People tend to be skeptical when they hear car dealerships offer end of the year savings, assuming that it’s not really a sale, but a reduced price from a previously jacked up price.  But, according to the Founder of eAutolease, Zoriy Birenboym, the end of the year actually IS the best time to lease a car.

If you have your eye on a 2020 vehicle, leasing it at the end of 2019 rather than early in 2020 could have an impact on your monthly lease payments. Why is model year more important than the calendar year? One word: depreciation.

• If you lease a 2020 vehicle for 36 months this year (2019), the lease will expire in 2022.
• If you wait until 2020 to lease that same vehicle, the lease will conclude in 2023.
• Your 2020 vehicle will be worth less in 2023 than in 2022, which means an extra year’s depreciation
• Because most of the depreciation of a new car is in the first couple of years, the difference you might pay for that third year of depreciation may not be worth fretting over, but money is money.
• If you want to save even more money on a lease, shift your focus to the dealership’s inventory of used vehicles
• Someone else has already paid the bulk of the depreciation, which means lower monthly payments for you. You can save hundreds or even thousands of dollars over the leasing period

Zoriy-Birenboym, eAutoLease Founder

As founder of eAutoLease.com, Birenboyn is a true entrepreneur, devoting himself to the business and always thinking ahead. He says, “eAutoLease.com is the future in car leasing is and the just the tip of the iceberg to what the future holds.”