NEW: Car Lease Ratings Website!
A little explanation and recap on how I rate these lease specials is in order. I rank the car lease special based on the average monthly payment as a percentage of the car's MSRP. Average monthly payment is different than monthly payment because your down payment is figured in and averaged out over the life of the lease term. Sometimes car manufacturers will entice you with a very low car lease payment in Big Print. Notice how the down payment is in fine print? That's why, we figure the down payment into the monthly cost as an average. In essence, the ranking indicates how much car you are getting for your monthly payment after the down payment is averaged into it. The lower the number the better. Formerly, I used a term called LVR (lease value ratio), to describe this magical rating number, but I think it is a little vague and confusing. From now on, I will just refer to the term, PRR (Product Review Ratings). Just know that the lower the PRR rating, the better. With that said, there are some great new car lease deals for April. Read the rest of this entry