Leasing a car rather than buying one is an attractive option for drivers who want lower monthly payments and the ability to change to a new vehicle every few years. A lease agreement will usually have a term of between two and four years and at the end of the lease term, the lessee needs to decide how to proceed. 

There are various options when a lease contract comes to term. You can return the vehicle to a dealer, buy out the lease (must pay sales tax), or sell your lease to a dealer (avoid paying sales tax). Each of these will have pros and cons and some will incur costs so it is important to assess your options before deciding your best step.

The majority of leaseholders opt to turn in their cars at the end of the lease period so we'll concentrate on the charges you can expect in this scenario. 

There are three main types of termination charges that feature in every lease and some others that crop up depending on the types of leases, loan terms, and individual lease companies. 

The three main termination fees are: disposition fee, excessive wear fee, and excess mileage charge.

Disposition Fee

Disposition fees must be detailed in the lease agreement in the end of lease charges - disclosure is required under the Federal Reserve's Regulation M. 

Also known as the turn-in fee, ostensibly, this might be simply described as a fee for the privilege of returning your lease vehicle at the end of the contract. It is meant to cover the cost of the dealer/leasing company prepping the car for sale, re-leasing, or for auction. 

A disposition fee can be anything from $200 to $700.

This fee is unavoidable on a lease vehicle return even if you return the vehicle in near showroom condition. It is also not a charge that you could have negotiated during the leasing deal. The dealer has no say in the matter because the vehicle disposition fee is set by the lender. 

You cannot get out of paying it by withholding it in any way because it will be deducted from the lease security deposit or any cash that is due back to you at the end of the lease agreement. 

Excessive Wear Fees

As a lessee, you do not own the vehicle so to provide some security for the lease provider, car lease contracts allow for normal wear and tear. 

It recognizes that no vehicle is going to remain in pristine condition when it is driven but there is a penalty fee for excessive damage. The condition of your vehicle at lease end will be minutely scrutinized to assess its condition. 

If your leasing company publishes a guide for what is considered normal and excessive wear and tear, it is a good idea to review your car against it. It will give some very heavy hints as to what will be checked during the inspection. 

So the question is, what is acceptable wear and tear for a lease vehicle? What is classed as excess wear? 

Each car manufacturer advises or sets guidelines for what they consider acceptable wear. Acceptable might include a specific number of stone chips in the paintwork, chips under a certain size in the windshield and nicks or minor scuffs to the wheels, wheel covers and hubcaps. Wear on tires will also be checked.  

Typically you can expect damage fees for the following:

• Repaired bodywork that doesn't meet the manufacturer's standards
• Over allowable size chips or cracks in the windshield
• Any chip in the windshield of any size if it is in the driver's line of sight
• Scrapes on alloy wheels
• Tires with a tread depth of less than 3mm
• Retreaded tires
• Tires with sidewall repairs
• Damaged upholstery - holes, tears or burns
• Aftermarket upgrades - custom wheels and tires, custom bodywork, custom seats, performance upgrades and audio system modifications. 

You can save money on excess wear fees at lease termination by looking after your car every day.

Rotate your tires to help achieve an even level of wear. Get noticeable chips and cracks in the windshield fixed. Get damage to alloy wheels repaired. 

Keep the car clean. Use the car wash regularly and vacuum the interior. Treat any upholstery stains as soon as possible. 

Giving the impression that you have looked after the car will hold you in good stead with auto dealerships.  This includes routine maintenance tasks including making sure that fluid levels are within the recommended range, tires are set to the auto manufacturer's standards and that oil and air filters have been changed at appropriate intervals. 

Excess Mileage Fees

Simply, the higher mileage a car has, the less it is worth. The annual mileage allowance helps the finance company funding your lease car to estimate its resale value at the end of the lease period. 

When you sign a leasing agreement, you are committed to a number of miles per each year of the lease. Choosing the right mileage allowance for your car finance or lease deal is extremely important. Not only does it affect your monthly payments but it will affect your end-of-lease charges if you exceed it.

The cost of excess miles can really add up. Excess mileage fees are generally 15 cents per mile for cars with an MSRP of less than $30,000 and 20 -25 cents per mile on cars with an MRSP of $30,000+. So, if you exceed your allowable mileage by 5,000 miles in a car worth $35,000, you will incur $1,000 as a mileage penalty.  

Be as accurate as you can when setting your annual mileage limit. Err on the cautious. It might mean slightly higher monthly lease payments but you will avoid penalties for exceeding your allowable miles at the end of the lease. 

If you do fewer annual miles than stated in your lease contract, the car may be worth more to the leasing company at the lease end but you will not get a retrospective discount/refund. If you are not driving as many miles as you originally estimated, you may be able to negotiate a lower mileage allowance and lower monthly payments for the remainder of your lease term. 

If you want to avoid unfair or excessive additional charges at the end of your lease, consider selling your lease to IMX Auto. IMX Auto is a reputable vehicle buying center and offers the best bargain in lease buyout prices. All makes and models of purchased, financed, or leased vehicles are considered.

If you are looking for a short answer, the best time to lease a car is during a discount promotion that you find after doing epic amounts of research. There are certain occasions when leasing companies offer genuine discounts for various reasons. Perhaps the dealership needs to increase turnover quickly or perhaps they are getting pressure from manufacturers or discounts/perks/incentives from manufacturers and other stock-market-sensitive organizations. Just make sure you do a lot of research to guarantee that the discount you are getting is a real one and is not some cheap marketing ploy.

The Long Answer

There are several factors to consider when it comes to timing, and almost all of them revolve around your circumstances. Perhaps your current car is at the end of the lease or perhaps your current vehicle is nearing the end of its life. Perhaps you need to ferry around your large family over the next few months and you need something super reliable, or perhaps something bigger than you would normally purchase. These are all fine reasons to get a new vehicle right now.

‘Tis The Season for a New Car

If you were looking for a pointer to a specific time of year to lease a car, perhaps near the Christmas holidays, Memorial Day, or Labor Day, then this article will have to disappoint you. There are very few Black Friday or January sales deals on car leases that are worth the money you pay.

If you are looking for real discounts, like those mentioned in the introduction, then it involves lots of research to find the right company, at the right time and to make sure you are getting a real discount.

Companies run discounts and special lease deals for various reasons. A smaller company may need to push its numbers a little harder to improve its credit rating, whereas a larger company may be trying to massage the numbers and achieve its quotas before its next earnings announcement to the shareholders.

The Buying or Leasing Problem

If you are thinking about buying a brand-new car, but you are struggling to make a decision, then you should seriously consider leasing. Take a robust three-year lease and reconsider buying a car outright when the lease agreement is near to ending.

The decision to buy a car is far more important than the decision to lease a car. Lease payments may be more expensive than an auto loan, but it is a short-term commitment. Buying a car may have you tied to that car for the next ten years, and it is a much bigger investment. If you do not like the types of cars you are looking at, then let the manufacturers get their act together and buy something in a few years.

You may fall in love with your lease car and buy it when your lease ends. You can circle back and buy a new car of that variety, or simply ask your dealership if they will allow you to buy the car after the lease ends. Though, with that in mind, do consider leasing the sort of car you would never buy. That way, if you don't decide to buy, at least you had a bit of a different experience.

Are You Strapped For Cash?

Some people say that leasing a car is perhaps the best thing to do if you are a little low on cash. The problem is that finance companies have muddied the water. It is quite possible to get a leased car that costs you quite a lot over the years because of the finance deals you strike. On a similar note, if you decide to buy a car and use a finance company, you may have lower monthly payments, but the overall cost of your car may balloon up to some very ugly numbers.

When you lease a car, as opposed to buying a car (with a car loan or not) it may mean a lower downpayment, it may mean lower monthly fees, and it will certainly mean fewer repair bills.

When you buy a car, you need to keep paying to repair and maintain it, whereas a leased car only needs mild maintenance (an annual service) because you don't hold the car for enough time to start thinking about gearbox changes and busted carburetors. Remember too, leased cars are generally covered by the manufacturer's warranty during the lease term so you shouldn’t have to shell out for major repairs.

You need to maintain the car at a level where you won’t be stung with a hefty disposition fee for excessive wear but this is not difficult if you are a decent driver and you have leased a brand new car or fairly new car.

What About Your Credit Score?

The better your credit score, the lower your monthly lease payment will be. A credit rating of excellent or good generally qualifies you for a lower money factor.

If your credit rating is in the toilet and you want to lease a car with monthly payments, then the dealership is going to charge you far more than your lease would ever be worth. It simply isn't worth your time or money if you have a poor credit rating. Though, on a similar note, if you were buying a car with a finance deal, then that is even worse when you have a bad credit rating.

If you have a bad credit rating, forget about becoming a lessee and buy a cheap second-hand car until your rating improves to the point where you can get a good deal on your next car.

What About a Car Lease Deal in March or September?

Did you know you eat eight spiders per night? Did you know that metal in the microwave will release deadly radiation and blow up? The idea that March and September are the best months to snag a deal on a leased vehicle is an urban legend, just like the eight spiders and the radiation thing.

Read other online articles, and they will sell you a lot of nonsense about automakers releasing cars, registration restrictions, and sales targets, but none of it actually generates seasonal discounts in March and September.

Dealerships are now wise to the rumor that March and September are the best discount/deals months and so put offers out during those months. Sadly, the offers do not favor the customer. They are simply there to entice the suckers who believe that March and September are better lease-deal months.

Beware of those who say certain off-peak periods also offer deals. Leasing companies do not care about quieter times. Leasing companies will offer deals, but as mentioned earlier, they all have their timelines, deadlines, and reasons for offering real bargains. At all other times, they are offering very self-serving deals that are simply there to draw you in.

Much online advice also points you in the direction of obtaining a lease when new models are released. Most new models are released between July and October and it is said you can maximize your savings by avoiding depreciation payments. This is just one factor in the calculation of lease monthly payments along with the capitalized cost (current market value of the vehicle), prevailing interest rate, your annual mileage limit, and potential trade-in value.

Time To Get Flexible If You Want Good Lease Deals

When you are hunting for a reasonable monthly lease payment, being flexible offers the widest range of opportunities. You may want something small and economical, but if they are offering great deals on a bigger and more robust car, then somebody who is flexible can jump on that opportunity.

The same may be true of lender finance deals, perhaps even some that tie in with certain insurance policies or credit card rewards. If you have a slightly narrowed window of purchase, perhaps because your car was totaled and now you need a leased car to tide you over, then being flexible can offset the downside of a short time frame (aka. can negate some of the downsides mentioned in the section.

When You Have Time to Spare

Those who cannot wait, those who need very specific cars or very specific deals are the ones who suffer the most. If you are prepared to wait a little longer, shop around a little more, and put more money down upfront, then you are going to walk away with a good deal.

