Lease Deals Heat Up in May, Swapalease.com Reports
CINCINNATI — Swapalease.com reports that aggressive lease deals have continued in May, leading up to Memorial Day weekend. According to the company’s Wantalease.com new lease online marketplace, 15 popular cars and trucks are being offered this month with monthly payments of $200 or less.
“Aggressive lease deals have continued into May, and we expect the number of deals with payments under $200 monthly to grow even more as we head into Memorial Day sales,” said Scot Hall, executive vice president of Swapalease.com. “Domestic brands in particular are showing an increased level of aggressiveness to offer attractive payments for car shoppers looking to stay at a low budget.”
Five cars are offered for less than $149 per month, headlined by the Chevrolet Malibu LT, which can be leased for $149 monthly and with a $0 down payment. Other cars offered at $149 monthly include the Nissan Sentra SV, Chrysler 200 Limited and Volkswagen Jetta S. Each lease deal is for either 36 or 39 month terms. Two SUVs are also on the list for $200 monthly or less, including the Chevrolet Traverse LT 2WD ($189) and the Chevrolet Equinox 2WD LT ($199).
The Chevrolet Malibu LT leads all popular cars and trucks this month with the largest price drop over the previous month in terms of monthly payment offered. The Malibu LT monthly payment dropped 41.4% compared to April deals when it was offered for $254.53 monthly. Other noticeable monthly changes include the Chevrolet Traverse (-33.2%), Chrysler 300 RWD (-32.6%) and the GMC Yukon 2WD SLE (-25.3%).
The Acura ILX is showcasing among the more aggressive monthly deals across all luxury segments, with a payment of $229 on a 36-month lease. The Infiniti Q50 3.7 Premium is also offering an aggressive deal for $309 monthly on a 39-month lease.
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