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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

December Auto Lease Prices Drop on Several Compact Cars and Sedans

December 18, 2018

CINCINNATI, Ohio, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of December. Several automotive brands offered discounts on compact cars and sedans leading up to the end of the 2019 year.

Most vehicle prices have remained steady into December, but dealers have offered generous discounts on compact cars, full size cars, and entry-level luxury cars. Some notable discounts include the Chevrolet Cruz (-13.31%), Ford Focus (-8.44%), and the Toyota Corolla (-7.29%) from November. The Chevrolet Cruz is priced at $209 per month, the Ford Focus is priced at $157 per month, and the Toyota Corolla is priced at $199 per month.

Despite the decrease in prices on cars, the Ram 1500 Crew Cab is currently priced the lowest of all vehicles for the month of December, coming in at just $129 per month. The Ram Crew Cab is priced lower than the Volkswagen Jetta, which was the vehicle previously holding the lowest price at $139.

“We’re seeing dealers offer more aggressive lease promotions on compact cars and sedans, further supporting that manufacturers and dealers are heavily interested in moving smaller cars off the lot to get ready for 2019,” said Scot Hall, Executive Vice President of Wantalease.com “Crossovers and SUVs continue to capture the attention of the American consumer, and manufacturers are luring lease shoppers with attractive end-of-year deals to showcase smaller vehicles with lease offers.”

The vehicle that saw the largest price drop moving into the month of December was the Chevrolet Impala, with a -14.04% decrease. The vehicle is offered at $289 per month, in comparison to last month at $349. The vehicles with the largest increased monthly payment are the Ford Fusion with a +25.90% increase, and the Ford Expedition with a +9.91% increase in price from November. The Fusion is currently offered at $244 per month, while the Expedition is offered for $505.

About Wantalease.com:

Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.

Press Contact: Erica OlsonMerit Mile EOlson@meritmile.comO – 561-362-8888 C – 763-458-4435