Those in a rush are targeted the hardest by lease companies. It also narrows the field for getting the best car or a good deal. It is like shooting ducks where you only have fifteen minutes to shoot. You may get lucky and snag a prize mallard as it flaps by, but chances are, you will have to take a shot at a distressed pigeon.

What About Profits and Residual Value?

If a lease car dealership allows early termination, then there is a chance you can make a profit on the lease. You might sell your lease or buy the car so you can sell it.

Under most circumstances, making a profit is not worth the effort. However, we live in a weird time where getting a good second-hand car is tricky. If you take out a lease, and used cars are overpriced when your lease ends, then you may get a good price for your car or the remainder of your car lease.

Do not make your decision based on any sort of profit motive, but there is a chance that you may buy the car and then sell it for more than you paid. If you are looking for a time to buy a lease, then buy when the purchase prices of new and second-hand cars are really low. If you are lucky, the cost of second-hand cars will be high when your lease ends.

Final Thoughts – What Do You Think?

All of these reasons show that basing your decision on timing only adds to the hassle factor. You need to consider the deal as a whole whatever the time of year.

As mentioned in the introduction, almost all the reasons you should lease, and when you buy a lease, are personal. The only thing out of your control is which companies offer genuine discounts and when they offer them. However, if you are willing to shop around and search far and wide, then any time is a good time to buy a lease.

You are always guaranteed a fair deal at IMX Auto. Browse the extensive range on the website or call one of our salespeople to discuss your requirements.

Considering the fact you are reading an article titled, “Should I Sell My Lease?” the quick answer you are looking for is, “Yes you should, and yes you can.”

If you clicked on an article with this title, you are probably in one of two categories. The first is that you got a raw deal on your lease and you want out, the second is that you no longer need the car and rue further expenses of keeping it.

In both cases, you should probably sell your lease. Most leasing companies allow for some sort of exit strategy, and sometimes it involves being able to sell before the end of the lease term.

When Is It Easier to Sell Your Leased Vehicle?

For the first part, it is easy when the leasing company makes it easy. You need to be sure that the leasing company allows you to sell your lease. They may have restrictions where they may outright deny your ability to sell your lease. In that case, unless you are selling to somebody you trust, you cannot sell your lease without remaining liable for its safety.

For the second part, when the cost of cars is very high and when the second-hand car market has become very expensive, then it becomes easier to sell your lease. If you are looking to sell your lease during a period when people are having trouble finding a car at a good (or even a bad) price, then selling your lease becomes easier.

High Used Car Prices Have Higher Equity at Lease-End

Many car leases are for three years, perhaps longer, and during the lease, there is a chance that car prices (used and new) will rise sharply. Something may occur that causes prices to rise or demand to rise or supply to lower. There are various influencing factors on the price of new vehicles including things like the recent computer chip shortage.

During your lease period, if car prices take a sharp rise, then your leased car becomes more valuable. If your car has become more valuable just recently, then you should at least consider selling your lease. On the other hand, if you are desperate to reduce or remove your monthly payments and car prices are low, you should look for any other alternative other than selling your lease.

Understanding The Lease And The Value of the Car

There is a difference in the value of your new car from the moment when you start your lease to the moment it ends. When you sign your lease agreement, you are agreeing to pay the lender the value that your car is going to lose over time. Plus, they are looking to make some profit too.

Now, let’s say that you have taken good care of your car and it has retained quite a lot of its value because car prices are rising sharply. If you were to sell your lease for the remaining value of the car, you may make a profit.

Look at it this way with a simplified example. You buy a lease a new Chevrolet at $50,000. The leasing company says it will depreciate by 50% during the 3 years you own the lease. The car is supposed to be worth $25,000 at the end of the lease, but given high car prices, it is closer to being worth $30,000 near the end of the lease. It is around four months until the lease ends, and the buyout price is $28,000. If you could find a buyer for your leased car who is willing to pay $30,000, then you could potentially make a $2000 profit.

What is Your Used Car Worth Outside of Your Car Lease?

In other words, if you are looking to sell your car lease, take a look online to find the average selling price of your car in its current state. When you consider the value of your vehicle, take into account any damage and excessive wear and tear. When looking at prices, do not consider the fact it is leased. Just look for the price you would pay if you were buying that used car from a dealer and a private citizen. You now need to consider these three elements.

Residual value

This is the price you just researched. It is trickier to determine than most people think because you have to consider damage/wear/tear and the differences in the price in your state over others. Nevertheless, you are looking for a generalized value for your car.

Potential profit over preset residual

This is the difference between the current market value worth that your leasing company decides upon and the residual value worth that you have figured out. If your residual value number is higher, you have the potential to make a profit.

Percent (%) over the preset residual value

Take the value that the leasing company says your car will be worth at this point during your lease, and look at how many other vehicles of this make and model sold for over their preset residual value. In other words, are people in real life overpaying for your car right now?

There Are Two Major Obstacles to Overcome

The first is that it is difficult to get people to buy a lease or even buy out your lease to own the car. The second problem is the leasing company.

The leasing company may have written into your contract that you cannot sell your lease, you cannot have other people buy out your lease, and so forth. They may require you to ask permission to sell your car, and they may say no. They may block you from selling your lease, selling your car, or getting out of your lease, no matter how high used car prices go in the future.

In many cases, car leasing companies are unwilling to let you out of your lease because they are beholden to finance companies, and the finance companies want to keep you in debt as long as possible to draw maximum profit from your lease payments.

Checking Your Contract

You may be tempted to call your leasing company and ask them a bunch of questions about your lease contract, but there are two things to remember. The first is that they are in business to make money and may offer you information that leads you down the most expensive path. Secondly, the reception staff and even many of the sellers may not understand the intricacies of your contract and may offer you sour or useless advice. As you check your lease, here are a few terms you may encounter.

Disposition fee:

This is the amount of money you will be charged at the end of your lease. It is the cost of restoring your car so that it can be sold to another person. Do not confuse this with your initial rental fee or any sort of deposit.

Termination fee:

This is a penalty fee that you pay if you end your lease earlier than you were supposed to. Ending the lease early may be the wisest move, but the termination fee calculations often involve big numbers. It is often less of a financial strain to keep paying the lease rather than paying the massive termination fee.

Third-party buyout restrictions:

This is the part where they will ban you from selling the car, ban you from selling the lease, or ask you to gain permission before you do any sort of selling.

After reading your contract, you will understand how difficult or easy it is to sell your lease, sell your car, buy out your lease, terminate your lease, and so forth. If you have a fuller view of your options and your potential losses, then are better equipped to decide if you should sell your lease.

Finding an Exit Strategy For Your Car Lease

If you are strapped for cash, you may want to sell the car lease.

If you are not strapped for cash and you are simply looking for the best financial decision, then buying your car is a good idea if its value is higher than people thought it would be. On the other hand, if the car markets have turned in a way that makes new and used cars overly expensive, then buying your car and selling it may be your best option.

If you have enough equity in the car to turn a profit, and if you are confident that you can use and enjoy the car if you are unable to sell it for a good price, then buying your leased car and moving the risk of ownership over to you is the best financial decision.

Going forwards, if you decide to buy your car, then you will have to pay off the remaining lease payments, and there will be added fees similar to a termination fee (though probably not as harsh), and any added fees that were stated in your contract.

If you’re set on selling your lease, be sure to go to a reputable lease-buying center, like IMX Auto. When you sell your lease to IMX Auto, you avoid paying disposition fees and receive the best offer on your vehicle.

Your best bet, as you know, is to start with a good lease deal in the first place. Trying to sell an ugly overpriced lease is always going to be more difficult than selling a fair-value lease.

Opt for leasing services like IMX Auto, where you get a good price, but also fair terms and conditions. This means that if your life takes an unexpected turn and you need to sell your lease, you can approach IMX Auto and work out a deal that doesn't involve lost money and high fees.

Again, the best advice has always been to find a good leasing company and start your lease on the right foot. It is the only way to guarantee you get the best value for your money.

When people look at fuel efficiency there are two factors of consumption that are of concern. One is the cost of fuel and the other is the air pollution caused by fossil fuels.

The electric car, specifically the Tesla, is by far the most fuel-efficient car on the market. Sadly, because electric vehicles use the energy created by fossil fuels and since their construction damages the environment in various ways, electric cars are some of the most polluting cars on the road.

If you care about your carbon footprint, then the most fuel-efficient gas-powered cars are your best bet. This article covers ten cars with great gas mileage, but before getting into those, let us address the elephant in the room.

You Determine How Fuel-Efficient A Car Is

Different vehicles will pollute at different levels, for example, think of a truck and a tiny Smart car. However, two people can drive the same car, and one car can be fuel efficient and almost pollution free, whereas the other can be very polluting, wasteful, and have very poor gas mileage. This is because it all depends on the driver.

If you are a reckless driver, speeding irresponsibly, frequently having to break hard, and driving well over the speed limit, then you are going to get worse gas mileage. If you don't take care of your car tire pressure, if your wheels are unbalanced, if you overload your car or leave heavy items inside for no reason, then you are going to get worse gas mileage. This article covers several different cars that offer great fuel economy and gas mileage. However, it is up to you to fully exploit this fact with sensible driving and proper car maintenance.

1. The 2022 Hyundai Ioniq

On a mile-per-mile basis, is this car more fuel efficient than a Tesla? No, but then no other gas-powered, hybrid or electric car is as efficient as a Tesla. However, have you ever heard of a gas-powered car that is more efficient than a hybrid? Well, you have now because the 2022 Hyundai Ioniq beats most hybrids out of sight.

Available as a plug-in hybrid, this 5-seater hatchback has a long warranty and great fuel economy. It rolls in at an easy 59 MPG, and it does it by having a hyper-efficient engine, a lighter body frame, and a smaller engine size. It does have a sluggish level of acceleration, but it is hyper-fuel-efficient and is the one of its kind to ever come close to paying for itself in savings.

2. 2022 Toyota Prius

The people at Toyota know how to make efficient vehicles and the various iterations of the Toyota Prius have been bouncing up and down the fuel efficiency charts for years. This time, it only clocks in at 56 MPG, just short of the Hyundai’s easy 59MPG. However, this hybrid car is a fair size and is ideal for city traveling.

At lower speeds, the electric engines kick in, which is great for the stop-start traffic situations you find yourself in when you drive in cities. If you don't fancy the quirky body style, there is the 2022 Hyundai Elantra Hybrid, which reaches 53 MPG and has a much stronger engine when compared with the Toyota Prius.

