CINCINNATI, OHIO (September 12, 2013) – Swapalease.com, the nation’s largest car lease marketplace, reports average car lease prices increased 2.1% year-over-year based on listings entering the market during August. Prices on leases averaged $590.38, up from $578.06 at the end of August 2012.
The Swapalease.com marketplace records actual monthly payments based on contracts from lessees who’ve listed their vehicles for transfer each month. The least expensive lease listed during August was a 2012 Smart Fortwo at $130.00 monthly. A Chevy Volt was registered second with a monthly payment of $148.29.
Among today’s most popular leased vehicles, the average price of a Ford Focus dropped -35.5% from year-ago levels, with an average monthly list price of $253.88 at the end of August, down from $393.57 a year earlier. The Honda Accord declined -24.1% from year-ago levels, with an average monthly list price of $270.14 at the end of August, down from $359.24 same time last year.
Several popular vehicles have experienced price increases over the last twelve months. The Toyota Camry is currently averaging $343.08 according to vehicles listed in August compared with $281.18 a year earlier, a 22.0% increase. The Audi A4 is currently averaging $515.90 during August compared with $463.57 during August 2012, up 11.3%.
“It’s interesting to watch the monthly list prices evolve for the Accord and Camry, two vehicles that compete heavily against one another,” said Scot Hall, Executive Vice President of Swapalease.com. “There are a number of factors that go into price changes for these and other vehicles, particularly the type of incentives offered by a specific brand at lease inception.”
Here are average monthly list prices on popular cars at the end of August:
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Vehicle Lease Price Changes
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|
|
|
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Make
|
Model
|
|
13-Aug
|
13-Jul
|
1M Change
|
12-Aug
|
12M Change
|
|
Ford
|
Focus
|
|
$253.88
|
$293.00
|
-13.4%
|
$393.57
|
-35.5%
|
|
Honda
|
Accord
|
|
$270.14
|
$343.90
|
-21.4%
|
$359.24
|
-24.1%
|
|
Toyota
|
Corolla
|
|
$226.01
|
$206.40
|
9.5%
|
$261.72
|
-13.6%
|
|
Jeep
|
Grand Cherokee
|
$423.05
|
$406.80
|
4.0%
|
$487.27
|
-13.2%
|
|
|
BMW
|
X5
|
|
$821.99
|
$839.80
|
-2.1%
|
$937.37
|
-12.3%
|
|
Chevrolet
|
Cruze
|
|
$233.33
|
$255.38
|
-8.6%
|
$263.76
|
-11.5%
|
|
Honda
|
Civic
|
|
$255.00
|
$271.53
|
-6.1%
|
$281.23
|
-9.3%
|
|
Mercedes-Benz
|
C Class
|
|
$470.06
|
$511.40
|
-8.1%
|
$489.03
|
-3.8%
|
|
Ford
|
Escape
|
|
$382.59
|
$376.89
|
1.5%
|
$386.79
|
-1.1%
|
|
Ford
|
Fusion
|
|
$328.92
|
$312.00
|
5.4%
|
$325.49
|
1.1%
|
|
Volkswagen
|
Jetta
|
|
$276.89
|
$286.50
|
-3.4%
|
$272.11
|
1.8%
|
|
Cadillac
|
CTS
|
|
$519.21
|
$438.05
|
18.5%
|
$494.73
|
4.9%
|
|
BMW
|
3 Series
|
|
$576.32
|
$553.31
|
4.1%
|
$547.39
|
5.3%
|
|
Infiniti
|
G37
|
|
$455.36
|
$470.80
|
-3.3%
|
$430.50
|
5.8%
|
|
Lexus
|
IS250
|
|
$472.38
|
$429.30
|
10.0%
|
$440.84
|
7.2%
|
|
Toyota
|
Prius
|
|
$393.71
|
$336.50
|
17.0%
|
$362.37
|
8.6%
|
|
Nissan
|
Altima
|
|
$330.20
|
$307.10
|
7.5%
|
$302.10
|
9.3%
|
|
Audi
|
A4
|
|
$515.90
|
$445.00
|
15.9%
|
$463.57
|
11.3%
|
|
Toyota
|
Camry
|
|
$343.08
|
$286.02
|
19.9%
|
$281.18
|
22.0%
|
|
Chevrolet
|
Volt
|
|
$383.07
|
$446.20
|
-14.1%
|
|
|
About Swapalease.com:
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.
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