We bought our last two vehicles off lease within the last 12 months. We did that because the new vehicles available were next to nil, and also because the interest rates were rising significantly. (Nine years ago the lease interest rate on a new Camry was about 0.2%. Almost free.)

Well, now we're glad we did. Since this is a gun forum, and many gun guys and gals also like trucks, check this out.

$1,768 a Month, with $10,407 Down, 5% APR, on a Ford Pickup? Update on Q3 New-Vehicle Finance | Wolf Street

In other words, after five years about $125K for a Ford F250 as equipped. Yikes!

Side note:

The sky-high costs of new vehicles – and the sky-high payments that they entail even at still relatively low interest rates – explain why, over the years, new vehicle sales volume in units has been a dismal affair for over two decades: sales in 2022 are on track to be where sales had been in the late 1970s.

Also remember, over the last year or so, due to the shortage of new vehicles, dealers were adding a Market Adjustment to all new vehicles. I saw ranges of +$2500 to +$5000 on top of the MSRP. In that case, the only people buying new vehicles were ones that didn't have any choice and needed the vehicle.