3. 2022 Honda Insight

Don’t rule this out as your new car for only offering 52 MPG. The Honda Insight offers very punchy acceleration speeds when compared to the first two in this list. It is louder, it is good-looking, and it has a lower center of gravity for an easier drive. Plus, if you are just driving on the highway, then this compact sedan can reach up to 59 MPG, so it is a car worth looking out for.

The Insight is a family-friendly car with a nice roomy cabin to easily accommodate three kids in the rear seats, has two trim levels, and many reviewers say it is fun to drive.

4. 2022 Toyota Camry Hybrid

With good gas mileage clocking in at around 52 MPG, this car has a fair amount of internal space and looks good, but it doesn't pack a very fast punch. This is quite contrary to its appearance, as it looks like a car that can crank up the speed pretty fast. It has many benefits of the smaller Toyota Prius, but it is a little bigger, a little more luxurious, and isn't as easy to drive.

Still one of the most popular midsize sedans around, the Camry Hybrid offers excellent passenger comfort, easily seating three adults in the rear seating, very good safety features, and an intuitive infotainment system. From an affordable base price, there are many trims to scale up to a luxury model.

5. 2022 Hyundai Sonata Hybrid

Another Hyundai, but this one offers more utility and comfort than the Ioniq. Fuel economy is 50 MPG city and around 54 MPG highway.

The most interesting feature of this efficient hybrid is the option of a solar sunroof (built-in on some models). The solar cells can produce an extra 2-4 miles a day which at maximum is an additional 1460 miles per year.

Preliminary published tests show that this car is pretty reliable and is suitable for use as a family car with luxury features normally on higher-class models.

6. 2022 Kia Niro

This SUV offers a fairly healthy 49 MPG and may be one of the best cars on this list, especially when you consider that it is underpriced when compared to the others. It rides very well, it has a fair amount of power, and it handles well even over rough surfaces.

The Kia Niro has a low starting price and offers great fuel economy and agile handling. Intuitive tech features include an optional upgrade to a 10.5 i8nch touchscreen.

The only problem with this hyper-efficient economy car is that it is just a little too small. For an SUV, it feels very small. It is not the sort of thing you could use to transport all your kids, all their stuff, and your shopping. It is a small but mighty car that puts the others to shame on this list, but still, it needs to be about 25% bigger.

7. 2022 Honda Accord Hybrid

This is a nice size for a family car, and its acceleration and pep are far better than what has been offered so far. It comes in at 47 MPG, has lively handling, offers a smooth ride, and has spacious seats. Sadly, for some, it doesn’t offer all-wheel drive.

Some people claim that its fuel economy isn't as good as advertised, but the fact is that this car can accelerate faster than your average hybrid, and you can gun it up to higher speeds if you wish. Since people can push the car a little harder, then the people who do will suffer the consequences of poorer fuel economy. If you drive like a sensible person, then this hybrid model will give you plenty of MPGE and is suitable for any family or commuter.

8. 2022 Lexus ES Hybrid

People try to pull this one down, saying it does not have the best gas mileage, but they are wrong. This car easily gets 44 MPG and offers a smooth and easy ride. Just like with the Honda Accord above, this car has a bit of pep, so people drive faster and then wonder why they are not getting great fuel economy. Even with a large family inside the car, if you drive this luxury vehicle like a sensible person, then you will get plenty of miles per gallon thanks to the powertrain.

If you cannot afford the Lexus, then consider the 2022 Toyota Avalon Hybrid. It is eerily similar to the Lexus, and it too achieves 44 miles to the gallon without having to pay Lexus prices.

9. 2022 Lexus UX 250h

You get 42 MPG and an amazingly luxurious hybrid to go with it. The exterior looks great, it offers a comfortable and responsive ride, and you can turn on 4×4 too. T

The biggest reason why this car has been derided by the media is that the engine is not very powerful thanks to a lackluster powertrain. This is a big sexy car that moves like a Toyota Prius. It creates a weird type of disconnect between what you see as a fast and sexy car, and its not being able to keep up with a Land Rover.

It still offers great all-wheel drive and it is a top pick by the Insurance Institute for Highway Safety (IIHS) for safety thanks to several advanced driver assistance aids as standard.

10 - 2022 Ford Escape Hybrid

This is an amazing car and you still get 44 MPG in the city and 37 MPG on the highway. It may seem odd that this article features the most efficient cars at the top, and yet it is the cars at the bottom that are the best. However, you have to remember that when cars are efficient enough to get 50+ miles to the gallon, then unless they are a Tesla, they have to make compensatory sacrifices. Sure, the Ford Escape Hybrid doesn't get the sort of miles per gallon that the Hyundai and Toyota do, but it is a perfectly well-rounded car.

It is an SUV, offers a great ride, is very responsive, works well in all weathers, has intuitive technology, and can run on just its battery for up to 37 miles. People need to stop counting Ford out of the automobile races. because they surprise people with an excellent car now and again. Their Mustang is pretty good, but even their Puma is a little dynamo in real life. The 2022 Ford Escape Hybrid is a genuine option for anybody wanting great fuel economy, robust horsepower, and a great resale price when listed in used car auctions.

Testing Out Cars For The Best Gas Mileage

It is hard to tell if a car lives up to its gas mileage promises. There are too many variables, such as how electric cars don't do so well in icy weather, and how gas pump prices are higher in remote areas. Plus, there’s how people who drive in cities and those who drive in the country have very different fuel economy situations. Since there are so many variables, you may want to try out a few cars first.

In conclusion, if you're in the market for a new vehicle with great gas mileage, there are plenty of options available to choose from. From compact cars to hybrid SUVs, there's a fuel-efficient vehicle out there to suit every need and budget. To find the perfect vehicle for you, be sure to check out the extensive inventory at IMX Auto Buying Center and Leasing. With their wide selection of high-mileage vehicles and helpful staff, you're sure to find a car that meets all of your needs and fits your budget.

The first thing you know is that you can easily be ripped off and overpay on your car lease, and it isn't much you can do about it after the fact. However, thanks to online reviews, you can typically figure out which companies are selling unfair deals.

If you cannot find reviews about a leasing company, then take that as a warning because nefarious companies change their names every six months to hide from their negative online reputation. Checking reviews and doing your research is the best way to avoid getting a raw deal on your leased vehicle. That is the first thing you should know, here are some other things you should know about car leasing.

You Have Made The Correct Decision

The first thing you should do is exactly what you have done. You should do a little research to acquaint yourself with getting a car lease. Think of your car lease as a long-term rental. You make monthly payments on a new car that you own for the duration of the lease. When the lease is up, you hand over the car and your transaction is complete.

Obviously, there is a little more to it than that, but there is the general gist of the process. At the end of the lease, you may have the option to buy the car or extend the lease or trade-in for one of the company’s new vehicle lease deals. If you decide to hand over the car without a new lease contract, then they check it for damage, and if the car isn’t showing excessive wear and tear, then you walk away with no extra fees beyond the disposition fee.

Note for Modern Car Lease Customers

For the record, the current car leasing business model is to offer brand-new cars for lease. However, thanks to the 2020 Covid pandemic and subsequent semiconductor shortages, some car lease companies have changed their business model a little. Some are now offering used cars for leasing. This trend may die out in five years or keep going, but the general understanding is that if you get a used car for your lease, then the cost of the lease should be less than if you leased a new car.

Learning About Car Leases

Ask questions. If there are words and terms you are not sure about, then ask. It is their job to give you the best possible service. Take a look online for a leasing glossary and brush up on a few of the words you will hear and see in the contract. Here are a few of the most common terms.

Lessee

This is you, the person leasing the car.

Lessor

This is the dealership or the financial company behind the dealership.

Money Factor

This is the interest rate you are paying. They express it as a multiplier to calculate your monthly payments.

Allowable Mileage

This is the total number of miles you are allowed to drive over the course of your lease. You will be charged extra per mile for every mile over the allowable mileage.

Depreciation

This is how much value the car is estimated to have lost during the course of your lease.

Sales Tax

Each month’s lease payment may be subject to sales tax, which declines as the car depreciates in value.

Term

When written on your lease contract, it means the amount of time the lease will last.

Subsidized or Subvented Lease

Some manufacturers offer low-interest rates to leasing companies to encourage lower leasing prices.

Payoff Amount

This is also called the buyout amount and is the cost of owning the car if you want to buy it.

Leasing Your New Car For Three Years

Assuming you receive a new car, you probably want a longer term so that you may enjoy lower monthly payments. Perhaps the interest rate is better with a longer term, or the mileage limit is not as restrictive. All things considered, you probably shouldn't lease for longer than three years. This is because a new car warranty often expires after three years. This means that any manufacturer-caused problems will be quickly fixed and maybe even a replacement given if the problem is serious during your lease term.

Don’t forget that when you lease a car for four or five years, after three years, you will have to consider repairs, servicing, new tires, and so forth. In all probability, you are going to have to spend money on a car you don't own, and quite often, it isn't worth it unless you are sure you are going to buy your car at the end of the lease period.

Your Leased Car Down Payment

Many lease deals come with a substantial down payment. One reason is that it acts as a deterrent against people taking a lease out and then running off with the car. The payment may also be called a “Cap (capitalized cost) reduction payment” or a “Drive Off fee.” Paying a larger amount as a security deposit upfront means you pay less in your monthly fees over the lease term.

Many people don't realize the cap cost can be negotiated down, so don’t allow a dealer to charge the manufacturer’s suggested retail price (MSRP) on a car that can normally be discounted by thousands of dollars.

Pay your acquisition fees and down payment before you take the car. For example, the company is going to have a mileage limit per year, probably around 12,000 miles. But, you can buy extra miles per year if you wish, and it is best to do this when you take out the lease to save money. Beware that most leasing companies will charge you an added fee (per mile) for any excess mileage at the end of the lease term.

Do a Cost Benefit Analysis

The online articles that want you to buy cars will tell you that buying is the most sensible and cost-effective option (sometimes it is).

The online articles that want you to lease cars will tell you that leasing is the most cost-effective (again, sometimes true).

It is up to you to do the math. Don’t just consider the financial aspects. Look at the intangible benefits, like how your car will probably still be under manufacturer warranty and how driving around in a new car is often better than driving around in a used car.

Consider your lease payments on a monthly basis or yearly basis, and then consider fuel, insurance, and so forth.

Don’t be fooled by the false-logic argument that your lease payments are payments into nothing, whereas car loan payments end with you owning a car. The total cost of a car purchase may turn out far more than what you pay for your car lease. When you finally pay off your car, the market value is often a tiny fraction of what you have paid. In terms of investing, there are many times when your cost per day is far less with a lease than car buying. When you buy, you have to worry about the retail price and value of the car. That is not the case at the end of your lease.

When doing the math, also decide if you need to consider gap insurance. This provides cover for the difference between the lease contract’s residual value and the true market value of the leased vehicle.

