Cars Lead End-of-Year Lease Discounts
Wantalease.com reports increased new-lease discounts among compact cars, full-size cars, and entry-level luxury cars in the first two weeks of December.
Wantalease.com finds promotions have driven lease pricing for the Chevrolet Cruze down to $209/month — representing a discount of 13.31% — heading into the new year.
Photo courtesy General Motors Co.
CINCINNATI — The latest report from car lease marketplace provider Wantalease.com finds several automakers offering discounts on compact cars and sedans leading up to the end of 2018. Most vehicle prices have remained steady into December, analysts said, but dealers have offered generous discounts on compact cars, full-size cars, and entry-level luxury cars.
Some notable discounts include the Chevrolet Cruze (-13.31%), Ford Focus (-8.44%), and the Toyota Corolla (-7.29%) from November. The Cruze is priced at $209 per month, the Focus is priced at $157 per month, and the Corolla is priced at $199 per month.
Despite the decrease in prices on cars, the Ram 1500 Crew Cab is currently priced the lowest of all vehicles for the month of December, coming in at just $129 per month. The Ram Crew Cab is priced $10/month lower than the Volkswagen Jetta.
“We’re seeing dealers offer more aggressive lease promotions on compact cars and sedans, further supporting that manufacturers and dealers are heavily interested in moving smaller cars off the lot to get ready for 2019,” said Scot Hall, executive vice president of Wantalease.com. “Crossovers and SUVs continue to capture the attention of the American consumer, and manufacturers are luring lease shoppers with attractive end-of-year deals to showcase smaller vehicles with lease offers.”
The vehicle that saw the largest price drop moving into the month of December was the Chevrolet Impala, with a 14.04% decrease. The vehicle is offered at $289 per month, in comparison to last month at $349. The vehicles with the largest increased monthly payment are the Ford Fusion with a 25.90% increase, and the Ford Expedition with a 9.91% increase in price from November. The Fusion is currently offered at $244 per month, while the Expedition is offered for $505.
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