Edward Wells of Chagrin Falls started leasing a 2019 Subaru Outback after turning in a 2016 model three years ago. He said he has been in a leasing cycle for years. But this time around, he’s doing something different.
This week, he bought the car instead of giving it back and he’s not the only one choosing that option. That’s also coupled with a new car shortage driving up prices and decreasing leasing incentives. In addition, it's causing a disruption in the used car market which relies on the turnover of leases. So with all that in mind, Primm is urging anyone currently leasing and near the end of their deal to start doing research and making arrangements for the next step whether that’s buying or starting another lease.
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