No Script Domestic Carmakers Turn Up The Volume on Competitive Lease Offers

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PRICES ON DOMESTIC AUTO LEASES DISCOUNTED MOST IN SEPTEMBER ACCORDING TO WANTALEASE.COM

Domestic Carmakers Turn Up the Volume on Competitive Lease Offers

Cincinnati, OH (September 24, 2014)

Wantalease.com, the nation’s first online car lease marketplace for new car lease deals, reports domestic auto leases are seeing the largest price drops during September. Seven of the top ten popular lease vehicles with the biggest price drops in September are from Chevrolet, Chrysler, Ford and Buick, with prices discounted as much as 46% from the previous month.

Wantalease.com is the nation’s first online destination for new car lease deals, and it is a sister marketplace to Swapalease.com where drivers can transfer in and out of leases currently under contract.

The Chevrolet Double Cab LT pickup saw the largest discounted price in September compared with August, falling 45.9%. The current lease deal is offered at $199.00 monthly, compared with $368.14 the previous month. The Chevrolet Equinox 2WD LS has a lease deal offered at $168.00 monthly, compared with $305.21 the previous month (a -44.9% discount). Both are being offered with $0 cash down.

Fifteen popular lease vehicles have deals currently offered at $199.00 or less in September, and Twenty-two deals are offered under $249.00.

The Ford Explorer FWD is listed among today’s most popular vehicles with September lease deals higher than the previous month. The Explorer is currently offered at $430.63, a +19.0% increase over what it was being offered in August. The Honda Accord LX also saw an increase in its current lease deal of $278.42 monthly, rising +9.4% compared with August.

“We continue to see aggressive pricing from the domestic manufacturers when it comes to lease deals,” said Scot Hall, Executive Vice President of Wantalease.com. “We believe this is a result of a continued focus on increasing the overall lease penetration rate and the desire for domestic carmakers to be more competitive in an area that has long been dominated by foreign brands.”

Top 5 Discounted Lease Deals in September

Make/ModelSept. PaymentAug. Payment% Difference
Chevrolet Double Cab LT $199.00$368.14-45.9%
Chevrolet Equinox 2WD LS$168.00$305.21-44.9%
Chrysler 200$257.22$301.88-14.8%
Ford 4X4436.04 $510.63 -14.6%
Volkswagen Passat$244.25$284.25-14.1%

Top 5 Price Increases in September

Make/ModelSept. PaymentAug. Payment% Difference
Ford Explorer FWD$430.63$361.7919.0%
Toyota Tacoma 2X4$360.63$316.7513.9%
Honda Accord LX$278.42$254.539.4%
Ford Taurus$395.63$366.048.1%
Toyota Rav4$260.63$270.637.4%