Single Payment Car Leases

As you pick out your new car, there is the option to pay in full, upfront and drive home with no worries.

The option to make this one large single payment is also an option for a leased car upon signing. Paying the entire amount of the lease up front rids of the concern of making late payments and ruining credit.

Within this single payment option, there are two approaches to this option.

Approach #1

In this approach, you will pay for the depreciation value of your car, sales tax, and the total amount of monthly payments upfront. You will still need to pay interest on residual but will not have to pay interest on depreciation.

Approach #2

Monthly payments would be computed by leasing company that will include sales tax, then multiplied by that number by entire leasing term to calculate. This approach is easier to compute, where you are paying the same amount of lease if all monthly payments were added up.

 

As paying off your leased car upfront seems like the way to go, putting all that money down at signing can all go down the drain if the inevitable happens, like if your car is stolen or is totaled. The insurance company will only cover the market value of your car.

Now that you got a little insight on this option when getting your leased car, be sure to review all your options for the best deal possible. Luckily, Swapalease.com can help! Swapalease.com is the online marketplace with vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

DIY Engine Oil Check

Taking your car to get your oil checked is a routine you should get used to. You are probably familiar with what to do when you want your oil checked. You take your car at a local mechanic or at the dealership where you purchased your car and in a jiffy, they will let you know your oil level. This has probably left you thinking, “Can I do it myself?”. Here is a DIY guide to checking your engine’s oil.

Step 1: Warm Engine 

Turn on your car to warm up your engine, not too hot or you can hurt. Once your car is turned off, open your car’s hood and find the oil dipstick (you can pull this from the engine).

Step 2: Using Dipstick To Check Oil

Once you pull dipstick from the engine, wipe off the oil from it. Once you have a clean dipstick, insert it back into the tube it came from and push it all the way in.

Step 3: Reading Your Dipstick

Pull out the dipstick and observe both sides of the dipstick to check where the oil has stopped. There are various indications that can help you determine your oil level. You can either have to pinholes, two markings reading “L” (Low) and “H”(High), two marking reading “Min” and “Max”, or crosshatching.

Step 4: Inspect Oil Color

Typically, the oil in your engine should be brown or black, or in between the two. If you pull out the dipstick and the oil seems light and milky, more than likely the coolant has leaked into the engine. This can be fixed at an auto service shop where they can drain the oil properly.

Step 5: Figuring Out The Oil You Need

If your oil is low, refer to your owner’s manual to inform yourself on which grade of oil you should be using. Your designated oil should look something like “OW-20” or “5W-30”. You can visit your local auto part store or any store that sells engine oil. If you want to buy a bundle, buy them in quarts for that is usually almost the amount you need every time you refill your engine oil.

Step 6: Pouring In The Oil

On top of the engine, you should be able to see your oil filler cap. Remove the cap and take a quart bottle of oil that you have purchased. With a funnel in hand, pour in your oil from your quart bottle a little at a time. Avoid overpouring, for this is not good for your engine. once you have added half a quart, let the oil settle and check the oil level with your dipstick (pr3eferably wiped off beforehand). Keep pouring small amounts at a time until your engine is full. Half a quart should do, but if you are still low or have just reached the minimum fill level, go ahead and use the rest of the quart. When you are filled, put the oil filler cap back on and make sure it is closed correctly.

Needing a Second Quart?

If your engine happened to be on empty in the beginning of the oil fill process and the first quart wasn’t enough, go ahead and add the second quart. Be sure to add a little as you go, stopping in between to check levels.

Checking your oil at home seems pretty easy right? Remeber, changing and checking your oil are two different worlds. If you do not know how to change and drain your engine’s oil, take it to an auto service shop.

 

Head over to Swapalease.com and check out all the of great lease vehicles they have to offer. Swapalease.com is an online marketplace that allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

 

 

Fall Car Care Month

It’s Fall Car Care Month! As winter approaches, it’s critical to make sure your car is in a condition where your car won’t break down, especially if you break down in a bad winter snow storm. Below is a checklist for your car to ensure your car is ready for winter. Visit your dealership or local auto mechanic.

Check Hoses and Belts Look for any cracks, any fraying or signs of wear and tear.

Replace Battery If Needed Be sure there is a clean connection and no corrosion.

Check Exhaust System Be on the lookout for any unusual noises, leaks, broken or damaged supports or hangers.

