  • Audi A6 Allroad
  • Honda Civic
  • Hyundai Accent
  • Kia K5
  • Mercedes-Benz AMG GT
  • Subaru WRX

SUV:

  • Audi Q3
  • Honda passport
  • Hyundai Kona
  • Hyundai Kona EV
  • Kia Telluride
  • Land Rover Discovery
  • Land Rover Range Rover Velar
  • Subaru Forestier

Vans:

Vans:

  • Toyota tacoma
  • Toyota Tundra

Source: ALG


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