SOURCE: Wantalease.com

October 14, 2014 09:02 ET

October Lease Deals Show Plenty of Prices Under $150 a Month According to Wantalease.com

Small Cars, Sedans & Trucks All Showing Aggressive Pricing

CINCINNATI, OH--(Marketwired - Oct 14, 2014) - Wantalease.com, the nation's first online car lease marketplace for new car lease deals, shows a growing number of car and truck lease deals offered for less than $150 per month. What's more, a few cars are even offered for less than $120 per month. The deals arrive as leasing continues to grow in popularity for consumers and dealerships.

The Chevrolet Cruze LT and the Ford Focus SE are both offered at $119 monthly in their current October Wantalease.com lease deals, highlighting six deals under $150 per month. The Volkswagen Jetta 1.8T is offered at the third lowest price, at $139 monthly, followed by a the Chevrolet Silverado at $149, the lowest truck lease deal listed this month.

The majority of lease deals offered in October are for 36-month terms, but a handful are also being offered at 24-month terms. In addition to the six deals under $150 per month, another eight auto lease deals are being offered in October for under $200 per month highlighted by the Honda Accord ($189); Chevrolet Equinox ($199); and Nissan Altima ($189).

"The fact that we're seeing more lease deals for under $150 should not surprise many, especially considering the hot leasing market currently," said Scot Hall, Executive Vice President of Wantalease.com. "If anything, we've taken notice of the diversity of cars and trucks offered and at many different sizes. The most aggressive deals are for more than just small, compact cars."

At the current lease penetration rate of 25%, it is estimated that roughly four million vehicles will be leased in 2014, an 8.1% increase from the year earlier when approximately 3.7 million vehicles were leased in 2013.

Wantalease.com offers new car lease deals to nationwide car shoppers online, the first marketplace of its kind. Car shoppers can compare lease deals and lease a car from a dealer that may not be in their local region. This format is helping to create more competitive pricing for vehicle leases, as witnessed in October's aggressive prices for some of today's most popular brands.

Top 5 Discounted Lease Deals in September

Make/Model Oct. Payment   Sept. Payment
Chevy Cruze LT $119.00   $224.53
Ford Focus SE $119.00   $207.29
Volkswagen Jetta 1.8T $139.00   $234.35
Chevy Silverado 1500 4WD Double Cab LT $149.00   $199.00
Nissan Sentra SV $149.00   $209.00

Top 5 Price Increases in September

Make/Model Oct. Payment   Sept. Payment
Buick Lacrosse $299.00   $238.00
BMW 328i $409.00   $441.61
Ford Escape $314.63   $276.04
Ford Fusion $258.96   $228.13
Toyota Corolla $256.75   $226.75

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.

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