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Chevy Cruze & Toyota Corolla Lease Drivers See Low Payments

Lease prices for vehicles on the road showed a mixed bag in May according to listings recorded by national car leasing marketplace, Swapalease.com. Yesterday’s Experian Automotive Finance Report shows leasing at 27.5% and at the highest level since 2006. What are people currently paying on their leases?

  • Lease drivers of the Toyota Corolla ($234.05) and Chevy Cruze ($214.00) reported paying the lowest average monthly payments on their leases during May, compared to $220.49 and $242.56 a year ago, respectively.
  • The Honda Civic lease price averaged $244.55 p/m during May, a 20.9% drop compared to what drivers reported they were paying a year ago ($309.13).
  • For Mid-size Cars, the Nissan Altima ($343.41) and Honda Accord ($386.37) were among the lowest average lease payments recorded by drivers during May.
  • The Mercedes C-Class led entry-level luxury cars with average monthly payments at $482.16 during May, a drop of 5.7% from year ago levels ($511.14).

“Activity on the Swapalease.com marketplace and numbers from Experian show that leasing has heated back up with a growing number of drivers taking advantage of lease contracts,” said Scot Hall, Executive Vice President of Swapalease.com. “Our monthly listings give a true reading of what people are currently paying for their leases on the road today.”

Here is the complete price breakdown of what people are paying on today’s most popular leases, according to May data from Swapalease.com:

Vehicle Lease Payments

 

 

 

 

 

Make

Model

May-13

Apr-13

1M Chg

May-12

12M Chg

Audi

A4

$495.54

$556.72

-11.0%

$454.26

9.1%

BMW

3 Series

$537.29

$569.09

-5.6%

$564.64

-4.8%

BMW

X5

$852.60

$848.89

0.4%

$814.72

4.6%

Cadillac

CTS

$468.39

$443.17

5.7%

$522.39

-10.3%

Chevrolet 

Cruze

$214.00

$274.21

-22.0%

$242.56

-11.8%

Chevrolet 

Volt

$315.76

$384.86

-18.0%

N/A

N/A

Ford 

Escape

$375.51

$321.33

16.9%

$337.70

11.2%

Ford

Focus

$303.97

$266.85

13.9%

$276.50

9.9%

Ford

Fusion

$355.42

$347.02

2.4%

$266.55

33.3%

Honda

Accord

$386.37

$276.73

39.6%

$370.57

4.3%

Honda

Civic

$244.55

$268.38

-8.9%

$309.13

-20.9%

Infiniti

G37

$444.66

$519.50

-14.4%

$497.94

-10.7%

Jeep

Grand Cherokee

$523.10

$502.99

4.0%

$388.02

34.8%

Lexus

IS250

$471.87

$490.77

-3.9%

$558.06

-15.4%

Mercedes-Benz

C Class

$482.16

$484.28

-0.4%

$511.14

-5.7%

Nissan

Altima

$343.41

$309.42

11.0%

$335.57

2.3%

Toyota

Camry

$295.71

$281.46

5.1%

$319.36

-7.4%

Toyota

Corolla

$234.05

$308.90

-24.2%

$220.49

6.1%

Toyota

Prius

$412.54

$432.00

-4.5%

$361.93

14.0%

Volkswagen

Jetta

$316.51

$315.76

0.2%

$309.55

2.2%

 

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal.

Views: 36

Tags: auto, cars, lease, swapalease

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