Many luxury car shoppers are not that concerned with reliability since they plan on only owning the car for a few years. 3 year leases are common and even those who buy a vehicle outright may trade in long before reliability becomes a real concern.
Didn't know leasing was popular outside the US. That's how a great majority of luxury cars are acquired here. To be fair, given how their asset price depreciates and repair demands increase over time, leasing makes a lot of sense.
This is pretty normal for Luxury cars - I recall my wife getting pitched on a Range Rover and when she asked about gas mileage the salesman response was if you are worried about the gas cost this is not the car for you. But also the idea that you would keep a luxury car for more the length of the lease is generally understood(I thought) to be crazy you always trade in for the new and shiny...
What I wonder is why people are turning in their leases/selling their cars so soon?
What are the ratios of, gets a new car every couple years, more car than they could realistically afford, wasn't meeting their needs (range, passenger, luggage, person capacity), etc. etc.
To me this seems to reflect a lifestyle where certain people always want a shiny BMW or Mercedes and have to trade up every 2-3 years to maintain it. Seems like leasing would be a better approach though.
Can you post a reference to that $500 number? I find that hard to believe. I was leasing a luxury car for around $400/mo a few years ago. What kinds of cars are average Americans leasing? Rolls Royces?
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