Look Into an Auto Loan For The Make and Model

Try to keep an open mind when you are looking for a car. You may have the best car in mind that could be expanded a little in order to get you the best deal. For example, you may have decided you need a four-seater car because you have kids, but there are Nissan GTR cars out there with four doors. You may have decided a smaller car is best, but there may be a great deal on some SUVs.

Once you have found a good deal on some lease cars, take a look at the price of the vehicle, at the purchase price, and then at the purchase option at the end of the lease. If the price of the lease is low when compared to the purchase price and auto loan payments, then you are probably getting a good deal.

Your Credit Score and The Monthly Payment

Yes, your credit score will affect your ability to get a car lease and the overall cost of your car lease. There is also very little room for negotiation unless you have a great credit rating. Some websites have a payment estimator. You enter things like the proposed mileage you intend to drive, the number of years you wish to keep the car, and so forth. You are then given an estimated price.

If your credit is okay but not great, then it will affect your costs in a very general way. Your costs will go up across the board, not just on a single vehicle or a subset of vehicles. The quotation tool should inform you that the quotes you are receiving are ballpark figures from lenders and shouldn't be taken too seriously. They are best used as a way of comparing the costs of vehicles rather than trying to get an accurate out-the-door price.

Negotiating Your Lease Payment

This is a tricky subject because there is always some overly polished YouTube star telling you how to negotiate your way to success with lease companies. In reality, the leasing companies would rather walk away from a deal than offer a discount because the hassle isn't worth the loss in profits.

If you are going to try to negotiate, then there are two things to consider. The first is your credit score. If you have a great credit rating, then the lessor may have some room to lower the price. The second method is to shop around for the same deal from all the leasing companies you can find and then show the lessor those quotes when you negotiate.

With that said, if there are companies out there offering lower prices and they are not scammers, shouldn't you be shopping with them? Probably - except if you are at the end of a leasing period and want to stay with the same leasing company for your new leased vehicle.

You probably shouldn't play hardball because the leasing company is often better off leaving the deal on the table than they are being bullied into taking a lower price.

Finding The Residual Value

There are plenty of online articles and videos about how you should figure this out. The point is that you probably “Should” figure it out.

What does the leasing place say that the car will be worth after the lease has finished? Are they going to offer to sell you the car, and how much are you expected to pay? Even if you are not considering buying the car, things may change in the next few years. What if there is a big economic collapse or massive inflation? After your lease is up, you may want a new car but they are massively expensive.

In that case, you could consider buying your lease car since you know you have taken good care of it by having it new. It is one of the few ways you can buy a (technically) used car and be sure of its entire history.

What About Early Termination?

If you would like to get out of your lease before you have finished paying, perhaps because you don't need the car anymore, then you can ask the lessor, but they have no obligation to say yes. If they do, they will probably charge you a steep fine to get out of your lease. Otherwise, you will need to keep paying your lease until it is completed or sell your lease. The legality and liability of selling your lease seem to vary from state to state and country to country so you’ll need to work with the terms of your lease.

Where Can I Get Any Make or Model?

Ideally, you should look for a dealership that has fair fee rates and that offers a good lease term for the right price. The hard part is finding a leasing company that has a big range of cars and vehicles. Luckily, even in this day and age, you can get just about any type of make and model of car from IMX Auto Leasing.

If you are struggling to find a good leasing service or struggling to find the type of car you want, check out IMX Auto Leasing. IMX Auto is a great place to go if you're looking to lease a vehicle, and we're confident that we can help you find the perfect car at a price that fits your budget. Contact us today to learn more and get started.

If you're looking to help your car last longer, there are several things you can do to keep it in good condition. As a car owner, making sure you maintain your car according to the manufacturer's recommended schedule will assure your car stays in top shape over the years. This means having regular oil changes, checking and replacing your windshield wiper blades, and checking the condition of your tires.

Overall, keeping your car in good condition is important if you want it to last longer. If you have a new car, it will likely come with a warranty that covers certain repairs and maintenance for a certain period of time. Make sure you understand what is covered under your warranty and take advantage of it when necessary. By following the manufacturer's recommended maintenance schedule, taking advantage of your warranty (if you have one), and being proactive about repairs and maintenance, you can help to extend the life of your car and keep it running smoothly for years to come.

Here are our top 8 maintenance tips to make your car last longer.

1. Regular Maintenance and Servicing

Regular maintenance and servicing are one of the most effective ways to lengthen your cars lifespan. During a routine service, a mechanic will inspect your car for any signs of wear and tear, and check all of its major systems, including the engine, transmission, brakes, and suspension. They will also change the engine oil, the oil level, as well as any air filters that need to be replaced.

Regular maintenance and servicing can help prevent breakdowns, improve your car's fuel efficiency, and extend its overall lifespan. It can also help you catch and fix any small issues before they turn into bigger, more expensive problems. By investing in regular maintenance and servicing and finding a trusted mechanic for the job, you can save money in the long run and keep your car running smoothly for many years to come.

If you have a used car, it may not come with a warranty, but that doesn't mean you can't keep it in good condition. One thing you can do is to be proactive about maintenance and auto repairs. This means keeping an eye on things like your wiper blades and replacing them when they start to wear out. It's also a good idea to keep an eye on your windshield and make sure it's in good condition.

2. Proper Tire Inflation and Alignment

Properly inflated tires can improve your car's handling, fuel efficiency, and safety, while properly aligned tires can extend their lifespan and reduce wear and tear. To maintain proper tire inflation, you should regularly check the pressure of your tires using a tire pressure gauge. Most tires have a recommended pressure range, which can be found on the sidewall of the tire or in the owner's manual of your car. You should check the pressure of your tires at least once a month, and adjust the pressure as needed to fall within the recommended range.

3. Regular Oil and Fluid Changes

Regular oil changes are crucial to maintaining your car's health. Motor oil is the lifeblood of your car's engine, and without it, the engine's parts would rub against each other and quickly wear out. Over time, motor oil becomes contaminated with dirt, debris, and other impurities, which can reduce its effectiveness and cause it to break down.

To maintain the health of your car's engine. you should regularly change the motor oil and oil filter according to the manufacturer's recommended service schedule. This typically involves draining the old oil from the engine, replacing the oil filter, and refilling the engine with fresh motor oil.

In addition to motor oil, there are other fluids in your car that also need to be regularly changed, such as the transmission fluid, coolant, and brake fluid. These fluids are also essential for your car's performance and longevity and should be changed according to the manufacturer's recommended schedule.

Regular oil and fluid changes can help prevent the buildup of impurities and contaminants, which can damage your car's engine and other systems. They can also improve your car's performance, fuel efficiency, and overall lifespan. By investing in regular oil and fluid changes, you can keep your car running smoothly and extend its life.

4. Use High-Quality Fuel and Additives

Using high-quality fuel and additives can help your car last longer. The fuel you put into your car plays a crucial role in its performance and lifespan, and using low-quality fuel can cause serious damage to your car's engine and other systems.

High-quality fuel is free of contaminants and impurities and is specifically designed to provide your car with the right blend of octane, detergents, and other additives to maximize its performance and efficiency. Using high-quality fuel can help improve your car's acceleration, horsepower, and fuel economy, and can also help prevent buildups of carbon deposits and other contaminants that can damage your car's engine.

5. Avoid Excessive Idling and Aggressive Driving 

Avoiding excessive idling and aggressive driving are important factors in helping your car last longer. Excessive idling, which is when your car's engine is running without the vehicle moving, can waste fuel, produce excess emissions, and cause unnecessary wear and tear on your car's engine and other systems.

Pay attention to your car's gas mileage and the condition of your tires. Poor gas mileage can indicate a problem with your car, while worn or underinflated tires can cause poor handling and increase the risk of a blowout. If you notice any issues with your car, take it to a reputable repair shop as soon as possible to avoid more expensive repairs down the road.

6. Protect Your Car From the Elements With Regular Washing and Waxing 

Regular washing and waxing of your car are important to help with car maintenance from the elements and keep it looking shiny and new. When left unchecked, dirt and debris can build up on the surface of your car, causing it to lose its shine and become dull. This can also lead to damage to the paint, as dirt and debris can act like sandpaper, rubbing against the surface of your car and causing scratches and other damage.

Another thing to keep in mind is corrosion. This can occur when your car is exposed to moisture and other weather conditions/climates and can cause serious damage to the metal parts of your car. To prevent corrosion, make sure you wash and wax your car regularly, and consider using a corrosion-resistant spray or wax on the undercarriage of your car.

7. Avoid Carrying Heavy Loads or Overloading Your Vehicle

When it comes to avoiding carrying heavy loads or overloading your vehicle, there are several things you can do to protect your car and keep it in good condition. First and foremost, it's important to understand the weight capacity of your vehicle and make sure you never exceed it. Overloading your car can put excessive strain on the engine, transmission, and other components, which can lead to costly repairs and shorten the life of your vehicle.

If you have a new car, it will likely come with a warranty that covers certain repairs and maintenance for a certain period of time. Make sure you understand what is covered under your warranty and take care not to exceed the weight capacity of your vehicle, as this could void your warranty.

If you have a used car, it may not come with a warranty, but that doesn't mean you can't protect it from the effects of carrying heavy loads. One thing you can do is to be mindful of how much weight you're putting in your car and avoid overloading it. It's also a good idea to distribute the weight evenly in your vehicle, as this can help to prevent damage to the suspension and other components.

In addition to avoiding carrying heavy loads, it's also important to take care of your car by maintaining it properly. This means having regular oil changes, checking and replacing your wiper blades, and checking the condition of your tires. By taking these steps, you can help to extend the life of your car and keep it running smoothly for years to come.

8. Use Only Manufacturer-Approved Parts and Accessories For Repairs and Upgrades 

Using only manufacturer-approved parts and accessories for repairs and upgrades is important for helping your car last longer. When you have your car repaired or upgraded, it's important to use parts that are specifically designed for your make and model of car. These parts are known as "manufacturer-approved" and are the best choice for ensuring that your car continues to perform at its best.

Using manufacturer-approved parts can also help to preserve the value of your car. If you ever decide to sell your car, having manufacturer-approved parts installed can help to increase its value and make it more appealing to potential buyers.

Conclusion

In addition to taking care of the physical parts of your car, some driving tips can help your car last longer. For example, avoid sudden starts and stops, as this can put extra strain on your car's engine and transmission. Also, be mindful of how you use your car's power steering and brakes, as these systems can be expensive to repair if they fail.

By taking care of your car and following these tips, you can help your car last longer and avoid costly repairs. Just remember to check the hoses and other parts of your engine regularly, prevent corrosion, follow good driving habits, and take care of your tires and gas mileage. With the right care, your car will be ready for any road trip or adventure that comes your way.

