CINCINNATI, Ohio — New-lease marketplace Wantalease.com reported steady pricing among the nation’s most popular lease vehicles heading into January. Thirty-five different vehicles maintained their prices from the previous month, showing that lease prices are holding into the new year, analysts said.
Among the exceptions are three vehicles built by Nissan: The compact Sentra is currently priced at $129 per month, making it the nation’s most affordable lease vehicle, the mid-size Altima fell 20.2% to $179 per month, and the cost to lease a Pathfinder mid-size SUV dropped by 14.5% to $262 per month.
“Overall, lease prices seem to be holding steady, as they did last year, upon entering the new year,” said Wantalease.com Executive Vice President Scot Hall. “With tax season just around the corner, it will be interesting to see if dealers introduce new incentives to encourage tax rebate shopping on new lease offers.”
The Volkswagen Jetta registered as the second-most affordable vehicle at $159 per month. Other lease vehicles that experienced price drops in January include the BMW X5 (-16.7%), GMC Yukon (-12%), and Infiniti QX80 (-11.6%). The Chevrolet Cruze saw the largest increase in monthly payment, up 18.2% to $249 per month.
Originally posted on Auto Dealer Today