Does uQuote work for leases as well?
Yes! There are two primary components of your monthly lease payments: 1) the nominal sale price and 2) the residual percentage. uQuote helps you get a competitive sale price (#1).
Why do car prices fluctuate over time?
- Manufacturer Incentives: The base price or manufacturer suggested retail price (MSRP) doesn't change much. But manufacturers change incentives such as cash back or bonus cash.
- Demand: As demand for a given vehicle changes, the floor price a dealer is willing to sell will fluctuate.
- Stock Date: As vehicles sit for days on the lot, their economic value decreases, meaning the exact same vehicle with the same milage could be sold at a drastically lower price if it's been sitting on the lot.
Why do car prices vary by state?
This mostly comes down to taxes. Dealer taxes vary by state and those prices are often passed along to you.