Check Steering and Suspension Steering and suspension systems should be checked annually. Make sure to check shock absorbers, struts and chassis parts.

Check Tires As some may know, the winter months and cold weather and mess with your tires. Be sure to check all the pressure in your tires and check your tread. Also, look for any bulges or bald spots. If there are any uneven balances in wear, it would help to have a wheel alignment.

Check HVAC (Heating, Ventilating, and Air Conditioning)

Check All Fluids Brake fluid, wiper fluid, power steering, antifreeze/coolant, engine oil.

Interior and Exterior Lighting Check to make sure interior lighting and lighting displays on the dashboard is working properly. Also check exterior lighting to ensure headlights, taillights, turn signals, and reverse lights are working.

 

If your current vehicle is not suitable for winter driving or you are just not happy with your car try out another one with Swapalease.com. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that allows drivers to list their current lease. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

 

Sunroof, Moonroof, or Panoramic?

So you have decided that your next car needs something different, something refreshing, like a sunroof! Or err…a moonroof? Panoramic sunroof?

Seems like there is more than one “car roof” than you thought, and you possibly are not even sure of the difference.

It’s ok, the three roof amigos seem to confuse a lot of people on their differences from one another. Keep on reading to understand more about their differences and awesome cars that have them!

Sunroof or Moonroof?

As many have heard of the “sunroof”, it is the generic phrase to describe the panel in the roof of a car which lets in sunlight. The sunroof is built into the roof of the car, typically with the same body color of the car and can be opened manually or electronically.

The “moonroof” is a common term used today to describe the inbuilt sunroof, a glass panel, the slides between the vehicle’s roof and headliner. It is practically the same thing as a sunroof, maybe the minor difference is the tinted glass panel.

There are countless options of cars with the sunroof/moonroof feature, standard or optional like the:

  • Honda Fit
  • Ford Fiesta Hatchback
  • Acura ILX
  • Buick Encore
  • Porshe Panorama

Panoramic Roof

Speaking of panorama, the “panoramic” sunroof/moonroof, has been classified as the “luxury sunroof”. This new sunroof is much larger and can also come in as a multi-panel moonroof (again, sunroof and moonroof are like fraternal twins). The panoramic sunroof/moonroof offers openings above both front and rear seats and may be opened electronically, or can be fixed into the roof of a car as unmoveable glass panels. Allowing refreshing light to flow in through its usually tinted glass roof. Below is a list of cars that come with standard panoramic sunroof/moonroof or have the option available:

  • Hyundai Sonata
  • Kia Soul
  • Ford Flex
  • Audi Q3
  • Jeep Cherokee

 

These lists can go on and on, and it is mostly a preference of how big you want your sunroof/moonroof. Would you like it only available above the front seats, or two panels: one for front and rear seats, or a large glass panel that stretches from the front to rear seats?

No matter what roof option you choose, Swapalease.com has a variety of vehicles with that awesome feature! We are the largest online lease transfer marketplace and have vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact us at 866-SWAPNOW.

Who Said Seniors Can’t Ride In Style?

Just because seniors are seen as “old” doesn’t mean they shouldn’t be out on the road! There are numerous cars that are built for everyone to ride, and a majority of them have the awesome perks of drive assist and blind spot monitoring. Buckle your seat belts, because here are four awesome rides seniors should be in, and available for lease!

2017 Chevrolet Impala

  • MSRP starting around $27,500, the 2017 Chevrolet Impala is the image for reliability and safety. This large sedan is an easy and comfortable ride with large controls and displays. It’s rearview camera makes reversing easier when stuck in a busy parking lot. It also carries the GM OnStar safety system, ready for hands-free calling, vehicle security, and collision assistance.

2017 Buick Encore

  • MSRP starting around $22,990, the 2017 Buick Encore subcompact SUV makes entering and exiting a breeze. Its rearview camera makes reversing easier. As well as the high seating positioning feature, get the most view possible. It also carries the GM OnStar safety system, ready for hands-free calling, vehicle security, and automatic crash notification.

2017 Subaru Forester

  • MSRP starting around $22, 595, the 2017 Subaru Forester offers the best visibility of almost all compact SUVs. It is also quite easy to enter and exit the vehicle. It’s rear-view camera makes backing out easy and convenient. It also has the option of obtaining the Eyesight Safety System, which provides blind-spot detection, rear-cross traffic alerts, pre-collision braking, lane departure warning and lane assist.

