Luxury car leasing has become one of most popular ways to drive more expensive luxury brand vehicles such as BMW, Mercedes, Audi, or Lexus. People who lease luxury cars are generally wealthier and part of higher income brackets. Many of these people could easily afford to drive these cars without leasing or financing, but most understand the value of money and therefore choose not to squander it on something that depreciates in value.
Car leasing has actually become more popular for luxury brand cars as opposed to the more average, less expensive car. The reason for this is quite simple. Most people who lease luxury cars are interested in paying as little as possible for a depreciating asset while driving a nice car for several years without much concern for maintenance issues. Although most luxury brand cars have very little or no car problems for at least the first few years, most car manufacturers offer generous warranty packages for the first several years of driving, which again makes leasing luxury cars a great option.
Leasing luxury cars is also a great choice for those individuals who have relatively high incomes to cover the monthly lease payments, but have little to no cash savings. Luxury car leases are available to anyone who has a decent credit rating and enough income to cover the monthly lease payments.
Luxury car leasing really isn’t much different than leasing inexpensive, everyday cars. The only difference is the potential customer and his needs and expectations. Most individuals who lease luxury cars are professionals with high incomes. This means that they typically do not go to dealerships to look for the best deals possible. They are more interested in doing business with a dealership that is ready to provide top-quality service so they can return to the same dealership in the future.