May Lease Forcast

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New Lease Data Forecasts Compact and Mid-Size Vehicles are Best to Lease in the Month of May

Wantalease.com Data Shows that Compact and Mid-Size Cars could offer Attractive Lease Deals for May, based on April Lease Trends

Cincinnati, OH (May 4, 2018)

Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of March, and forecasts new leasing trends for the month of April. Several brands offered discounts on mid-size and large SUV’s, as well as truck deals, while most smaller vehicles and regular-size cars maintained or increased their lease prices.

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 the last six months at $149. This month, the Honda Civic increased in price by another +13.15% bringing the monthly payments to $189.

While most vehicle prices have remained steady into April, dealers have offered more aggressive lease pricing on mid-size and large SUV’s, 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 Chevy Silverado 1500 4WD Double Cab with a -11.99% decrease. The vehicle is offered at $299 per month, followed by the Ford Expedition at $469.00 (-10.57%), the GMC Canyon Crew Cab for $249.00 per month (-9.10%), and the Ford Explorer at $349.00 per month (-8.59%).

“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.”

The vehicles with the largest increased monthly payment are the Chevrolet Cruze with a +12.47% increase, and the Chevrolet Malibu with a +10.18% increase in price from February. The Cruze is currently offered at $169 per month, while the Malibu is offered for $199.