Choose IMX Auto

IMX Auto is your go-to auto center for selling your vehicle, no matter what state or condition it's in. Our team is made up of experienced and knowledgeable professionals who are dedicated to helping you through every step of the process. We'll answer any questions you have and provide you with all the information you need to make an informed decision.

So if you're looking to sell your car, look no further than IMX Auto. We'll make the process easy, convenient, and rewarding, and we'll help you get the best price for your vehicle. Contact us today to learn more and get started.

There are several benefits to choosing an electric vehicle. This article covers the benefits of choosing an electric car, the true downsides of electric cars, and the fake (untrue) downsides. Firstly, let’s start with the upside to choosing an electric car and in this, we will generally include hybrid vehicles.

The Benefits of Electric Vehicles

When thinking of buying an electric car, it isn’t just a case of wanting to do your bit for the environment and save on fuel costs. You have to weigh up the benefits and the costs. Some benefits impact your pocket while others impact your overall driving experience.

The Maintenance Costs Are Pretty Good

A gas-powered vehicle needs to manage the mini-explosion in the internal combustion engine to channel the energy and pump out the burning air. There are lots of pressurized and hot parts that may easily break down. Electric cars have no need to manage such hazardous scenarios, so they wear out more slowly and break down less frequently. EV models also have fewer moving parts and therefore fewer parts at risk of failure.

There are Several Tax Incentives

In many developed countries, you will find tax incentives. Get them now because Germany has just been exposed for “not” being as green as it claimed. World governments will soon start dropping the pretense of being eco-friendly and their federal tax credit incentives will be the first to go, so get your car and your tax break now!

There Are Plenty of Public Charging Stations

First-time buyers worry about charging their electric vehicle while out and about, but you soon realize there are quite a few places that now have chargers. They are not as plentiful as gas fuel stations, but ask any owner of a plug-in hybrid if they have ever been stranded and they will say “no.”

They Can Be Charged With Renewable Energy

If you have the money, you can set up solar panels on your garage roof, and have them charge batteries in your garage that are then used to charge your car. This is more expensive than charging from your mains electricity and currently, significantly more expensive than using fossil fuels in your car. However, if you have the money, you can drive around in your car knowing that it is powered completely by the sun. A major point if you are looking to be more environmentally conscious by using renewable energy sources.

There Are A Few Downsides

Even though electric cars, your average plug-in hybrid, and electric motors, in general, are prime examples of next-level precision design and engineering, the fact is that electric cars are still an emerging industry. To compare, do you remember those old mobile phones that were massive, had power packs the size of three VHS tapes and only worked in major cities? Well, current electric vehicles are around the stage of Nokia phones. New EVs are still back in a time when the technology had become usable but was growing and being adopted slowly. They are good, but they are going to grow into places and areas we can’t even imagine. However, there are downsides, and here are the big ones.

Electric Cars Are Very Expensive

Are there cost savings on the retail price? As a whole; no. As with all new and emerging technology and trends, early adopters have to pay a bigger price tag. Some smaller and more economical PHEV models are appearing, but we are still a long way from cheap and plentiful electric cars.

They Damage the Environment

One of the perceived benefits of buying an electric vehicle is that they are more eco-friendly than gas-powered vehicles. The materials being used in the car’s batteries are incredibly damaging to the environment when they are harvested and processed. In addition, disposing of electric car batteries is also highly toxic and damaging. This is a problem until a safer way to make and dispose of them is thought up. For the record, Smartphone batteries also pose the same problems albeit on a smaller scale.

Their Use Causes More Greenhouse Gas Emissions

If every car owner in the USA went electric tomorrow, the USA would have to build over 2000 new coal power plants to keep up with demand. At the moment, power is produced with nuclear power and fossil fuels, which means your car will be charged with electricity that causes emissions and therefore contributes to air pollution.

Ignore The Fake Downsides

This article isn't going to shy away from the genuine downsides of owning an electric vehicle, even if the problems they present will probably be solved within the next ten years. However, there are some fake downsides that the internet, especially Twitter, has been happily spreading. Here are a few of the fake downsides.

Their Batteries Die And You Are Stranded

This is not true at all. Most people only bother to charge their cars every three days simply because they have plenty of juice. There are charging stations everywhere (look it up, there are far more than you would think), there are many ways to charge your car, and there is no proof that people run out of juice. If they did, then companies like AA in the UK and AAA in the USA would be charging more to cover pickups for electric cars.

They Cost a Fortune to Maintain

This is not even close to true. If you have ever had a luxury branded car or even a cheap hybrid, you know how expensive repairs can become. Electric cars are no more expensive to maintain, and since they break down less frequently, they are usually cheaper to maintain throughout their lifetime.

You Don’t Have to Pay a Fortune

This article mentioned that electric cars are around the stage right now that mobile phones were during the Nokia period in history and therefore still expensive. This may put some people off buying an electric car, perhaps waiting for the world of things to come. However, you are better off being an early adopter. You are better off being one of those people who can claim they had an electric car ten years before everybody had one. 

If you’re looking to switch to an electric car, consider selling your vehicle to reputable Auto Centers like IMX Auto Group. IMX Auto offers the best deal for your unused, financed, or leased vehicle and you can earn cash toward an electric vehicle that will suit your needs. For more information, click here! 

Let’s assume you are selling a used car since few people run around selling their new car. Two of the most common FAQs are how do I know the value of my car and how do I set an asking price? Car values differ depending on hundreds of factors, but let’s clarify the five primary “value” factors:

• Age and condition of the vehicle
• Mileage
• Make and model
• Enhanced accessories and optional equipment features
• Local market demand

Then you also have to consider who you sell to. The types of used car values based on who is doing the car buying are

• Private resale value
• Dealer resale value

Some people will put stock in the MSRP (manufacturer’s suggested retail price) but given the issue of immediate depreciation as soon as a new car is driven, there is no correlation between a new car and used car prices.

Car sales get a little complicated because the main pricing guides use different calculations but here is how you find a vehicle’s value.

What is The Car’s Market Value?

Forget the current market value. As you will discover in this article, there are many different prices for your car. It all depends on how you sell or trade your car, and to whom you sell your car. Trying to work based on “market value” is the wrong mindset.

Aim for a price that suits your circumstances, your timeline, the vehicle condition and how much money you want to make, save, and/or are prepared to lose. Also, market conditions and even the area in which you sell may affect the price. Establishing a car's value is a tricky business. There is no standard or average asking price when selling a car.

How Many Miles Are On The Car?

There is a certain level of expected depreciation when it comes to mileage. However, this varies. For example, a small economy car with 100K on the clock has a far lower car valuation and retail value than a 4x4, jeep or SUV with 100K on the clock.

People who know about cars will also understand the nexus point on a car’s value. It is the point in the car’s lifetime when it starts needing some of its bigger repairs, like a gearbox, exhaust, etc. For example, the old Smart Car roadster needed its biggest repairs at around 70K miles. A savvy car buyer who sees a Smart Car roadster at 80K with a recently replaced gearbox and exhaust will value the car far more highly than one at 70K miles with no major repairs in the last few years.

The Wear and Tear Damage

This is perhaps where all the car experts like to pipe up with their opinions on pricing information. They will tell you things about the wear on a steering wheel, and how rust in certain places means that the old driver used to speed. And, how you can tell if the previous owner used to hit the curb with the tires. Yet, simple wisdom is still the best in this case.

How Much is My Car Worth?

Getting a good price is often about finding the right portal for your sale. Back in the day, the portal of choice was classified ads. Then, for the longest time it was eBay. These days, the best portals and platforms are independent companies with easy accessibility and significant buying power. Companies like https://www.imxauto.com/ offer the best prices for people who do not have weeks and weeks to negotiate the best prices and are willing to pay more for your vehicle than other auto buying centers. Visit IMX Auto to get a fair and competitive price on your vehicle and sell it the same day you come in.

There are a few things that bother us electric car owners. The first is that electric cars may soon be a fad, which means we are stuck with thousands of dollars worth of nothing in our drive. The second botheration is the fact that electricity prices are so high that it is cheaper to run a gas-powered car. Finally, we worry about range. We don't want to go driving and find ourselves stuck in the wilderness with nowhere to charge the car. When faced with the range conundrum, most of us figure we should charge our cars every day, but is this necessary? Are our charging cycles good for the car? Should we be doing something else instead?

What is Your Car’s Range?

Should you buy an electric car? They are pretty polluting to manufacture and dispose of, and they add a significant amount to your electric bill. Another concern is that the car’s battery will run out of power too quickly. However, the “Range” concern is far less worrisome than most people realize. The range on your car, especially something like a Tesla, is pretty darn good.

Check out the manufacturer specs, and even if you knock 10% off their estimate because of the added weight of you and your family, and then knock a further 20% off their estimate because big companies lie, then you are still looking at over 150 miles per charge. When most people only travel around 40 miles per day, you are looking at a very tasty car range. In truth, you could probably go two or three days without charging your car.

Will Charging The Car’s Battery Damage Its Lifespan?

This is a tricky one because technically yes, charging lithium-ion batteries every night will damage their lifespan and long-term battery capacity. But, it sounds far worse than it is. Home charging every night is not the same as setting a firework off in your car’s battery. It only has a tiny effect on the overall health of the battery. You can think of it as wear and tear.

To put it more fairly, charging your electric car every night is not going to damage its lifespan in the traditional sense, but it may make it more difficult to super-extend your car’s battery life.

Recently, the US federal government mandated that manufacturers offer a minimum of an 8-year/100,000-mile warranty on electric car batteries. This policy was put in place to help stop the influx of cheap and nasty batteries that left people stranded and were an environmental hazard.

Even if you charge your battery every day, it must still survive at least eight years or 100,000 miles. Having to replace a battery after eight years may seem unfair, but almost every gas-powered car needs some serious mechanical work after 100,000 miles or eight years.

Should I Charge My Electric Car Every Night?

No, you shouldn't. Even if you rule out the point about battery degradation, electric cars, and plug-in hybrids have miles of range statistics that cover daily drives, and the Tesla Model 3 covers most road trips.

According to the US Department of Transportation Federal Highway Administration, the average driver clocks up 14,300 miles annually (roughly 275 miles per week). Data from the Environmental Protection Agency shows that the longest-range EV can reach or even exceed that distance on a single charge. Even electric vehicles with shorter battery ranges can manage the typical daily driving distance of 39 miles per day.

Plus, you can lower your range anxiety a little bit by remembering there are still plug-in charger stations dotted around the country. If you are super concerned, you could look up a few public charging stations in your general area and on the way to your road trip. You don't need a full charge in your EV battery every time you leave the house. Just like gas-powered cars don’t fill up their tank every day.

