Several Misconceptions Of Car Leasing

If you’re new to car leasing, you could have several misconceptions about leasing a vehicle. Here’s a few of the biggest ones:

  • Leasing a new car costs more than purchasing it. With a leased car, you pay a down payment, along with low monthly payments until your lease is up. For example, a 2013 Honda Accord EX, costs $24,500. You can get it from the dealer at $334 per month. For the standard 36 month lease, that’s a total of $12,024. Even after insurance, a down payment and the monthly fees, it’s much cheaper than purchasing.
  • There’s equity in buying, but nothing at the end of the lease. Not the case. According to Best Buy Auto: “Leasing offers the potential for cash value at the end of its term as well: by keeping your equity out of the vehicle. The cash flow derived from no or a lower down payment and lower lease payments during the life of the lease, together with interest, can produce an amount roughly equal to the used vehicle’s value at the end of a conventional loan.”
  • Dealerships tack on additional expenses at the end of a lease.  If you abide by your contract, no extra fees are added on for excess mileage or wear/tear.
  • Only businesses get a tax break with a leased car. According to Kiplinger, Tax laws do allow businesses to “deduct monthly leasing payments as an expense. But individuals get a tax break, too.” In most states, you pay sales tax only on the monthly payments, not the vehicle price. For example, in a Nissan Altima, you’d owe taxes on about $8,264 in payments rather than the $21,403 vehicle price.
  • Once you sign a lease contract, you can’t get out of it. This is why online lease marketplaces like exist. allows you to take over someone else’s lease. Or if you want to get rid of your lease, you can give the responsibilities – and the contract – to someone else on the online marketplace.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

Should You Lease Your First Car?

Your first car is exciting. No longer do you have to depend on others for transportation.

And it’s even more exciting if you get a deal that doesn’t empty your entire bank account.

But therein lies the issue: How can you get your first quality car for an affordable price?

It all depends upon your motive. If you’re looking to purchase a car, the price will be difficult to digest, particularly when you factor in the interest rate and down payment. And if you secure a long-term loan, now offered for 7-8 years, you’ll be paying for an eternity without any meaningful position of equity.

But if you’re looking for a short term, affordable option with flexibility, leasing is the right way to go.

Since you only use the car for a certain amount of months, you’re free to peruse the newest technology upgrades that other models will come out with. And if you find something that you don’t like about the car months after you agree to terms, you’re not locked in should you consider transferring the lease to someone else.

If you want your new car to be an affordable and reliable lease deal, take a look at The online leasing marketplace has thousands of vehicles that are currently in a lease agreement. You can shop for exactly the right car for you by taking over an existing lease and simply finishing out the remainder of the contract – almost like an extended test drive. More than often, when you take over a vehicle from, you don’t have to pay the extra fees, down payments and taxes that dealerships require. You only pay a low, monthly payment.

A perfect idea to make your first car exciting.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

The Always-On Car Warranty

According to a recent survey, safety ranks as one of the highest factors in wanting to get a new car. Because only with a lease can you consistently upgrade to the newest and safest technology. If you purchase a vehicle, you’ll be in a long-term agreement with a car that will, over time, compromise the integrity of important safety features due to wear and tear.

A recent report found twenty-four of the safest 2013-2014 cars, from airbags to brakes. They include:

Where does leasing fit into the conversation? With a lease you can get a different car every few years. This is important because recent studies show that “always having a car under warranty” is one of the biggest reasons people look to change their vehicle. Gone are the days when drivers wanted to fix their own car, and with the sharp increase of vehicle recalls as of late, drivers are even more concerned about the safety of their vehicle. On, you can find each of the above-mentioned models for a cheap price and a short term agreement:

  • Ford Fusion $274 per month/27 months
  • Hyundai Elantra $179/36 months
  • Honda Accord $159/36 months
  • Nissan Altima $239/10 months
  • Volkswagen Passat $195/26 months

Not only can you get the safest cars on the market by simply paying a cheap monthly payment; by the time newer safety features arrive on the market, you’ll be looking for a new car.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

Should You Arrange Financing At The Dealership?

Financing your new lease or purchase at a dealership can be confusing. It can be difficult to understand in the moment, and you don’t want to agree to something that you don’t entirely understand.

Because of the hefty amount of verbiage involved with lease financing, let’s simply break it down piece by piece to understand it further. To start, if you don’t have cash to pay for a vehicle, financing for a lease is how you pay for the vehicle throughout the duration of the lease contract.

But should you finance your lease at the dealership, or should you arrange for an outside lender to finance your lease?

Pros of financing at the dealership is that it can be convenient, and sometimes quicker than doing it elsewhere. What’s more, dealers will often provide additional incentives if you go with their own finance arm – called a captive. However, cons include high pressure, and that loans are sometimes front loaded, meaning that payments are made up of more interest in the beginning of the loan than toward the end.

