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Small Car Segment Take Fastest Growing Lease Market

Small cars aren’t typically synonymous with leasing. Rather, it’s usually luxury vehicles and trucks consuming the lease contracts. However, Swapalease.com has some new data that might show that more people are leasing smaller cars.

The Ford Focus was recently named the world’s most popular car as more than a million were sold in 2012 according to Polk sales data. The Toyota Corolla, also an extremely popular car, is nipping at the heels of the Focus. Are more people leasing these cars, though? And what kind of price points can people expect to pay on today’s most popular leased small cars? According to Swapalease.com data from 2012 listings and transfer activity, the small car segment was indeed one of the fastest growing segments in the marketplace (+33%), making it a top choice compared with luxury (+38%) and truck (+26%) categories. By comparison, the small car lease segment on Swapalease.com grew a more moderate 18% in 2011.

"Smaller cars are more 'lease-friendly' products today because the higher quality production has been favorable for residuals, enabling lease deals to be more attractive for car shoppers," said Scot Hall, Executive Vice President of Swapalease.com. "What's more, these vehicles are built with more room, advanced technology and all-around creature comforts that appeal to the average car shopper."

What are people paying for smaller car leases? Below is a breakdown of the average monthly lease price for today’s most popular smaller cars according to Swapalease.com listings data:

Car

2011 Monthly Price

2012 Monthly Price

Ford Focus

$206.91

$316.73

Honda Civic

$239.56

$300.00

Toyota Corolla

$270.86

$287.04

Mazda 3

$238.70

$296.55

Volkswagen Golf

$335.36

$419.00

Ford Fiesta

$256.67

$241.00

 

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: 105

Tags: cars, lease, swapalease

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