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A few months back we covered a very good reason to lease, rather than buy, an EV – the tax credits in the Inflation Reduction Act extend to more vehicles when leasing than when purchasing (assuming the lessor passes along the value of the tax credit).  But recent price reductions, led by Tesla, provide another […]

When the Inflation Reduction Act (“IRA”) became law in 2022 it provided the automotive industry with a boost by allowing some consumers to get a tax credit up to $7,500 for purchasing some electric vehicles.  There were many qualifications: A maximum adjusted gross income, depending on tax filing status A maximum MSRP for the vehicle […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Recently we came across a statement that insurance is more expensive for a leased vehicle compared with a vehicle the driver owns. While there may be a few specific situations where this is the […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** There’s an old adage related to the relationship between auto racing and automotive sales “Win on Sunday, sell on Monday” – meaning that strong performance in auto racing drives sales once dealerships re-open on […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** You may see a lease referred to an “open-ended” or “closed-ended”, if you do it’s likely to be in the fine print, legalese, or wherever the dealer/manufacturer/lessor has put some important but confusing details […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Several months ago I was in market for a new car – I tend to buy new but also tend to own the car for 5-6 years, so not exactly running it into the […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   It is once again the unofficial start of summer upon us: Memorial Day Weekend!  As we discussed in the article about holiday weekend shopping last year, holiday weekends tend to be a great […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   On April 24 the Ford Motor Company (Stock Info:[stock_quote symbol = “F”]) announced that it will be ending production of all its existing cars (so not including its trucks, SUVs, or crossovers) in […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   With the spring thaw finally upon us (more or less), the automotive world is gearing up for another summer sales season.  While everyone assumes that direct mail is out as a marketing strategy, […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Over the summer we had a couple of articles about road trips to consider if you’re far under your mileage limit on your leased vehicle, and you are not considering purchasing the vehicle […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Thank you to all the readers that have used Lease Wizard as a resource in 2017, and especially to all that provided feedback through email and social media, or submitted questions – hopefully the […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   The last few weeks have brought several inquiries about the one-pay lease, so it seemed like something worth addressing further in an article, and as notification that the main page about one-pay (single-pay) […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   As we come to the last few weeks of the year the automotive industry’s sales and marketing engine is revving close to the red line.  Obviously, anyone trying to get attention in the […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** The Los Angeles Auto Show is going on now (through December 10th), and despite it being one of the last of the calendar year, it is considered the kick-off event among the major auto […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Through this month we looked at how four areas of innovation are dramatically changing automobiles: how they move, how they’re accessed, and how our experience in them is changing.  Specifically we looked at […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Today we look at the last of the four major automotive innovations reviewed in this series: autonomous vehicles, also known as self-driving cars.  This was placed at the end of the series because […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   In the earlier parts of this series we covered innovations in automotive that don’t impact vehicle manufacturing directly, but now we switch gears to one of the largest changes to automotive design in […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** We started this series  on automotive innovation with  “The More Things Change…” and provided an overview on four major innovations coming in automotive – both in how they work and how they are used.  In […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   In the initial article of this series “The More Things Change…” we set the stage for discussing the four major innovations in automotive – either manufacturing, usage, or both – that are in […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   The “Internet Revolution” is now about 20 years in the making, dating back to the 1990’s and overcoming a major hiccup in the dot-com crash in 2000. However, it picked up again as […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   The auto buying experience has come along way; although it is still way behind other retail transactions of any size, and also slower and less convenient than other sizable transactions – in a […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   No one likes to think about what might go wrong, and we totally understand – if something is uncertain it’s much more enjoyable to imagine success; like your favorite team winning the championship, […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Autumn has arrived: the air is a little cooler (or should be), the sun sets earlier, the leaves change colors, and the auto manufacturers roll out the next model year’s edition of their […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Last time we quoted the Ancient Greeks here was on the page “Know Your Credit“, and we will give a brief update about that, but this week’s theme is about the Ancient Greek’s classical […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** It seems like every retailer uses holiday weekends as a reason to put their inventory on sale, and advertise these discounts, and the world of auto retailing is no different.  The manufacturers and dealerships […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Getting behind the wheel of a new car is always exciting, but understanding the conditions of your lease is important in knowing that your getting a good deal, as well as helping you […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** We continue the summer series focused on great road trip ideas, depending on what part of the country you find yourself in, and with the goal of visiting 5+ states and traveling around 1,500 […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Do you have any idea what the easiest part of leasing is?  The answer, to the detriment of the unprepared consumer, is advertising the lease deal!  Think about the lease deals you’ve seen […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   You’re at the dealership surrounded by shiny, new vehicles. Your eyes are dazzled by brilliant colors, glittering rims, and your senses are completely overwhelmed with the rush of that new car smell. You’ve […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** It may be surprising to have a publication called “Lease Wizard”, which provides information about auto leasing, publish an article about road trips, but we’re full of surprises around here.  Basic advice provided elsewhere […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** In part 1 of this series we set the stage for why leasing is better than borrowing because the rent charge is simple interest while the finance charge on the loan is compound interest. […]

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.** Albert Einstein reportedly said compound interest is the most powerful force in the universe.  Of course, the earliest known written report of this statement was about 30 years after he died, so he wasn’t in […]

Is is Worth Leasing an “Old” New Car? **This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   As we reach mid-June there are still more 2016 vehicles listed as new cars for sale than there are 2018 vehicles listed for sale.  Overall, […]