Your battery is under the most strain when it is having energy drawn from it at a massive and sustained rate. However, in terms of battery charging, fast charging, and so forth, two things are more stressful on your battery. When your battery is fully charged and when it is at zero charge, it is under tremendous stress.

It isn't battery breaking, but EV drivers who leave their car fully charged or fully emptied are not doing their battery any favors. It doesn't do your battery any harm in a realistic sense, but in terms of what is right and wrong for your battery, leaving it for too long at 0% or 100% is not great.

Should I Be Home Charging Every Night?

If you are planning on using your car tomorrow, then do a little home charging tonight and get it to 100% if you wish. However, if you are not planning to use your car for a while, then don't charge it up to 100% tonight. Wait until the night before you intend to use your car. Don’t leave it at 0%, but don't be in a big rush to charge it to 100%.

Should you charge it to 100% at recharge stations, gas stations, and off-site areas? Yes, of course, you should (if you are able). When you charge at an electric car charging station, you drive off in your car and keep using your battery. It only stays at 100% for a few minutes, which is fine. Again, don't worry if your car is at 100% for too long, your car’s battery will still last 8 years. It is just not great for your battery over the very long term.

Should I Just Charge to 80% or 90%?

Yes, you may lower the life expectancy of your battery if you charge it too often and too much, but life is way too short to be worried about charging your car too much and too often. Take the advice of this article, charge to full power when you need it and forget the rest.

Range anxiety is only for new electric car owners. After you have had your car for a while, you will get to learn how far you can go, you will get to learn how far a 20% charge will take you, and you will learn all the places you can get rapid charging so that you never become stranded. Plus, in a few years there may be EV charging stations on every street corner, so seriously, try not to worry yourself about these sorts of things. At the very least, don't be that person who sets their timer to stop their charger before their battery reaches 100%. If you are cool enough to buy an electric car, you are cool enough to charge it when needed and quit your worry fussing.

Conclusion – The Power of EV Batteries

There is an uncomfortable truth that needs to be dropped here, and that is that electric cars are not good for your wallet or the environment. The cost of electricity is far too high at the current time of writing and is only getting higher, and the cost of alternative solutions such as solar panels to charge your battery will never pay for itself over the lifetime of your car battery. There is also the fact that car batteries are devastating the environment in ways that we will suffer for hundreds of years.

However, do not let this dissuade you from buying an electric car. The fact is that modern batteries and future batteries will come to the rescue. Just think about how far batteries have come over the last twenty years - from cellphones and battery packs the size of a brick that only held a charge for two hours, to batteries so powerful, small, and light that they can power drones that can reach the top of the tallest building.

Batteries are only going to get more efficient and lighter. Improvement in battery management systems will mean less charging in cars, fewer materials being used, longer-lasting batteries, and fewer charging sessions. We are currently at the cusp where EV batteries can last a good eight years and make electric cars expensive, but still economically viable.

In just five to ten years, electric cars may be less polluting and cheaper than fossil fuel cars. They may last longer, pull harder, speed up faster and go for longer, and this is all due to improvements in modern batteries. The innovative battery technology they use in your next Smartphone may one day build the groundwork for electric planes. The future of PHEVs is unclear, but thanks to innovations in battery tech, you shouldn't rule this pony out of the race just yet.

At IMX Auto, we buy and lease a wide range of electrical vehicles. If you’re looking for an all-electric vehicle or plug-in hybrid, we can help.

For many young people, buying your first car is seen as one of the great rites of passage that is a step into the next stage of freedom in your life. Once you have your own car, the world is quite literally your oyster and there is nothing to stop you from finally taking all of the trips that you never could before!

Even if you are not so young, your first car is still a milestone. As a mature adult, becoming a first-time car owner might be due to a significant circumstance that heralds a new chapter in your life.

Of course, securing your very first car is not something that should be taken lightly, as there are plenty of issues of ownership that you need to make sure you check out before putting pen to paper on any car purchase.

Car buying is one of the most fun and interesting things that a person can do for themselves, but at the same time, it is also a task that demands thorough care and attention with countless different details to consider.

From interest rates to down payments, credit scores to car prices and financing options to gas mileage to deciding on what kind of car you even what to test drive, there is so much to address!

We are here to help you through the process to ensure that you end up with a new vehicle that perfectly suits all of your needs, one that you will be proud to post all over your social media!

With all of this in mind, here are ten top things that you should be considering before you make the decision to buy your first car.

1. Set A Realistic Budget

It can be very easy to get carried away when you visit a car dealership and see everything that is on offer, but you definitely need to make sure that you select a vehicle that has a manageable purchase price for your personal circumstances.

You need to be realistic about your life situation right now because not everybody has a sufficiently good credit report to be accepted for a car loan that might make a more expensive purchase possible.

You will probably need to make the big decision of whether you can afford a new car or will have to set your sights on a used car as your first vehicle.

Have a good look at your finances and decide on a realistic figure you can afford. You shouldn't stretch yourself too thin just to become a car owner.

2. Be Aware Of Your Monthly Expenditure

Your realistic budget should be based on the monthly payment you are comfortable with. Remember, the finances of being a car owner aren’t just related to the purchase of the vehicle. There are running costs including insurance and fuel to add to your regular monthly expenses.

The last thing you want to do is fall in love with a new or used vehicle only to find that you can’t afford it, so relay your monthly payment information to the dealer and they will help with a selection of options that fall within your price range.

3. Figure Out What Your Transportation Needs Are

Don’t just go on the lot and find the best car, you need to make sure that you find the best car for you.

Think about your lifestyle and your day-to-day activities, and then find a car to match those needs. For example, if you need a car because you need to ferry the family around, then consider an SUV or minivan. If speed and solo travel is more your style, then perhaps a sports car could fit the bill. If you want a vehicle for your business, maybe a car with a large capacity trunk is what you look for.

The car buying process is all about find a car online or at the car dealers that will fit the best into your lifestyle, not necessarily just picking the most impressive model available.

4. Prioritise Your Wants

Think about all of the things you are looking for as a first time car buyer and then rank them in order of importance. It might be fuel economy or a large engine, for example. Maybe you are dead set on an American-made model rather than an import.

Take the first three or four on the list and relay them to the car salesperson, and they will be able to point you in the right direction. There is no point in stretching your finances in order to afford a car that isn’t even the best fit for you.

5. Do Your Research Beforehand

It is always best to go car shopping with some knowledge of what you are looking for because that is the best way to protect yourself from being taken advantage of.

This is especially important if you choose to buy from a private seller rather than a car dealer. Private sellers are not necessarily as forthcomingly honest as professional car salesmen.

If you are clued up before you start the process, then you will at least be able to make a considered judgment.

If you are a complete novice, it is advisable to take someone with some knowledge or experience along with you. You can also engage a mechanic who can check over any vehicle for you before you make a decision.

6. Use A Conveniently Located Dealer

There are literally thousands of car lots to choose from across the country, but the best thing to do is to pick a place located a convenient distance from your home.

There are a few different reasons for this. For example, it is helpful to be close by should you need to invoke the warranty for any reason. It is also easier to take a test drive.

Another benefit of being connected to a dealership nearby is that it is easy to get to if you ever want any upgrades.

If you are relying on finance of any kind, buying from a dealer is a much easier transaction than buying from a private seller. If you buy privately, you might be able to negotiate on price but you will have to have the money ready to make an immediate payment in full.

Dealers are most often affiliated with one or more lenders such as banks, local credit unions and finance companies so are able to deal with the transaction from start to finish with the option of an auto loan and monthly payments.

7. Always Take A Test Drive

You absolutely need to take a test drive of any car that you are seriously considering purchasing, this is just pure common sense!

It is good to be able to get a feel of the vehicle and experience all of the various safety features before you commit to a purchase.

If you wish to buy online, ensure the seller offers a test drive period. This is usually up to a week after delivery. Good and reputable online car sellers will deliver the car and pick it up should you deem it not suitable.

It is also important to see and comprehend the vehicle history report

8. Make Sure To Determine The Proper Purchase Price

Take your time to shop around and see what your desired car is worth before settling on the first one you see. You might find a better deal by looking through all your options!

9. Understand All Of Your Financing Options

Compared to 50 or so years ago, financing options are much more varied and accessible now than they used to be.

Sure, if you can pay cash outright for a new car, then that is definitely the cleanest way to go about it, but that just isn’t a realistic option for most people who need to juggle their finances from month to month.

What kind of finance you are offered will depend on a number of factors including your credit history, amount of savings, job security, and what kind of deals and car payment options your dealer offers. If you want to add car insurance to the mix, then that can also be something to connect with your financing options as a wider package.

The thing to remember is that you should never let a dealer trick you into thinking that paying cash upfront is the only way to do it!

10. And Finally, Remember To Enjoy Yourself!

One of the biggest incentives for passing your driving test is to one day finally be able to buy your very own car, so make sure that you savor the moment!

There might be large amounts of money being transferred, more money than you have ever spent on anything in your life, but try to see the excitement in the process as well as the more serious parts. You are about to get your very first car, it is a huge, memorable moment!

If you want a hassle-free experience for your first car purchase, IMX Auto offers leasing on any make or model. Contact us today to get a quote! 

The last two years have been a turbulent time for the motor industry and the nation’s drivers and commuters. Firstly, the Covid pandemic kept everyone at home and a lot of people have taken advantage of the general shift to working at home. Then Russia invaded Ukraine throwing the world’s fuel supplies into crisis. Already under pressure from a strong economic recovery following the pandemic, oil prices skyrocketed to over $110 per barrel. The knock-on effect on gas prices only exacerbated what for many Western countries is being seen as a cost of living crisis.

Fuel economy has become a major consideration for people looking for a new car or a replacement for an old vehicle. Fuel-efficient cars are probably seeing a greater focus now than at any time in the past. A fuel-efficient car, especially considering gas mileage, is going to help you control your fuel bills.

Savings are applicable when you chose a brand new or a used car that is proven to be fuel-efficient. In this review to identify the most fuel-efficient cars, we will ignore plug-in hybrids because it is difficult to compare accurately with conventional vehicles, and also we will not be including SUVs and trucks.

The ranking system we have used is based on the combined EPA-estimated fuel economy for each car. For each car chosen, particularly those where there may be several fuel-efficient variants, we have picked the most fuel-efficient model.

Most fuel-efficient conventional gas-powered cars

Although not the most environmentally friendly option, gas-powered cars are generally cheaper to buy than hybrid cars.

