February Auto Lease Prices Drop on Luxury Vehicles, Increase on Non-Luxury Brands

Several Luxury Brands Offer Discounts to New Leases While Non-Luxury Brands Retain or Increase Monthly Payments

Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of February.  Several luxury brands offered discounts on cars & SUV’s, while many non-luxury brands either increase or retained their current lease prices- encouraging shoppers to opt for luxury when possible.

The Nissan Sentra is currently priced the lowest of all vehicles, coming in at just $109 per month.  The Nissan Sentra is priced lower than the Honda Civic, which was the vehicle previously holding the lowest price for the last six months at $149.  This month, the Honda Civic increased in price by 9.17% bringing the monthly payments to $169. 

While most vehicle prices have remained steady into February, dealers have offered discounts on luxury cars and SUV’s to continue spurring interest in lease deals.  Two luxury cars and one luxury SUV have seen discounts lowering their monthly payments by $30 this February.  The Audi A6 and BMW 530i both reflected the decrease in payment, as well as the Infiniti XQ80 SUV. 

 “We’re seeing an increase in discounts and aggressive pricing beginning to permeate across cars and trucks for lease deals,” said Scot Hall, Executive Vice President of Wantalease.com. “With a slight pullback in new-vehicle sales, consumers will be increasingly on the hunt for aggressive deals on everything from small cars to large, luxury trucks and SUVs.”

The vehicle that saw the largest price drop moving into the month of February was the Nissan Frontier, with a 16.80% decrease.  The vehicle is offered at $209 per month, in comparison to last month at $269. The vehicles with the largest increased monthly payment are the Nissan Pathfinder with a 19.61% increase, and the Ford Expedition with a 11.82% increase in price from January.  The Pathfinder is currently offered at $279 per month, while the Expedition is offered for $555.

About Wantalease.com:

Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.

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