New Lease Data Forecasts Entry Mid-Size Vehicles are Best Price to Lease in the Month of December
CINCINNATI, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of November, and forecasts new leasing trends for the month of December. Ford and Volkswagen offered the most generous discounts on their entry mid-size cars, while most luxury vehicles and mid-size SUV brands maintained their lease prices.
The Volkswagen Jetta is currently priced the lowest of all vehicles, with payments as low as $139 per month. The Nisan Sentra comes in second place with new lease payments of $149 per month, followed by the Chevrolet Malibu and the Ford Fusion both priced at $179 per month.
While most vehicle prices have remained steady into the month of December, some dealers have offered lower lease pricing on vehicles of all sizes, mostly in anticipation of December and holiday specials.
The vehicle that saw the largest price drop coming into the month of December was the Ford Fusion with a -19.18% decrease. The vehicle is offered at $179 per month, followed by the GMC Canyon Crew Cab at $279.00 (-12.69%), the Infiniti QX80 for $679.00 per month (-10.55%), and the Volkswagen Jetta at $139.00 per month (-10.28%).
“We expect to see a continued drop on new lease deals for entry level and mid-size cars this December as many manufacturers make a final push to achieve 2018 year-end sales targets ,” said Scot Hall, Executive Vice President of Wantalease.com. “What’s interesting is that many of the aggressive price listings are for non-luxury models, mostly in part because manufacturers want to compete heavily against luxury holiday specials.”
The vehicles with the largest increased monthly payment are the Chevrolet Cruze with a +20.17% increase, and the Ford Explorer with a +11.69% increase in price from October. The Chevrolet Cruze is currently offered at $249.00 per month, while the Ford Explorer is offered for $359.
Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.
Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.
Press Contact: Erica OlsonMerit Mile EOlson@meritmile.com O – 561-362-8888 C – 763-458-4435