News
CHICAGO, Feb. 11, 2014 /PRNewswire/ -- Cars.com, the leading online resource for buying and selling new and used cars, issued a selection of high-value lease specials offered by manufacturers in February 2014. As winter storms continue to grip most of the country, low interest rates and above-average residual values facilitate deals on several SUVs and top-selling cars. A growing purchase option for consumers, vehicle leases now account for 25% of all new vehicle sales.
Cars.com's calculations factor advertised monthly payment, lease term, allowed mileage and down payment to highlight vehicles that offer the best value to shoppers.
"We're in a perfect storm of favorable leasing conditions," said Jesse Toprak, Chief Analyst at Cars.com. "Residual values continue to maintain at near-record levels and interest rates are at historic lows, both of which make lease payments more affordable for consumers. If you've never leased before, this is the time to consider it, as leasing offers the luxury of a brand new car, with a full warranty, without the commitment of ownership."
Top Lease Offers for February 2014:
|
Year/Make/Model |
Segment |
Lease |
Months |
Down |
MSRP |
Miles |
Expiration |
|
Small SUV |
$259 |
36 |
$2,999 |
$23,990 |
12,000 |
03/03/14 |
|
|
Small SUV |
$249 |
36 |
$2,499 |
$22,305 |
12,000 |
02/28/14 |
|
|
Small Car |
$149 |
36 |
$2,349 |
$17,715 |
12,000 |
03/03/14 |
|
|
Small Car |
$159 |
36 |
$1,999 |
$19,755 |
12,000 |
03/03/14 |
|
|
Midsize Car |
$219 |
36 |
$1,999 |
$23,545 |
12,000 |
03/03/14 |
|
|
Midsize Car |
$189 |
36 |
$1,850 |
$22,300 |
12,000 |
03/03/14 |
|
|
Midsize SUV |
$349 |
24 |
$3,289 |
$39,665 |
10,000 |
02/28/14 |
|
|
Midsize SUV |
$239 |
36 |
$2,599 |
$26,700 |
12,000 |
02/28/14 |
|
|
Luxury Car |
$369 |
36 |
$3,844 |
$41,325 |
10,000 |
02/28/14 |
|
|
Luxury Car |
$349 |
27 |
$2,999 |
$40,682 |
10,000 |
02/28/14 |
|
|
Luxury SUV |
$399 |
36 |
$1,999 |
$35,415 |
10,000 |
03/03/14 |
|
|
Luxury SUV |
$599 |
36 |
$4,893 |
$47,790 |
10,000 |
02/28/14 |
Cars.com shares industry news, insights and dealership best practices to help dealers and manufacturers better understand the automotive landscape, automotive shopping trends and new consumer behavior. For more information, visit http://dealeradvantage.cars.com/.
ABOUT CARS.COM
Cars.com is an award-winning online destination for car shoppers that offers information from consumers and experts to help buyers formulate opinions on what to buy, where to buy and how much to pay for a car. Cars.com offers thousands of new and used vehicle listings, consumer reviews, side-by-side comparison tools, photo galleries, videos, unbiased editorial content and many other tools. Cars.com puts millions of car buyers in control of their shopping process with the information they need to make confident buying decisions. Launched in June 1998, Cars.com is a division of Classified Ventures LLC, which is owned by leading media companies, including A.H. Belo (NYSE: AHC), Gannett Co., Inc. (NYSE: GCI), The McClatchy Company (NYSE: MNI), Tribune Company and The Washington Post Company (NYSE: WPO).
SOURCE Cars.com