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Why Toyota and Honda DOMINATE the Car Market. 🚗 #cars #leasing #toyota #honda
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The rumor is that Toyotas and Hondas are
the best cars in the world. And if you
buy them used, they would be the best
car to get. And if you buy it used, it's
also the best because it will have
resale value.
>> True or false?
>> Toyotas and Hondas, you can't say an
investment when you buy a car because
cars depreciate. But it'll Toyotas and
Hondas do retain their value. I would
say Toyotas a little bit better than
Hondas and that's why they lease so well
because they retain their values. So
you're saying if a Mazda is going to
lease the exact same car for for $500 a
month and a Toyota's for $700 a month
and financing would be similar. If
somebody might buy out the car and then
want to flip it one day, it would be a
much better investment. Again, not an
investment.
>> It wouldn't be like that. So on on a
lease, the if we're talking about the
same car, a lot of times the Mazda needs
to subsidize highly in order to compete
with the Toyota. So the Toyota, which
let's say the Toyota will sell at MSRP
because there's a demand for that car
and the Mazda will sell it at a,000
under invoice, let's say, you'll still
have it, it'll have a difficult time
competing with the resale value of a
Toyota and it still needs to be
subsidized. So a lot of times the Mazda
would be the better deal because in the
long run it's cheaper. But you know,
when you're when you're a fan, someone's
a fan of a Subaru, someone's a fan of a
Honda, Toyota, you pay extra for that.
That's what they want.