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Several Brands Offer Discounts to New Leases in Time for Memorial Day, While Many 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 May. Several brands offered discounts on cars & mid-size vehicles, while many luxury brands either increased or retained their current lease prices- encouraging Memorial Day weekend car shoppers.
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 for the third consecutive month, which was the vehicle previously holding the lowest price for the last six months until March. The Honda Civic was priced at $149.
While most vehicle prices have remained steady into May, dealers have offered discounts on compact cars and mid-size cars to continue spurring interest in lease deals. BMW has offered the largest discounts, lowering almost all of their monthly payments by at least $30 or more in the month of May. The BMW 530i and BMW X5 50i both reflected the decrease in payment, as well as BMW 330i.
“Memorial Day weekend has historically been an important time for both dealers and car shoppers, especially since there are plenty of promotions and specials available for cars and trucks,” said Scot Hall, Executive Vice President of Wantalease.com. “We are seeing that this year will be no different, particularly for lease deals, and cars and trucks of all sizes will be offered with incentives that give consumers excitement about a new vehicle just before the summer driving season.”
The vehicle that saw the largest price drop moving into the month of May was the Chevrolet Cruze, with a -15.60% decrease. The vehicle is offered at $289.23 per month from $342.71 the previous month. The vehicles with the largest increased monthly payment are the Cadillac CTS 2.0T with a 24.65% increase, and the Ford Fusion with a 11.79% increase in price from April. The CTS 2.0T is currently offered at $607.44 per month, while the Fusion is offered for $284.53
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.