CINCINNATI–A new report indicates that carmakers are boosting lease prices on non-luxury brands while reducing the same cost for many luxury models.
The move, reported Wantalease.com, is an effort to steer lease customers to more high-end vehicles.
Examining new lease offerings for February, the Nissan Sentra was priced the lowest of all vehicles, coming in at just $109 per month. The Nissan Sentra is priced lower than the Honda Civic, which had held the lowest price for the last six months at $149. During February, the Honda Civic increased in price by 9.17% bringing the monthly payments to $169, Wantalease.com reported.
While most vehicle prices have remained steady into February, dealers have offered discounts on luxury cars and SUV’s to continue spurring interest in lease deals. Two luxury cars and one luxury SUV have seen discounts lowering their monthly payments by $30 this February. The Audi A6 and BMW 530i both reflected the decrease in payment, as well as the Infiniti XQ80 SUV, Wantalease.com said.