2017 Kia Soul

  • MSRP starting around $16,100, this sporty compact vehicle has low floors and big doors for easy entering and exiting. It also has plenty of cargo space to bring numerous items along for the ride. It’s active safety systems and forward collision warning helps keep the driver as safe as possible.

If you are looking for a car for a senior relative or if you are a senior who is looking for their new ride to show off, head over to Swapalease.com! We are the largest online lease transfer marketplace and have vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact us at 866-SWAPNOW.

The Leasing ABCs

You have begun searching online and reading up on information in leasing your first car? Unfamiliar terms can begin to sway your decision. Not to worry, here is a sneak peek at common leasing terms you will come across in your research and what they mean.

Did you know Swapalease.com has a Lease Glossary with even more leasing terms? Be sure to check it out for more information!

Dealer Participation: Amount dealer contributes to lower the total price of the vehicle

Depreciation: The value amount a vehicle loses over a specific period of time, or the difference between original price and residual value.

Disposition Fee: Amount paid at end of lease term, covering costs to prepare the returned vehicle for sale.

Lease Assumption: Refers to an outside party taking over a lease from the original lessee under the terms and conditions outlined in the original contract.

Lease-End Buyout: This is the originally contracted amount that the lessee can purchase the leased vehicle for at scheduled lease termination. This figure consists of the Residual Value plus the Purchase Option Fee if applicable.

Residual Value: Estimate worth of a vehicle as it ages, represented as a percentage of its original price.

Now that you have an idea of what you need, preparing to lease a car should be a little easier.

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW.

Lease Deals On 2018 SUVs For September!

 

 

 

 

 

 

September is rolling by and so are some new lease deals on 2018 SUVs!

Depending on your area, these deals can expire early October or late October, which means time is running out! If you have been waiting to upgrade your ride to a new SUV, check out the list of the few hottest 2018 SUV deals below.

Please check with local dealer for lease costs, monthly payments, expiration dates on deals, and mileage (if used).

2018 Volvo XC60

  • $449 a month, for 36 months, and $3,899 due at signing

2018 Dodge Durango SXT AWD

  • $379 a month, for 36 months, and $2,999 due at signing

2018 Volkswagen Atlas

  • $349 a month, for 36 months, and $3,299 due at signing

2018 Infiniti QX30

  • $319 a month, for 39 months, and $2,699 due at signing

2018 Jeep Cherokee Limited 4X4

  • $229 a month, for 42 months, and $3,499 due at signing

2018 Mazda CX-3

  • $219 a month, for 36 months, and $1,999 due at signing

Ready to lease out the SUV or look at any other vehicles you have your eye on? Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that carries a massive selection of vehicles to lease! For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

2018 Pickup Trucks To Consider Having

Buying a truck is liberating. You’re ready to head to the beach, the hills, or some fun mud riding with your friends.

The only problem is that there are so many options of trucks to choose from that settling for one can be a difficult task. Here are five models coming soon that many consumers don’t even realize they need in their life.

  • 2018 Volkswagen Amarak  V6
    • Starting at $28,850, Volkswagen pickup truck carries a diesel engine, containing 178 horsepower and 310 pound-ft torque. This heavy duty truck can also carry around 1070 pounds of cargo. It is expected to be released sometime near October.
  • 2018 Honda Ridgeline Type-R
    • Starting around the $35,000 to $40,000, the new Honda Ridgeline packs a 3.5-liter 6-cylinder turbocharged engine with 360 horsepower. Be on the lookout for this pickup around late 2017.
  • 2018 Mazda BT-50
    • Starting around the $20,000 – $30,000 range, the BT-50 holds a 2.2-liter 4-cylinder turbocharged engine, 375 pound-ft torque and 148 diesel horsepower. Expect this pickup by the end of this year or beginning of 2018.
  • 2018 Mercedes X-Class
    • Starting around $42,758, this Mercedes X-Class holds a 2.3-liter diesel, equipped with the X2200 turbocharger, packing 161 horsepower. Get your hands on this Mercedes truck sometime in 2018 (or as far as 2019).
  • 2018 Tesla Model U
    • Starting from $60,000-$70,000, Tesla had added this pickup truck to its list of “smart” vehicles. Its 2.2 liter 4-cylinder turbo charged engine packs a 375lb-ft torque and 148 diesel horsepower. Expect to see this “smart” truck sometime in 2018 or 2019 (better late than never).

