August Car Lease Prices Up 2 Percent From 2012
Prices on leases averaged $590.38 last month, up from $578.06 at the end of August 2012, according to data gathered by Swapalease.com.
CINCINNATI, Ohio — Average car lease prices increased 2.1 percent year over year based on listings entering the market during August, according to Swapalease.com.
Prices on leases averaged $590.38, up from $578.06 at the end of August 2012. The least expensive lease listed during August was a 2012 Smart Fortwo at $130.00 per month. A Chevy Volt was registered second with a monthly payment of $148.29.
Among today’s most popular leased vehicles, the average price of a Ford Focus dropped 35.5 percent from year-ago levels, with an average monthly list price of $253.88 at the end of August, down from $393.57 a year earlier. The Honda Accord declined 24.1 percent from year-ago levels, with an average monthly list price of $270.14 at the end of August, down from $359.24 this time last year.
Vehicle Lease Price Changes | |||||||
Make | Model | 13-Aug | 13-Jul | 1M Change | 12-Aug | 12M Change | |
Ford | Focus | $253.88 | $293.00 | -13.4% | $393.57 | -35.5% | |
Honda | Accord | $270.14 | $343.90 | -21.4% | $359.24 | -24.1% | |
Toyota | Corolla | $226.01 | $206.40 | 9.5% | $261.72 | -13.6% | |
Jeep | Grand Cherokee | $423.05 | $406.80 | 4.0% | $487.27 | -13.2% | |
BMW | X5 | $821.99 | $839.80 | -2.1% | $937.37 | -12.3% | |
Chevrolet | Cruze | $233.33 | $255.38 | -8.6% | $263.76 | -11.5% | |
Honda | Civic | $255.00 | $271.53 | -6.1% | $281.23 | -9.3% | |
Mercedes-Benz | C Class | $470.06 | $511.40 | -8.1% | $489.03 | -3.8% | |
Ford | Escape | $382.59 | $376.89 | 1.5% | $386.79 | -1.1% | |
Ford | Fusion | $328.92 | $312.00 | 5.4% | $325.49 | 1.1% | |
Volkswagen | Jetta | $276.89 | $286.50 | -3.4% | $272.11 | 1.8% | |
Cadillac | CTS | $519.21 | $438.05 | 18.5% | $494.73 | 4.9% | |
BMW | 3 Series | $576.32 | $553.31 | 4.1% | $547.39 | 5.3% | |
Infiniti | G37 | $455.36 | $470.80 | -3.3% | $430.50 | 5.8% | |
Lexus | IS250 | $472.38 | $429.30 | 10.0% | $440.84 | 7.2% | |
Toyota | Prius | $393.71 | $336.50 | 17.0% | $362.37 | 8.6% | |
Nissan | Altima | $330.20 | $307.10 | 7.5% | $302.10 | 9.3% | |
Audi | A4 | $515.90 | $445.00 | 15.9% | $463.57 | 11.3% | |
Toyota | Camry | $343.08 | $286.02 | 19.9% | $281.18 | 22.0% | |
Chevrolet | Volt | $383.07 | $446.20 | -14.1% | |||
Several popular vehicles have experienced price increases over the last 12 months. The Toyota Camry is currently averaging $343.08, according to vehicles listed in August, compared with $281.18 a year earlier, a 22 percent increase. The Audi A4 is currently averaging $515.90 during August compared with $463.57 during August 2012, up 11.3 percent.
“It’s interesting to watch the monthly list prices evolve for the Accord and Camry, two vehicles that compete heavily against one another,” said Scot Hall, executive vice president of Swapalease.com. “There are a number of factors that go into price changes for these and other vehicles, particularly the type of incentives offered by a specific brand at lease inception.”
The Swapalease.com marketplace records actual monthly payments based on contracts from lessees who’ve listed their vehicles for transfer each month.
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