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CULA Grows by Double Digits in 2024, Saves Credit Union Members ~$63M Annually with Vehicle Leases

Dealer World

CULA partner credit union members saved a total of more than $63 million on lease payments in 2024, and an average of $159[1] per month versus traditional auto loan payments. In 2024, vehicle leasing rose to 24.5% in 2022, according to Experians State of the Automotive Market Q4 2024 Report. in 2023 and 17.2%

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New vehicle cash, lease payments an even split in September

Canadian Auto Dealer

Power’s Automotive Market Metrics for Canada reveals a perfect split between cash and lease payments for new vehicles, when considering the percent of total transactions over the past 12 months — per vehicle type. Company data shows cash and lease payments represented 25% each, while 50% goes to loans.

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Highnote, Fasten Rewards Launch Consumer Credit Card Rewards Program

AutoSuccessOnline

Leveraging Highnote’s customizable platform, Fasten aims to strengthen the relationship between drivers and dealerships by providing access to an innovative credit card which rewards consumers for auto loan or lease payments while increasing dealership loyalty, engagement and sales velocity.

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Bad time to extend car lease?

Shawn Ryder

In today’s fast-paced automotive environment, many consumers find themselves contemplating whether to extend their car lease or return the vehicle at the end of the term. Is now a good time to extend your car lease, or should you wait? No Equity Build: Unlike purchasing a car, youre not building equity with a lease.

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How a novated lease could put cash back into your pocket

Drive.com

Your key to novated leasing Oly’s goal is simple – to make novated leasing a finance option that’s easy to understand and accessible to millions more Aussies. Plus, your regular lease payment covers not only your car but all your driving expenses too – like rego, insurance, servicing, tyres.

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2022 BMW X3: Finance or lease?

Shawn Ryder

Advantages of Leasing a BMW X3 Lower Monthly Payments : Generally, lease payments are lower than finance payments for the same vehicle, allowing you to budget more easily. Warranty Coverage : Most leases run for the term of the manufacturers warranty, meaning fewer out-of-pocket costs for repairs and servicing.

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Is a 2024 Rav 4 lease a bad deal?

Shawn Ryder

In the fast-evolving automotive landscape, leasing a vehicle can present both opportunities and challenges for consumers. But the question remains: Is a 2024 RAV4 lease a bad deal? As we head into 2024, many potential buyers are contemplating the Toyota RAV4, a perennial favorite in the compact SUV category.