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.
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.”