Frontier Leads Early Wave of Lease Price Drops
The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.
Average lease payments for the Nissan Frontier fell by an industry-high 8.6% in November.
Photo courtesy Nissan North America
CINCINNATI — Wantalease.com analysts released a report on new lease offerings for November and a forecast for leasing trends in December.
Several manufacturers offered attractive discounts and competitive pricing on compact cars and SUVs, they noted, while most luxury and full-size vehicle brands maintained their lease prices. Additionally, some dealers have offered lower lease pricing on vehicles of all sizes, mostly in anticipation of December and holiday specials.
The Nissan Sentra remains America’s most affordable lease with payments as low as $139 per month. The Ford Focus comes in second place with new lease payments of $159 per month, followed by the Honda Civic at $169 per month.
“It is clear manufacturers are making a final push to achieve year-end sales targets to close out 2019.”
The vehicle that saw the largest price drop coming into the month of December is the Nissan Frontier with an 8.6% decrease. The vehicle is offered at $271 per month, followed by the Volkswagen Jetta at $229 (-7.93%), the Lexus RX 350 for $419 per month (-6.2%), and the Toyota RAV4 at $279 per month (-5.6%).
“It is clear manufacturers are making a final push to achieve year-end sales targets to close out 2019,” said Scot Hall, executive vice president of Wantalease.com. “Just as we saw last year, many automakers continue to offer competitive pricing for nonluxury models to enable healthy competition against luxury holiday specials.”
More Auto Finance
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 →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →