Monthly Archives: July 2014

What Does Today’s Company Car Look Like?

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Since the Recession, Company Cars Have Become More Diverse, and Entrepreneur-Focused

What does today’s company car look like? Make and model aside, what is different between the type of car used for business today versus five or ten years ago? Sure, many business people, as well as businesses, lease a car, particularly for tax benefits. But what else has changed since the recession?

Swapalease.com, the world’s largest online marketplace for car leases, works with professionals of all business sizes to find the right match for their company car. Below are some highlights of recent marketplace analysis you might be interested in for a story on how the company car has changed over the years:

  • 55% of Swapalease.com customers are leasing their car for business, up from 52.5% in 2010. This shows that car leasing for business continues to grow coming out of the recession, and mirroring the growth of the broader economy.
  • The majority of business customers lease their vehicle for an average of 18 months, down from 23.4 months in 2010. This shows that more businesses are looking for shorter terms on their company car lease in an effort to keep more flexible terms on the contract.
  • 27.6% of Swapalease.com business customers consider a hybrid vehicle model when shopping for their next company car, up from 18.2% in 2010. This shows that businesses are looking to be more environmentally friendly with their company car today.
  • 36.3% of Swapalease.com business customers are either entrepreneurs or from “family business” entities, up from 27.2% in 2010. This growth mirrors economic trends following the recession when many people were downsized from their corporate jobs and started their own businesses.

“The company car of today has undergone a noticeable shift compared to years past,” said Scot Hall, Executive Vice President of Swapalease.com. “Prior to the recession, many professionals and executives preferred entry- and mid-size European luxury brands. However, today our business customers drive a more diverse set of vehicles, including trucks, domestic sedans and hybrids.”

No doubt, the company car of today, reflecting more diverse choices, is different than what it was five years ago.

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.

Top Down, Wind Blowing – That Convertible is Calling Your Name

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Summer is now in full swing and if you live in most Southern states this means hot temperatures through the day. As more families and individuals take road trips or flock to beaches to cool down, some want to enjoy the weather and put the top down. What better way to enjoy the open road than with a convertible?

Thestreet.com recently released their “Top 10 Best Convertibles for Summer 2014” and rounding out the list at number one is the Audi S5. The perfect combination of sleekness and elegance, the Audi S5 will get you noticed and anywhere in style. Catering to multiple drivers, the list has family-friendly as well as need for speed models. From American made cars such as the Ford Mustang and Chevrolet Camaro to German built models like the BMW 6 series or the Porsche Boxster.

Here are a few convertible choices from Swapalease.com:

Getting into the driver’s seat of any of these vehicles has never been simpler. Swapalease.com makes it easy to get more car at an affordable price. Why get trapped in a multiple year loan when you have the option of always driving the latest models? Summer is about enjoying your vacation, family and the warm weather so what are you waiting for? With Swapalease.com you can drive a convertible in June and an SUV in December.

Swapalease.com is the largest online lease marketplace. Individuals wanting to take over a lease are matched with those looking to exit their lease. Once two matches are found to be compatible the process to transfer the least title begins. It’s simple and easy.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW.

Politicians, Campaign Money and Car Leases

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Politicians are usually at the mercy of their donors. Being able to justify their expenses is a big part in continuing to receive funding. New York assemblyman Dov Hikind has caught the attention of some ethics watchdogs lately for spending around $800 of campaign money on his car lease.

A recent report in the New York Observer told of Mr. Hikind’s car lease expense and how he was able to write it off as a campaign expense. Spending $800 on a car lease may seem like a frivolous expense, and in today’s car marketplace, there are plenty of other options at different price points.

Swapalease.com may be able to help, particularly if Mr. Hikind wishes to change into a different vehicle at a lower monthly price point. There’s a good chance his ethics watchdogs would approve, as well. Swapalease.com is the largest online car lease marketplace. They offer the best deals for any budget.

It is common knowledge that once you sign a lease, it is nearly impossible to get out of it, unless you buy it out. There is another choice. Swapalease.com is a different kind of auto shopping center. They match individuals who want to get out of their car lease with individuals looking to take over the lease and the process is begun. It’s simple and easy.

The next time you find yourself needing to justify why you spend an extravagant amount of money for your car lease, remember to check out Swapalease.com.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW

Good for the Environment, Better for your Wallet

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As climate change has become an increasingly important factor for many when choosing to drive a car, hybrid and electric cars have seen an increase in popularity. When these vehicles were first introduced, mainly affluent individuals were able to drive them. However, in recent times these vehicles have seen a reduction in total cost making them more accessible to the general public. What’s more, hybrid and electric vehicles have been more widespread in attractive lease offers as of late.

Electric cars have also seen an increase in sales in recent years, according to a report in newsobserver.com. The decrease in price, increase in public car chargers and incentives of owning an electric car has drawn greater interest than before. As technology has improved and climate change brought to consumers’ attention, more motorists opt to drive electric vehicles to help the environment.

There are numerous benefits of driving an electric vehicle. Not only do drivers receive incentives but the cost of maintenance is virtually nonexistent. Add that to reduced fossil fuel emissions and little reliance on oil, making it a very attractive option for many. In addition to these lease deals, many drivers enjoy knowing they can upgrade their EV technology every two- to three years through lease program.

If you’re currently looking to do your part in caring for the environment, what better way than by driving an electric car? Getting into an environmentally friendly car has never been easier. Swapalease.com is the largest online lease marketplace matching individuals looking to exit their lease with individuals looking to take over a lease. Once individuals are paired up, the transfer process is begun.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW.

Teaching Cars to Drive Themselves

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Cars that drive themselves seemed like a futuristic thing just a few years ago but tech giants, like Google, and auto manufacturers, like Audi, are beginning to develop them. Google’s driverless cars don’t even have steering wheels, any accelerator or brake pedals. All it needs are two buttons – one to turn on and one for emergency. Similarly, Audi has been developing a program that will allow cars to drive themselves.

An article in The Verge explains how Audi is making this possible. Although the program won’t allow you to snooze while driving, it can take over the steering while on the freeway. This program, called Cruise Automation, can be turned on like you would cruise control and it will steer, brake, and avoid objects. Unlike Google’s car, Cruise doesn’t replace the driver. It’s meant to exist somewhere in between driverless cars and cruise control as we know it.

As this kind of technology evolution becomes available in cars, drivers will want to change their vehicles even more frequently. In today’s world, we are able to change cars like we do our cell phones, which average approximately 21 months according to Recon Analytics. Swapalease.com is the place to go to find what you’re looking for when you want to escape your car lease or assume a short-term car lease. The largest online lease marketplace, Swapalease.com offers tons of deals on many makes and models.

Why be held captive by your current lease? Swapalease.com is a different kind of online automotive marketplace matching individuals looking to transfer out of a lease with individuals looking to take over a lease. The process is seamless and simple.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW.

Smart Cars, Smart Phone Technology

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Technology has made getting your phone system to work in your car so much easier. Both Google and Apple have been developing software that enables you to use your phone in your car, nearly hands free. Though most cars now have Bluetooth and touchscreen center screens, Apple’s CarPlay and Google’s Android Auto both allow the software from their phones to take over the center console screen of a car.

By connecting your phone either through a lightning cable or MicroUSB, individuals are able to access their phones and certain apps, like maps, Siri or Google voice, in their cars. A recent Time news article  also noted that both corporations are soliciting app developers to make some apps available in cars, such as your favorite music provider. Apple’s CarPlay also allows you to write a text message and answer calls through the car’s speaker system. By enabling this technology in cars, Google and Apple are aiming to make driving safer.

As technology advances, people don’t want to feel trapped in their current car. Why should they when the easy answer is to simply transfer out of the car lease? Swapalease.com is the place to go. It is the leader in lease transfers and assumptions and the largest online lease marketplace.

Swapalease.com has a variety of lease listings, just waiting to be taken over. The world’s largest online lease marketplace matches individuals looking to get out of their lease with individuals wanting in, saving both party’s time and money.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW.

Shorter Lease Terms, Quicker Turnarounds

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Leasing cars has become more popular, post-recession. Folks want to drive the newest models without being stuck in them when they become outdated. Cars have essentially become like cellphones. Mobile carriers have acknowledged that consumers want to upgrade their phones each year and now offer plans that allow you to do so. Leasing cars isn’t much different in this day and age with dealers offering consumers the opportunity to drive the latest models.

Recently, Toyota has seen an increase in their 24-month lease contracts. Why? Simply put, drivers don’t want to be caught in a long-term agreement when they have the option to drive the newest models every other year. Longer lease agreements, though still popular, lock you in for a longer period of time requiring you to wait longer to drive the brand new makes and models.

A recent report in Automotive News explained this trend stating that shorter lease terms absorb the vehicle’s abrupt initial depreciation. Consumers also prefer shorter lease agreements because of lower maintenance costs, less commitment and the ability to remain in a fairly new car.

If you’re currently stuck in your lease but are looking for a way out, Swapalease.com is the place to go. It is the largest online car lease marketplace and has helped thousands of customers successfully get out of their lease. Swapalease.com matches individuals looking to get out of their lease with individuals wanting in.

The online marketplace 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, contact Swapalease.com at 866-SWAPNOW.