Wells Fargo analysts say that the interest rates Americans pay if they lease a car for 48 months are the cheapest they’ve been for 40 years, at around 4.25%. Interest rates on auto loans have continued to fall despite expectations this year that the US Federal Reserve would cut back its monetary stimulus program.
But the number of cars on the road has remained stagnant for the last six years or more. The housing market is on its way back, so why not car leasing?
Jay Bryson, global economist at Wells Fargo, points to two recent trends:
Via Paul Brody