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June 21, 2021

Consider leasing when new car prices soar

  • You don't have to put as much money down, and the payments are lower compared to a loan.

    Toyota image
    The 2021 Toyota Prius Prime is a great way to reduce fuel costs, and the average lease offers an impressive 50% savings off the monthly payment if you were to finance.

    New and used car prices remain high as a global semiconductor chip shortage, combined with increased consumer demand, has caused a shortage of vehicles on dealer lots. The situation is expected to last many months, making it hard on people who are in need of a car today.

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