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This Week in Car Buying: Lexus’ New Lease; Tesla Cuts Prices Again; Transaction Prices Up; Lender Shifts to Used Cars


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Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s article, Matt covers the new short-term, comprehensive lease from Lexus that is designed to compete with subscription plans like Care by Volvo. He tells us about Tesla reducing the price of its Model 3 electric sedan by $1,100, following a $2,000 drop last month meant to partly offset the reduction in the $7,500 federal tax credit for the brand. He reports the price of new vehicles continues to climb according to data collected by Kelley Blue Book. And, he explains that another sign that 2019 may be the year of the used car is that lending giant Ally Financial has seen its used-vehicle lending grow in the fourth quarter last year while its overall auto loan activity has dropped.

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