With these pickups coming soon to a dealer near you, or later, with some of these awesome tech features included, it will be worth the wait! Be on the lookout and check out the selection of pickup trucks on Swapalease.com. Swapalease.com is the largest online lease transfer marketplace and has vehicles and customers in every state in the continental United States and Canada. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW

Summer Sun Can Be Not So Fun

The sun is beaming outside, and it is the perfect day to head to the beach and catch some rays. After you have had enough you can’t wait to get to your car to get away from the sun. But you take one step in your car and the heat is unbearable! Want to avoid getting into a not-so-hot car during these summer months? Here are a few things to consider to help you out.

Hide From The Sun

Depending on where you are, it can sometimes be difficult to not park in the sun. Here is what to look for before you park your car:

  • A parking garage if you are lucky
  • A shady area with trees or shade from a building
  • No shady area or garage? Face your car away from the sun, better to have the rear of your car catch the heat than the front where you will be

Avoid Your Car From Absorbing Hot Rays

Getting in your car after a hot day can be painful. Your body gets in contact with a hot seat, hot steering wheel, and a hot seatbelt. Try these quick hacks to keep your interior cool:

  • Cover steering wheel with a hand towel
  • Throw blankets over your seats that you or your occupants are going to use
  • Invest in a large window visor for your front and/or rear window and also small suction shades for all your window
  • Invest in tinting your windows 

Cooling Off 

No matter what hack you go through, there will be some level of unbearable heat in the car that you wish you can escape from. Once you are in your car and ready to go, here are some tips to help the heat escape from your car:

  • Blast your A/C and roll your windows down slightly. The hot air in your car will rise and escape through the slight openings while the cooler air circulates within your car.
  • Be sure to have the car moving while you blast the A/C. Your A/C needs air flow in order to turn the hot air into cold air.
  • Tip: Keep your windows slightly cracked so at least some hot air can escape while your car is parked.

Take this hacks and tips into consideration next time you go out for some summer fun. Did you know that dark interior and exterior cars absorb the most heat? If you are interested in a car that doesn’t get so hot, try a lighter colored car with lighter interior. Check out Swapalease.com, a large online marketplace for your next summer ride. Lease anywhere across the United States! For more information visit Swapalease.com or contact them at 866-SWAPNOW.

 

Mistakes To Avoid With Your Leased Car

Leasing a car can be confusing for first-time consumers and often, these consumers come face to face with dilemmas they put themselves in. If you are one of these consumers, here are some mistakes to avoid when having a leased car.

Not Tracking Miles Driven

Going over the mileage limit stated in the contract leads to fees you wish you weren’t paying along with your monthly payments. When negotiating a mileage limit, give yourself enough room depending on your work status or other factors that lead into how much your drive. Also, what if you need to make an unexpectedly long trip? At times, consumers agree to very small limits and soon regret it. Choose a limit that is flexible to your needs.

Ignoring Maintenance

When leasing a car, a few minor scratches is expected since we can’t really put a leased car in a protected bubble. However, if you turn in your leased car with more than just minor imperfections, you should expect to pay up for the damages. Any damage that happens to your leased car is your responsibility. From dents, to paint being removed from an accident, whatever it is, the consumer of the car needs to get those repairs done out of pocket before turning the car back in to avoid penalties.

Not Having Car Inspected Before Driving Off Lot

We get it, you just got your leased car and you are ready to take it home! Before you do that however, slow down and have it inspected by either the dealership you are leasing from or a certified mechanic. You don’t want to drive home with damages you didn’t cause, because in the end, you will be paying for them.

Leasing A Car Outside Your Budget

Many times, consumers want the car of their dreams and since they are leasing, they assume that since it is cheaper, they can get the fancy car they want. However, it doesn’t necessarily mean they can afford it. Be sure to go through your calculations and expected expenses on your car before leasing to make sure it fits within your budget.

Take these tips with you if you plan on leasing a vehicle or you already have your first leased car!

If you are looking to get into or out of a leased vehicle, check out the selection of vehicles online at Swapalease.com., the largest online lease transfer marketplace. For more information on finding the best car lease deals or to learn how you can have a successful car lease trade, visit Swapalease.com or contact them at 866-SWAPNOW