Mitsubishi Mirage

Starting MSRP of $14,295

Fuel Economy

• Combined - 39 MPG
• Highway - 43 MPG
• City - 36 MPG

A new Mitsubishi Mirage hatchback with CVT (continuously variable transmission) is currently the non-hybrid vehicle with the best fuel economy on the market as well as being one of the cheapest. Sadly, there is a trade-off for what is, frankly, very impressive gas mileage. The Mirage has a 3-cylinder engine that only produces 78 horsepower so if you’re going to choose this subcompact car for its fuel economy don’t expect a powerful drive and be patient when driving inclines or entering a highway.

Hyundai Elantra

Starting MSRP of $19,650

Fuel Economy

• Combined - 37 MPG
• Highway - 37 MPG
• City - 33 MPG

The Elantra is the second smallest sedan in the Hyundai stable (the smallest is the Accent). If you don’t mind the compact size, the Elantra’s fuel economy will definitely save you money at the pumps even if it has an engine that only delivers 147 horsepower that’s not going to have you leave anyone on the line at the stop light.

Kia Rio

Starting MSRP of $16,150

Fuel Economy

• Combined - 36 MPG
• Highway - 41 MPG
• City - 33 MPG

This slot could easily have gone to the Hyundai Accent because it has the exact same EPA rating as the Kia Rio but including the Rio presents you with a wider range of options. The Kia Rio model to choose to get the best fuel economy is the four-cylinder engine with CVT that delivers 120 horsepower. A good choice if you’re a commuter with a stretch of highway driving.

Honda Civic

Starting MSRP of $21, 250

Fuel Economy

• Combined - 36 MPG
• Highway - 42 MPG
• City - 33 MPG

With its average starting price of over $21k, the all-new for 2022 Honda Civic is one of the most expensive compact cars. The 2022 model is also currently only available as a sedan with no hatchback option. The best option for fuel economy is the EX trim (mid-tier) powered by a turbo engine delivering 180 horsepower.

Toyota Corolla Hatchback

Starting MSRP of $20,825

Fuel Economy

• Combined - 35 MPG
• Highway - 41 MPG
• City - 32 MPG

The Corolla has never really won fans in the style stakes and has so often been unflatteringly called an appliance rather than an automobile but you can’t deny its standing in the fuel economy stakes. This applies to the automatic hatchback model with CVT. Avoid any Corolla model with six-speed manual transmission because this can negatively affect the combined MPG by more than 10 percent.

Most Efficient Gas-Electric Hybrid Cars

Combining an internal combustion engine with an electrical battery may involve higher upfront costs but there are greater rewards because you save money on gas. In general, as a class of automobiles, hybrid vehicles are much more efficient than conventional cars. Another bonus is that all-electric cars (including hybrids) have much lower emissions than conventional cars.

Hyundai Ioniq

Starting MSRP of $23,600

Fuel Economy

• Combined - 59 MPG
• Highway - 59 MPG
• City - 58 MPG

Performing as equally well on fuel economy in both the city and on the highway, the Ioniq is also attractive to the car-buying public because its base price is among the lowest for hybrid cars. If you drive a lot and want to limit the number of stops at gas stations, head to the dealership for a Hyundai Ioniq because it truly is the champion of fuel economy. The car is powered by a four-cylinder/104 horsepower engine and a 43 horsepower electric motor.

Toyota Prius

Starting MSRP of $24,525

Fuel Economy

• Combined - 56 MPG
• Highway - 58 MPG
• City - 53 MPG

The hybrid model that kicked off the hybrid revolution has managed to maintain such a decent fuel economy despite the increasing competition that it deserves its second place in the rankings of the most fuel-efficient cars. The Eco trim delivers the maximum mileage but if you want the all-wheel-drive option, you’ll have to sacrifice just a little of the MPGE.

Hyundai Elantra Hybrid

Starting MSRP of $23,750

Fuel Economy

• Combined - 54 MPG
• Highway - 56 MPG
• City - 53 MPG

Cementing Hyundai’s place as providing some of the most fuel economical cars on the market regardless of how the vehicle is powered, the Elantra Hybrid is less conventional-looking than the Ioniq. The attractive-looking sedan benefits from a combined 139-horsepower powertrain and favors a smoother dual-clutch automatic transmission over a CVT. For the best mileage, choose the Blue trim.

Honda Insight

Starting MSRP of $25,210

Fuel Economy

• Combined - 52 MPG
• Highway - 55 MPG
• City - 49 MPG

Honda aficionados and industry experts will recognize that the company has put an Insight nameplate on a car that is essentially a Civic hybrid. You might say that the Insight is a tenth-generation Honda Civic in disguise. Whatever way you look at the aesthetics, the fuel economy speaks for itself. For the best MPGE, go for the base LX or the mid-tier EX trim.

Toyota Corolla Hybrid

Starting MSRP of $25,210

Fuel Economy

• Combined - 52 MPG
• Highway - 52 MPG
• City - 53 MPG

Yes - the car that many people love to hate appears again in this list, this time in its hybrid form. One of the few cars (and the only one on our list) to perform better in the city than on the highway, you still have to love the bulbous body style of the Corolla to take advantage of its excellent fuel economy. This sedan-only model uses the Prius powertrain.

You may have noticed the dearth of American-made cars on this list that is dominated by Japanese manufacturers. According to all statistics, Honda is the most fuel-efficient manufacturer across all types of cars. If home automakers are important criteria for your vehicle choice, for the most fuel-efficient cars made in the USA, you need to look at the various models of the Chevrolet Bolt and the Ford Escape Hybrid.

If you’re looking for a new car and fuel economy is top of your list of priorities, any of these cars fit the bill. If you’re also looking for a great deal that saves you money overall, these models and more are all available for purchase brand new and for lease from IMX Auto.

If you’re upgrading and have a car to offload before getting a new one, you can talk to IMX Auto. We offer the industry’s best buy-back prices on all makes and models, including those with less desirable fuel efficiency ratings.

Sell Your Leased, Purchase or Financed Vehicle to IMX Auto in Burbank 

Looking to sell your vehicle? We got you covered, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

Among the midsize SUV community, there is a special and unique feature that not many people talk about when browsing for a new vehicle, but that is extremely important both in terms of overall car space and passenger comfort.

We are talking, of course, about the factor of third-row legroom! Once upon a time, this kind of space in an SUV was reserved only for the largest examples of this car genre, but great leaps forward in design and technology now mean that there are plenty of midsize SUVs that are able to offer that extra bit of comfort and carrying capacity for both the driver of the vehicle and the passengers that are coming along for the ride.

It might seem like an easy design challenge to achieve a car interior that can strike a balance between comfortable seating and decent cargo space, but years’ worth of new releases have shown us that clearly isn’t the case.

Many SUVs over the years have been built with a much smaller third-row space than most drivers and customers would ideally like. What this means in practical terms is that more SUV shoppers end up having to compromise cargo space if they want to give their passengers more spacious legroom, or vice versa.

For most SUVs, extra space can measure up to 200 inches of legroom, and this will definitely start to eat into your trunk space behind that final row of seats. However, all is not lost!

There are some three-row SUVs on the market at the moment that have been celebrated for having the perfect combination of both storage space and legroom. If an SUV can achieve this crossover success in a comfortable, reliable, and, importantly, fuel-efficient manner, then you can feel like you have found the holy grail of haulers!

With all of this in mind, we have put together a rankings list of SUVs that have enviable and spacious third-row seats. These are:

1. Buick Enclave
2. Kia Telluride
3. Honda Pilot
4. Toyota Sequoia
5. GMC Yukon XL
6. Volkswagen Atlas
7. Volvo XC90
8. Chevrolet Traverse
9. Ford Expedition
10. Acura MDX

As we are sure you are aware, all of the SUVs listed above come in a range of models and model years, ranging from full-size SUVs to mid-size to sub-company if you aren’t too concerned with overall cubic feet volume.

Let’s take a close look at each of these luxury SUV choices, with the all-important roomy rear seats being the main focus.

Buick Enclave

If performance and comfort are two things that you look for in a vehicle with off-road potential, then the Buick Enclave Crossover will definitely not disappoint you. The Enclave offers a super spacious interior with third-row seating that offers 33.5 inches of legroom and even more hip and headroom.

With large side door openings, access to this spacious third-row seating is very easy, and the Buick Enclave also adds a number of luxury features such as Apple Carplay, and great safety features to protect the family. The premium Avenir trim level is unrivaled when it comes to back seats.

Kia Telluride

The Kia Telluride regularly tops the list of SUVs that are completely family-friendly when it comes to comfort and style. Stunning to look at both on the inside and the outside, the car has powerful horsepower, great towing capacity, and a great cargo capacity, not a trio that you will find in many compact SUVs.

With a decent starting price and good fuel economy, this really does rank among the best 3-row SUVs, and smart features like touchscreen controls certainly don’t hurt its appeal to the modern driver.

As well as excellent third-row legroom, this vehicle offers 31.4 inches of headroom and a huge 43.7 inches of hip room.

Honda Pilot

This three-row crossover SUV first hit the roads in 2003, with people particularly loving its premium interior features and top-of-the-line efficiency.

Though it isn’t a minivan, the Honda Pilot's third-row boasts 31.9 inches of legroom. Not bad for a vehicle with a turbo engine! This is a hauler that is family-friendly whilst also providing a platinum-level driving experience.

Toyota Sequoia

The Sequoia is one of the largest Toyota SUVs from the Japanese manufacturer, which perfectly explains why it offers so much third-row leg room. Unbelievably, the Sequoia beats peers like the Toyota Highlander, Subaru Ascent, Chevrolet Tahoe and Mercedes Benz, Nissan Pathfinder, and Mazda CX-9 in legroom capacity.

The numbers are huge all-round, with shoulder space of 66.4 inches and third-row hip room of 50.4 inches. Let’s not forget to mention the 381 horsepower and modern infotainment system. The former will keep the driver happy and the latter will keep the kids in the back even happier!

GMC Yukon XL

For an SUV choice that is both stunning to look at and offers top-of-the-range performance, you can’t do much better than the GMC Yukon XL. In particular, the 2019 models have been celebrated as real works of art both on the inside and outside. There is something very enticing about a car design that remains classy yet still has a body that is ideal for off-road activity.

Whether you want a good SUV for long-distance travel or for a local city work commute, the Yukon XL is ideal for both types of journeys. It has an expanded chassis that enables passengers with long legs to sit comfortably for many miles. In terms of the stats, the XL has 36.7 inches of third-row legroom and a whopping 41.5 cubic feet of cargo capacity right behind it.

Volkswagen Atlas

The VW Atlas was originally released in 2018, but the 2019 model is the SUV crossover that boasts the kind of third-row legroom that we are interested in. The vehicle is based on the signature VW unibody design that you will recognize on the Passat Sedan.