Before you arrive at the dealership, be prepared. Try to have a loan agreement already in mind. According to JD Power and Associates: “by doing so, the consumer has already determined what his or her credit rating is, has qualified for a loan at an acceptable interest rate, and knows what he or she can afford in terms of purchase price and a monthly payment. Having financing arranged in advance also encourages the dealer to come to the bargaining table with their best financing offer, saving both parties time and possible frustration.” This also includes searching for alternative financing options.

At the dealership, realize the correlation between the monthly payment and the interest rate. As mentioned in the cons, a car’s monthly payment can be low at the front end of the agreement, but it may have a higher interest rate. Also realize that the financial institution will give the dealer a small percentage of the interest charged for the loan, which means the dealer earns additional profit on the sale of the lease. Naturally, this means the salesman is also looking for a deal that benefits him as well.

With vehicles on, many leases skip the confusion on the front end and only need a monthly payment.  Because the vehicles on the online marketplace are currently in lease, other fees such as down payments are not required. Only a cheap, short-term monthly payment.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

When’s The Best Time To Lease A Car?

In order to get the right deal for a leased car, everything must flow together at the right time: The down payment; the MSRP; the salesman’s pitch; your spouse’s opinion, etc. If one item or number is a little off, the entire deal can evaporate quickly. Ever been there?

Another factor to add to the list that can make or break a deal is timing.

When you lease a car, the majority of salesmen must answer for quotas by moving a specified amount of inventory and making a certain amount of revenue per month. So if you arrive at a dealership late in the month, odds are you’re more likely to cut a better deal. There’s been great debate around this issue, but it’s also been explored heavily by the experts.

Another pivotal time to peruse vehicles is during the end of the car’s model year, because at that point, salesmen are looking to get the new car models on the lot and will be looking to shed last year’s inventory – another great opportunity to get a cheap lease.

Yet another time to look at leases comes at the end of the calendar year because salesmen will be looking to meet their end-of-year quotas and will also want to get rid of the cars currently on the lot in order to make room for new models. Plus, holiday deals will play a role, as well. A great formula for a cheap lease deal.

However, if you don’t want to wait until the end of the year or the end of the month, and if you don’t want to play negotiation mind games with car salesmen, you can find cheap lease deals on With the online car leasing marketplace, you only have to pay a low monthly payment since you’re taking over an existing lease from someone else – the down payment and other fees have already been paid. And that’s 365 days a year.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

The New Math Of Leasing Is Like The Old Math

The Wall Street Journal reported last week that automobile makers are attempting to make “leasing a new car more appealing by lowering the cost of monthly payments, which in turn creates significant savings for consumers over the course of a typical three-year contract.”

Called the New Math of Car Leasing, the article goes on to mention that leasing has grown significantly in popularity because of the price, accounting for 26% of the car sales in 2013  (up 10% from 2003) and that 28% of the car sales for the first two months of 2014 are leases.

What it boils down to is something has known for a while now. Car shoppers want an attractive payment, and they’re willing to make this commitment because, like a cell phone, they realize a car now comes with a fixed payment.

What does this mean? It means whether you lease or buy, odds are you’ll always have a monthly payment. People who lease are fine with this because they pay a low monthly payment, while drivers that buy are now financing very long terms, which means they’re making payments for many years. Either way, a monthly payment is happening so why not make the lowest payment possible via lease.

The main difference at No down payment and much shorter terms than what you’ll find at a dealership – two very attractive items to many car shoppers today. There’s no new math involved.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

Tax Benefits For Business Car Leasing

The deadline for taxes – April 15 – is about a month away. And companies that have leased vehicles for their business needs – a popular move since many dealerships, banks and credit unions don’t offer financing to businesses – are seeing the benefits during recent number-crunching to meet that deadline.

With leased business vehicles, owners can deduct the expenses of the lease and the operating expenses based on the percentage of business use. For example, if your yearly lease payment is $4,200 ($350 per month) and your business use percentage is 80%, you can deduct a whopping $3,360 on your tax return for that year.

The IRS allows such in two ways:

Using the standard mileage rate. The former rate is said to be the preferred, easier method, especially if you do relatively little business driving. First, find out if you qualify. Then you can calculate the fixed and operating costs of your vehicle by multiplying the number of business miles traveled during the year by the business standard mileage rate. This rate is set annually by the IRS. For 2013, the rate was 56.5 cents per mile, and in 2014 that rate is 56 cents per mile.

Using the actual expenses method.  Your deductions are heavily dependent on the records you have in order to calculate those deductions, including gas, oil, tires, insurance, etc. Although this method is more thorough, you may qualify for a larger deduction.

Keep in mind that the tax you pay on the monthly payment is deductible as well.

Assuming a business lease on will not only grant you these tax benefits, but will also leave necessary cash that would be spent on a purchase. Simply visit the online car lease marketplace and begin looking for a vehicle that fits your business needs.

