Consumers in search of a sedan to serve as reliable transportation might be able to secure quite a lease deal in December, according to the latest update from Wantalease.com shared this week.
Site analysts indicated Ford and Volkswagen are offering the most generous discounts on their entry midsize cars, while most luxury vehicles and midsize SUVs have maintained their lease prices.
Wantalease.com found the Volkswagen Jetta is currently priced the lowest of all vehicles, with payments as low as $139 per month. The Nisan Sentra comes in second place with new lease payments of $149 per month, followed by the Chevrolet Malibu and the Ford Fusion both priced at $179 per month.
While most vehicle prices have remained steady into the month of December, the site pointed out some dealers have offered lower lease pricing on vehicles of all sizes, mostly in anticipation of December and holiday specials.
The vehicle that saw the largest price drop coming into the month of December was the Ford Fusion with a 19.18-percent decrease. The vehicle is offered at $179 per month, followed by the GMC Canyon Crew Cab at $279 (down 12.69 percent), the Infiniti QX80 for $679 per month (down 10.55 percent) and the Volkswagen Jetta at $139 per month (down 10.28 percent).
“We expect to see a continued drop on new lease deals for entry level and mid-size cars this December as many manufacturers make a final push to achieve 2018 year-end sales targets,” said Scot Hall, executive vice president of Wantalease.com.
“What’s interesting is that many of the aggressive price listings are for non-luxury models, mostly in part because manufacturers want to compete heavily against luxury holiday specials,” Hall added.
Wantalease.com also vehicles with the largest increased monthly payment are the Chevrolet Cruze with a 20.17-perent jump, and the Ford Explorer with a 11.69-percent rise from October. The Chevrolet Cruze is currently offered at $249 per month, while the Ford Explorer is available for $359.