Leasing Popularity Expected to Continue With Labor Day Deals
Leasing has picked back up to pre-recession highs, and many analysts are predicting leasing penetration to exceed levels seen before the Great Recession.
And as manufacturers reveal their Labor Day lease deals, leasing popularity isn’t expected to slow down anytime soon.
In fact, Scot Hall, executive vice president of Wantalease.com, said he expects leasing to remain top-of-mind for consumers as we move into fall.
“We’re seeing some of the best balance of lease deals seen in a while across the major domestic and foreign brands,” said Hall. “Clearly, leasing is poised to maintain its popularity in front of consumers throughout the fall season, especially as the new 2015 models become available in the showrooms.”
During the upcoming holiday week, Buick and Toyota dealers may reap the most benefit from incentives, as some of the best car lease deals for Labor Day stem from these brands.
For example, the pricing on Toyota RAV4 and Avalon lease offers have fallen 15.6 percent and 12.1 percent, respectively, since July — a trend that may prove attractive to holiday auto shoppers.
Meanwhile, the Buick Regal Premium and Lacrosse lease offers represent some of the most aggressive deals for national customers on Wantalease.com, site officials shared.
The Cadillac CTS, specifically, may also be a unit to push on Labor Day, as its lease offer has dropped the most since July, dropping by 17.3 percent. A 39-month lease is now offered at $487.33 per month.
And for customers working on a tight budget, Wantalease.com officials pointed out there are five units with leasing monthly payments currently under $225: Nissan Sentra SV ($204.53); the Ford Focus SE ($207.29); the Chevrolet Cruze LT ($210.64); the Buick Regal Premium ($219.00); and the Ford Fusion SE ($223.96).