According to the U.S. Bureau of Labor Statistics, prices for leased cars and trucks were 4.27% lower in 2020 versus 2018 (a $0.85 difference in value).
Between 2018 and 2020: Leased cars and trucks experienced an average inflation rate of -2.16% per year. This rate of change indicates significant deflation. In other words, leased cars and trucks costing $20 in the year 2018 would cost $19.15 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for leased cars and trucks was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Leased cars and trucks:
Below are calculations of equivalent buying power for Leased cars and trucks, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|