For more information on car leasing for business purposes or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

Car Lease Deals For Grads

Not only is graduation an enthralling day for the graduates; it’s also a lifetime highlight for family members. A graduation gift is a cultural norm, but graduates most likely won’t be coveting a gift that is typical. Entertainment systems, airline tickets, new phones – all great gift ideas, but not necessarily what your grad actually needs. Instead, your grad will be coveting something that can calm their anxiety regarding the unemployment rate among college graduates, which analysts say won’t be much lower from last year’s 50%.

US News surveyed 178 universities and found that nearly 48% of college students don’t have a vehicle on campus. Thus, when May approaches, a massive crop of graduates don’t have an easy way to commute to job interviews.  But a lease from is a gift that not only is creative; it’s also useful and needed.

Five current deals that parents and other friends and family can take advantage of for their college grad include:

•    2013 Smart Fortwo $87/month for 16 months
•    2012 VW Golf $171/month for 19 Months
•    2014 Ford Focus $139/month 24
•    2012 Jeep Patriot $187/month for 12
•    2014 Hyundai Elantra $179/month for 36 months

Since the supply of’s marketplace is produced by consumers, there are more endless options for car models, prices, and locations. And not only is the supply vast; the prices are much cheaper than many leases on the car lot. Since you can take over someone’s lease, this often results in only paying the monthly payment, not the down payment or other fees. The lease is also a short-term commitment, which opens up graduates to explore new vehicles with up to date technology and safety upgrades after the lease term is up.
These cheap lease deals are an investment into your graduate’s future, because it puts wheels underneath their aspirations. What could be a better gift than that?

For more information on finding the right car lease deal for your grad, or to learn more about how to take over someone’s car lease, call 866-SWAPNOW.

5 Great Car Lease Deals In March

You’ve heard it before: the biggest perk of leasing is the extremely low monthly payment. So let’s put it to the test. Let’s see if there is truth behind the notion. The lowest monthly payments in March currently include:

  • Smart Car Pure Coupe – $99/month, $1,393 due at signing.
  • Nissan Versa Sedan – $129/month, $1,999 due at signing.
  • Chevy Cruze – $149/month, $1,629 due at signing.
  • Volkswagen Jetta – $149 per month for 36 months with $2,349 due at signing.
  • Kia Rio – $159/month, $1,999 due at signing.

Keep in mind you can always check out for great deals on new leases. Sometimes things can be too good to be true. But the notion that leasing does yield a low monthly payment is redefining the phrase, because it is both good and true.

Isn’t it often rude to bargain for a cheaper rate on a sale price? Not in this industry, since has even lower payments than these…low payments. Since thousands swap their leases with someone else on, down payment is zero, making the vehicles that much more appealing. Five attractive bargains from, based on their current monthly payment, are:

  • 2013 Audi A4 – $67/month for 17 months
  • 2013 Scion IQ – $87/month for 31 months
  • 2013 Smart – $114/month for 21 months
  • 2014 Chevy Equinox $199/month for 24 months
  • 2014 Hyundai Accent $169/month for 36 months

But not only is the monthly payment enticing. Don’t forget to factor in that the car will usually be covered by warranty throughout the duration of the lease, and that dealers are more than willing to make a lease agreement deals because it creates a high customer return rate. Plus, you have no long term commitment. If you decide you want an upgrade, it’s not a far-fetched idea.

And you can turn your far-fetched hope of scoring a low monthly payment into a reality, because the options are wide-open in leasing marketplaces like

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.

Should You Buy Out Your Car Lease?

It’s been a good run with your lease. Actually, a great run. You’ve had few problems with the lease. Now, three years later, the lease is up and it’s heavy on memories. Standing at the crossroad, you wonder if you should return it to a dealer or buy out your car lease.

The best way to determine if you’re making the right financial decision is to understand the residual value – the estimated worth of your vehicle at lease-end – and the car’s current value according to the bank.

If your residual value is still higher than the market value, you’ll have more leverage when negotiating a better buy-out price. In this case, you’ll also know the car’s previous history and what maintenance it requires, and you’ll save yourself hours of car shopping.

On the other side of the coin, if the vehicle has low mileage and is in decent condition, it can sometimes be cheaper to purchase rather than return it and attempt to find another vehicle around the same price.

Understanding the verbiage within the lease contract is also essential, because if your three-year lease only allows 36,000 miles, and you clock over it, the charge could be around 25 cents per mile, give or take. If there are dings and obvious wear and tear, you may be charged significantly to turn it back in. But, by buying out your car lease at that time, you can dodge those fees.

However, there’s a hidden downside to buying out that vehicle lease, to turning your leased vehicle into a permanent fixture in the garage: you can’t move on to a different vehicle and experience that excitement of walking outside to a new car. Or that new car smell.

The best deal for the family may also be the cheapest and the more exciting. And that lies in leasing another vehicle.

For more information on buying out your car lease or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.