The Atlas adds 37.6 inches of legroom in its third row, and it even has a 60/40 split-folding bench on its second row which is something that not all of the SUVs on this list can claim. Even in this spilt folding configuration, access to the third row is incredibly simple thanks to sliding between the seats. Even a tall passenger will be able to comfortably sit in a third-row seat in a VW Atlas.

You can choose between two different engines on this model, a 2.0 turbocharged 4 cylinder, or a 3.6 l VR6 gas direct injection non-turbo engine. The standard front-wheel-drive offers some of the smoothest handlings of any of the suggestions on this list.

Volvo XC90

When it comes to style and luxury mixed with high engine performance, Volvo is a company that never lets drivers down. The Volvo XC90 in particular is a vehicle that delivers extreme comfort, extreme ease of handling, and extreme cargo space!

Packed with luxury design and high-tech features, the space-conscious model has 31.9 inches of third-row legroom and 46.9 inches of shoulder room. This provides an all-around super-comfortable experience for anybody traveling for extended periods of time in that part of the vehicle.

Chevrolet Traverse

One of the largest SUVs currently on the market, the Chevrolet Traverse measures more than 17 feet in total length! There is a thin line between an SUV and a minivan, and you could argue that the Traverse sits right on that line!

Every passenger gets treated to great legroom in this Chevy, with the third-row legroom measuring 33.5 inches. The cargo capacity is also something to shout about, with a total volume of 23 cubic feet behind the third row.

If you are looking for a car that definitely does not compromise performance for comfort but can rather achieve both effortless, then the Traverse might just be the one for you. With ample clearance from the road surface and a high-tech suspension system, the Traverse is about as comfortable as its gets in the world of high horsepower SUVs.

Ford Expedition

When it comes to ample legroom, something like the Ford Expedition fits the bill for an SUV that is super stylish and super comfortable at the same time. The 2019 model in particular adds plenty of space in the back, with 36.1 inches of rear legroom and 40.9 inches of hip room.

The Expedition has the second-largest amount of shoulder room on this list, with 64.3 inches. Accompanied by 37.2 inches of headroom, the Ford Expedition offers one of the most luxurious and comfortable rides for both the passengers and the driver.

Acura MDX

The final model on this list is the Acura MDX, a great midsize SUV that offers really comfortable legroom race on the third row. Another vehicle that succeeds in combining massive performance with massive comfort and style is a winner in our minds, and the Acura definitely achieves that balance.

With third-row legroom measuring 29 inches, there are some cars on the list that might offer more inches of legroom, but for a midsize SUV, this is still a good amount of space. Add to that that 18.1 cubic feet of cargo space behind the third row and you start to understand the value of a midsize option like this.

Benefits Of Having Extra Third Row Legroom

So, now that you have a long list of superior SUVs to choose from, let’s finish with a quick rundown of some of the best benefits of having all of that extra cargo capacity and legroom. Some points are obvious, others perhaps less so, but they all come together to prove just why you should seek out an SUV with great third-row legroom.

• A More Comfortable Journey For Passengers

When you are driving, you are almost in a different zone from your passengers. For those traveling in the back seats, the difference between no legroom and plenty of legroom is palpable. You will have a much more comfortable experience all around if you enable your passengers to travel in luxury!

• Better Resale Value

When the time comes for you to sell your current SUV in order to upgrade or maybe even downsize, having so much extra third-row legroom will make a difference in terms of the resale value that your car will have on the second-hand market. It is a definite selling point. Our lives are only going to get busier and fuller as the years go by, and somebody will be looking for a stylish SUV that looks great but still boast a lot of the practical elements that most people want in a vehicle.

Final Thoughts

When you are shopping for diamonds it's all about adhering to the ‘4 Cs’ rule, and you can think about SUV hunting as the ‘4 Cs’ as well, but in a slightly different way! We’re talking about comfort, class, convenience, and cargo space. If you can find an SUV that offers all of those factors in varying degrees, then you can be sure that your vehicle is going to provide you with many years of driving satisfaction.

SUVs are intended to give drivers a family-friendly vehicle that is ready for adventure at any time, and has something that you know is going to keep your passengers comfortable even as far back as the third row, whilst still being able to throw all of your luggage in the ample cargo space is absolutely ideal.

No matter which vehicle on this list you end up choosing, there is no doubt that you will be happy with your purchase!

Sell Your Leased Vehicle to IMX Auto in Burbank 

Looking to sell or trade in your vehicle? Look no further, contact IMX Auto today! Call us at 818-873-2070 or visit us at 811 N Victory Blvd in Burbank, California. Our helpful team is standing by to help you easily end your current lease and make sure your next vehicle is your best yet.

It seems mind-boggling that the car and truck leasing industry is booming. Why is it that people are choosing to lease vehicles when they can buy them new or second-hand? The downside to leasing is that after paying months or years on a vehicle, you have nothing to show for it at the end. However, the more economically-minded are discovering that their sum value per dollar spent is actually far better when they lease rather than when they buy.

Starting With The Math

Let’s say that you want to buy a Nissan, and it costs you around $21,595. A deal for leasing for three years would come to around $9,071.16, which includes taxes, the initial amount, and so forth.

A generous depreciation rate would be 46%, though, in reality, it is often higher. Meaning that the resale value of the car by the end of that three years is $11,661.30, meaning that the car lost $9,933.70 from its original value.

Buying, and assuming you sell the car after three years, you spend $10,308.70. But, leasing for three years only costs $9,071.16. The question then comes down to simple math. Would you like a car for three years to cost you 9K or 10K?

Some may say that somebody could keep a car in good condition for ten years and get the best possible value, but they would be wrong. The only way to get better value for your money is if you buy a used car or second-hand car with around 20 thousand miles on the clock, and then keep that car for ten years. Only under those circumstances do you come out noticeably ahead in terms of value for money.

Lease Obligations Do Not Show as Debt

This is a massive feature for some people when it comes to getting a new car. Most people are in massive amounts of debt. It is the nature of the game. Over the last 20 years, it has become easier and easier to get credit for everything from a car loan to a new holiday, and people have been taking them. Promises of low monthly payments and no down payment have lulled people into debt. They don't want anything else on their credit report, so when they see that a lease term doesn't count as debt on their credit report, they choose a car lease rather than an auto loan.

Lease Payments Can Be Considered Business Expenses

This is a massive benefit for some people, especially since many people are self-employed and/or working from home. People are able the get a new vehicle with all of its warranty promises for fairly low lease payments, and then pass them off as business expenses.

Even if they do not get lower monthly payments for their leased car, it is easier to pass off a lease deal as a business expense than it is when they buy a new vehicle from a dealership. In most cases, people who buy a car have to split their usage amount 60/40 for home and business. Whereas auditors will more easily accept that your monthly lease payments are at least 90% business use cases. This is one of the biggest benefits of leasing for small business owners, freelancers, and self-employed people.

Are There Any Downsides or Cons of Leasing?

As for the cons of leasing, they are surprisingly similar to the downsides of buying. For example, wear and tear may be a problem, but it is just as much of a problem when you buy the car and want to sell it after a few years.

At the end of the lease, you may have nothing to show for your money, but if you sold your car right there, you would still have nothing to show because you are just recouping the massive amount you spent in the first place. The residual value of the vehicle goes down very quickly.

One could complain about the payments and interest rate issues that come with leasing, but the same is true if you struggle with your loan payments to pay for your car. The lease contract says that the lessee has a mileage limit, but you can set your mileage limit before you lease the vehicle. Plus, even if you had a new car, if you are doing a lot of miles, then that too is reflected in its resale value, so the numbers balance up in the end.

Some complain that they do not have the credit score for a leased vehicle, but the leasing companies are no more vindictive than a lender and loan term setter when you buy a car. In fact, financing options are often worse than car loan and car lease plans.

Buying the Leased Car At the End of the Term

Some people have a hard time saying goodbye. There is no real benefit to buying the car from the leasing company at the lease end, but it may save you the hassle of buying your next car or next vehicle. Though that is not the real reason why people buy their leased cars. In most cases, people who buy their leased cars are ones who have made memories in the car, who have come to rely on the car, and who do not want to give it up. In reality, being able to buy the leased car at the end of the term, for the Blue Book value of the vehicle, is a pretty good benefit. It may not offer fantastic value for money, but it is a handy perk nonetheless.

Some say that a leased car is not worth the purchase price because of the excess mileage and excessive wear that comes with leased cars, but that is not the case. They are mistaking the way people treat hired cars with the ways they treat leased cars. Car buyers are not doing donuts in the Walmart parking lot with their leased car. They may be doing such things with their hire car, especially if they paid for the damage insurance upfront. But, in most cases, car buying and car leasing people take care of their leased car, they stick to the number of miles they signed up for, and they take good care of their vehicles.

The Lesser-Known Benefits of Leasing

You can often pick your own down payment to make before you lease your vehicle. Similar to when you get a car loan, you can sometimes make part of the payment beforehand and then make lower monthly payments as time goes on. The only downside is that you cannot trade in your car for its trade-in value and use that as your down payment.

When you lease a car, you get all the accessibility features, you can pick your number of yearly miles, and you get all the modern safety features. One of the best reasons to either buy or lease new cars every four years is because of new safety features, and because car payment companies and car insurance companies will go a little easier on you. That is unless you are leasing luxury cars, in which case your car insurance will be pretty high.

When you lease and car, you don't have to worry about gap insurance, the purchase price, or even the monthly costs beyond the lease period payment agreement. There is often some pretty tasty lease offers on the table, and some manufacturers offer incentives for people to lease their cars rather than buy them.

Are Lease Payments Less Than Traditional Car Loan Payments?

In some cases, if you have a good credit rating, you can get a car loan or a regular loan for less than what it costs for a car lease. However, this does not change the value of money you are getting for your car. When you buy a car, you are losing out due to depreciation, and nothing changes in that regards even if you get a good loan deal.

If you have a bad credit rating or you are looking for a car financing deal, then the monthly payments and your overall payments are going to be far higher than your monthly lease payments. In fact, perhaps one of the underlying reasons why car leasing companies are doing so well is because of the massive monthly and huge interest costs that come with car financing terms. Under most circumstances, the cost of leasing is better than buying. Plus, in terms of value for money, you are often getting a better deal if you lease a vehicle rather than buy it.

If you are in the market for a new car, it is probably time to sell your old one. Whether you are looking to lease or buy a new car, selling your old car can help you finance the new one. At IMX Auto, we can give you a quote for your vehicle in 2 minutes or less, and help take away the burden of getting your old car off your hands. Visit our website to get a quote online or visit us in-store to get started!

Store Hours:

Monday-Saturday: 9:00am-7:30pm

Sunday: By Appointment Only

Address: 811 N Victory Blvd, Burbank, CA 91502