CINCINNATI — Wantalease.com’s July new lease offerings report finds several automakers offered discounts on SUVs entering the month of July, led by an “aggressive” Nissan. The Japanese factory applied discounts of $87 and $49 on its Titan pickup and Pathfinder SUV, respectively, driving the cost to lease a Titan down to $195 per month.
Analysts also noted the compact Nissan Sentra is available for just $129 per month, making it the nation’s most affordable lease for the fifth consecutive month.
“We’re seeing an increase in discounts on SUVs to entice shoppers who may be interested in a larger vehicle but want their monthly payments to remain equivalent to the pricing of many popular car leases,” said Scot Hall, executive vice president of Wantalease.com. “As the automotive industry continues to push limits in affordability, it’s no surprise consumers are prioritizing low monthly payments on new leases.”
The vehicles with the largest increased monthly payment from June are the Audi A3 (up 14.45%) and the Ford Escape (12.75%). The A3 is currently offered at $339 per month, while the Escape is offered for $249, according to the report.