Operating leases for companies and Novated Leases for employees are a good measure of where the used car market will likely be in say 4 years because both forms of leases are highly dependant on the residual value of the car at the end of the lease.
In 4 years time we'll be in 2027 ; not far from 2030 when it has been predicted that at least half of Aus new car sales will be some form of EV.
This begs the question......what about the value of all the ICEs that come off lease and are the leasing forecasting gurus overcooking residual values .
Up to now the deal is mostly a "put' arrangement where the manufacturer/dealer offers a guaranteed price for the vehicle at the end of the term or in the case of the Novated lease, where the employee has a call option to buy the car at the residual value.
IMO it would be interesting to hear from others who have direct experience in this gig.
