Leases have long been known as a great way to drive a new vehicle at an affordable price. However, consumers seem to be surprised by the prices in everything from groceries to gas and beyond in 2022, and auto lease prices are no different.
Several factors are causing your Nissan lease payment to potentially be higher than anticipated. Here we’ll break down the market conditions, what’s causing those price increases.
Lack of Inventory
In recent years, global supply chain issues have caused a shortage of parts. This shortage of parts has caused- you guessed it- fewer available vehicles. With a much smaller inventory, the market has shifted to mean that any available vehicles become more valuable and carry a larger price tag.
Lack of Incentives
It is standard practice for manufacturers to offer incentives on leased vehicles, bringing those lease prices down. Unfortunately, with the scarcity of inventories and manufacturers needing to cover their costs, many have been forced to reduce or completely stop these incentives.
J.D. Power reports that the average leasing company now offers around $1,500 in incentives, down from around $4,000 in pre-pandemic times.
A Nissan Lease Payment to Fit Your Budget
At Bedford Nissan, we’re committed to serving the Cleveland area with new Nissan vehicles and the most carefully chosen used vehicles. We always strive to provide fair pricing at or below market value and have a team of dedicated professionals who are ready to get you behind the wheel of your Nissan car, truck, or SUV with a price tag that fits your budget.
Contact us our team of Nissan dealers today to learn about current lease specials, certified pre-owned Nissan deals, or financing a new Nissan. We look forward to serving you!
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