Edmunds.com Adds Leasing Option to PricePromise
Edmunds.com’s Price Promise now delivers leasing options for dealership customers.
NEW ORLEANS, La. —Car dealers now have a new way to connect with the growing segment of shoppers looking to lease a new car, thanks to a convenient new feature from Edmunds.com, the car-shopping destination.
Starting today, dealers will make it easier for car shoppers to review the leasing terms of any new car or truck through Edmunds.com’s Price Promise. Participating dealers can easily set a promised down payment, deposit, term and annual mileage for a lease on any of their new cars posted to Edmunds.com’s inventory listings. The resulting monthly lease payment is displayed next to the vehicle’s upfront purchase price on Edmunds.com Price Promise certificates. Shoppers can download and print the certificates to lock in the guaranteed price that they can use to either lease or purchase the vehicle at the dealership.
“Price Promise made it easier to buy a new car, and now it’s making it just as easy to lease a new car,” says Edmunds.com President Seth Berkowitz. “Car shoppers are opting to lease vehicles now more than ever and there’s every reason to expect this trend to continue to grow. Dealers can attract more of these shoppers right now by showcasing guaranteed upfront lease offers through Price Promise.”
According to Edmunds.com’s transaction data, a record 26 percent of new car shoppers chose to lease instead of purchase their vehicle in 2013. The rate has increased sharply from a decade ago, when only 16 percent of all new car shoppers leased a new car or truck. Lease penetration is especially high among luxury brands. For several popular luxury models, more than half of all new transactions are leases.
“Since adding lease offers to our Price Promise program, we are seeing an increase in qualified shoppers,” says Toni-Marie DiMassimo, business development manager at Curry Honda in New York, which successfully participated in an early pilot program. “The Edmunds.com shoppers coming in our doors are real buyers, and not just tire kickers.”
More F&I

How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
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 →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →