April Auto Lease Payments Down Significantly for Many Luxury Car Brands
While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.
While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.
CINCINNATI, Ohio – Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of April. Many lease payments are holding steady from March to April. Compact cars, full-size cars and large pickup lease payments all held stead while many luxury car brands decreased their payments. Certain small pickup brands and small SUV brands, on the other hand, increased lease payments.
It looks like we’re starting to see some payment increases for many vehicle segments that are in high demand and low supply at the dealerships.
This month marks a significant decrease in lease payments for many luxury car brands in recent months. The largest decreases for the month included the Infiniti Q50 with a -10.04% decrease, the BMW 530i with a -6.65% decrease, and the Mercedes-Benz E350 4MATIC with a -4.31% decrease. The Infiniti Q50 is offered at $329 per month, the BMW 530i is offered at $479 per month, and the Mercedes-Benz E350 4MATIC is offered at $569 per month.
The largest lease payment increases included the Toyota RAV4, with a 26.52% increase from March and the Ford Escape with a 19.62% increase. The RAV4 is listed at $289 per month, and the Ford Escape is listed at $373 per month.
“This was a very interesting month for many luxury car brands as they decreased their lease payments significantly,” said Scot Hall, Executive Vice President of Wantalease.com. “It looks like we’re starting to see some payment increases for many vehicle segments that are in high demand and low supply at the dealerships. Despite this, the payments listed on our marketplace remain lower than what people are finding through traditional channels today.”
Currently, both the Honda Civic and the Ford Focus are priced the lowest of all leases coming in at just $159 per month. The Nissan Sentra leasing rate continues to hold steady from last month and is listed at $169 per month.
Other significant lease decreases include the Nissan Altima with an 11.96% decrease and the Subaru Legacy with a 5.57% decrease. The Nissan Altima is now offered at $205 per month and the Subaru Legacy is now offered at $199 per month.
Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.
More Auto Finance
Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →