While compact cars continue to have the most affordable monthly lease payment, Wantalease.com is noticing that actions by automakers to keep trucks and SUVs attractive are spilling over into trends on its site.
Wantalease.com reported that the Nissan Sentra is currently priced the lowest of all vehicles, coming in at just $109 per month for the second consecutive month. The Nissan Sentra is priced lower than the Honda Civic, which was the vehicle previously holding the lowest price for six months in a row at $149.
This past month, site officials noticed the Honda Civic increased in price by another 13.15 percent, bringing the monthly payment to $189.
While most vehicle prices have remained steady into April, Wantalease.com pointed out that OEMs and dealers have offered more aggressive lease pricing on mid-size and large SUVs, as well as small pickup and large pickup trucks.
The vehicle that saw the largest price drop moving into the month of April was the Chevrolet Silverado 1500 4WD Double Cab with a 11.99 -percent decrease. The vehicle is offered at $299 per month, followed by the Ford Expedition at $469 (down 10.57 percent), the GMC Canyon Crew Cab for $249 per month (down 9.10 percent), and the Ford Explorer at $349 per month (down 8.59 percent).
“We’re seeing an increase in 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,” Hall added.
Wantalease.com went on to mention the vehicles with the largest increased monthly payment are the Chevrolet Cruze with a 12.47 percent increase, and the Chevrolet Malibu with a 10.18 percent increase in price from February.
The Cruze is currently offered at $169 per month, while the Malibu is offered for $199.