Top 10 new models leased in Q3
If you work at a Honda store or your dealership is closely competing against one, there’s a good chance the new vehicles being delivered at that rooftop are connected to a lease.
According to Experian’s Q3 2019 State of the Automotive Finance Market report, analysts determined three of the top 10 new models leased during the third quarter were Hondas, including the top two vehicles.
Leading the way among the top 10 new leased models by market share was the Honda Civic at 3.9%. Not far behind was the CR-V at 3.4%.
Here is the complete top 10 for Q3 based on Experian’s information:
1. Honda Civic: 3.9%
2. Honda CR-V: 3.4%
3. Toyota RAV4: 3.1%
4. Chevrolet Equinox: 2.5%
5. RAM 1500: 2.5%
6. Jeep Grand Cherokee: 2.4%
7. Honda Accord: 2.4%
8. Nissan Rogue: 1.8%
9. Ford F-150: 1.8%
10. Toyota Corolla: 1.7%
Experian detailed what makes these 10 vehicles so attractive to lease. Analysts shared the average monthly payments when leasing one of these models versus signing an installment contract toward a purchase. Here is that rundown with the lease amount mentioned first, followed by the installment contract figure:
1. Civic: $303 versus $418
2. CR-V: $363 versus $478
3. RAV4: $379 versus $485
4. Equinox: $326 versus $465
5. RAM 1500: $451 versus $652
6. Grand Cherokee: $478 versus $600
7. Accord: $370 versus $484
8. Rogue: $351 versus $483
9. F-150: $457 versus $659
10. Corolla: $302 versus $415