Historically low interest rates, residual values make for ideal vehicle leasing conditions - Siouxland News - KMEG 14 and FOX 44

Historically low interest rates, residual values make for ideal vehicle leasing conditions

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SOURCE Cars.com

Cars.com shares best leasing deals for February 2014

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
Deal

Months

Down
Payment

MSRP

Miles
per
Year

Expiration

2014 Jeep Cherokee Sport

Small SUV

$259

36

$2,999

$23,990

12,000

03/03/14

2014 Hyundai Tucson

Small SUV

$249

36

$2,499

$22,305

12,000

02/28/14

2014 Volkswagen Jetta

Small Car

$149

36

$2,349

$17,715

12,000

03/03/14

2013 Honda Civic

Small Car

$159

36

$1,999

$19,755

12,000

03/03/14

2014 Honda Accord Sedan CVT

Midsize Car

$219

36

$1,999

$23,545

12,000

03/03/14

2014 Kia Optima

Midsize Car

$189

36

$1,850

$22,300

12,000

03/03/14

2014 Buick Enclave

Midsize SUV

$349

24

$3,289

$39,665

10,000

02/28/14

2014 Nissan Rogue SV AWD

Midsize SUV

$239

36

$2,599

$26,700

12,000

02/28/14

2014 BMW 328i Sedan

Luxury Car

$369

36

$3,844

$41,325

10,000

02/28/14

2014 Lexus ES 350

Luxury Car

$349

27

$2,999

$40,682

10,000

02/28/14

2014 Acura RDX

Luxury SUV

$399

36

$1,999

$35,415

10,000

03/03/14

2014 Mercedes-Benz ML350

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).

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