Wantalease.com reports the latest update on new lease offerings for the month of April, and forecasts new leasing trends for the month of May.
Ford offered the most generous discounts on their compact and mid-size cars, while most luxury vehicles and mid-size SUV brands maintained their lease prices.
The Nissan Sentra is currently priced the lowest of all vehicles for the third consecutive month, with payments as low as $109 per month. The Chevrolet Cruze and Ram 1500 Crew Cab both place second for new lease deals with payments of just $169 per month.
While most vehicle prices have remained steady into the month of May, many dealers have offered lower lease pricing on compact cars and mid-size cars.
The vehicle that saw the largest price drop coming into the month of May was the Ram 1500 Crew Cab with a -28.70-percent decrease. The vehicle is offered at $169 per month, followed by the Ford Fusion at $199 (-21.44 percent), the Ford Focus for $179 per month (-11.90 percent), and the Infiniti QX80 at $669 per month (-10.66 percent).
“It’s apparent that dealers are finding great value and opportunities in promoting lease opportunities with cars, as many of these vehicles have performance and features that rivals today’s smaller and mid-size utility vehicles,” said Scot Hall, executive vice president of Wantalease.com. “We may also want to watch how the price of gas plays a role in smaller car demand, as the price of fuel has risen a little over the last few months.”
The vehicles with the largest increased monthly payment are the Honda Accord with a +29.37-percent increase, and the Lexus RX 350 with a +10.08-percent increase in price from March. The Honda Accord is currently offered at $249 per month, while the Lexus RX 350 is offered for $429.