Latest Industry News
January 17, 2022
Posted by Chloe Taylor

Dealers Caught Inflating Prices, But Lease Brokers Squeeze Them For You

Auto Dealers hit record profits in 2022

You might have heard how car sales are at some of the lowest levels in years, and it is true. In December of 2021 sales were at levels we have not seen since December of 2014. And this is a pattern that was seen throughout all of 2021. The pandemic, changing lifestyles, work from home, less of a demand to commute and the semiconductor shortages have all led to decreased demand.

But that doesn’t mean that car dealers are struggling to make ends meet. In fact, the opposite is true. Today the average dealership is reporting a net profit of over $3 million through October for 2021. To put this in context it is double the profits of the same time period in 2020. 

Both new and used car dealerships are profiting more and more on each vehicle sold through sneaky tactics like lengthening finance terms and playing with the purchase contracts.

In 2021 the average profit per a used and new vehicle was between $3500-$4000. And in December of 2021, it was just over $5000 per vehicle!

How can this happen?

These types of inflated profits are made possible by the structure that car dealerships operate on. A car dealer is the representative of a specific make of car and can only sell that type of car.  They buy their vehicles at a certain price under contract and have no flexibility to shop around for better deals to pass onto their customers.

The inflexible pricing model starts from the top and works its way all the way down to the customers. This is true even in times like these when demand is lower and naturally you would expect prices to drop (and profits) in order to continue to make sales

Lease Brokers Pass the savings on to you!

Car lease brokers, on the other side of the spectrum, operate on a completely different model. Online car lease brokers are able to offer the lowest car lease deals, nationwide, by offering virtually any make and model of car. We are not under contract by the car manufacturers to only sell one type of vehicle. So when we get a better deal on a Honda, or a Toyota or Mercedes we have no incentive to push one over the other. We have built one of the largest networks across the country so we can get all trims of any model no matter where you live. Although our Headquarters are in NYC, we service customers from coast to coast and even deliver directly to your door.

By providing more options and more flexibility to our customers we are making the car lease markets more accessible to everyone. A more competitive market means lower prices across the board, and if a dealership doesn’t keep up, it will go out of business.

We pride ourselves in not only offering the lowest prices but also making your shopping experience as easy as possible. No tricky fine print, no pushy salespeople, and no limits.

If you are tired of the high prices of car dealerships contact us today:

VIP Auto Lease 1204 Hylan Blvd, Staten Island, NY 10305 (718) 477-7888

VIP Auto Lease
The Best Lease Deals in NY, NJ, & CT, Guaranteed.

* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
View Deals now
VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

Read & Rate Us Now By Clicking Here

© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
Mon - Fri / 10:00AM - 7:00PM
Saturday / 10:00AM - 4:00PM
Sunday / Closed
1204 Hylan Blvd,
Staten Island, NY 10305
Quick links
© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram