Monthly Archives: September 2014

Is the Automotive Industry Playing Catch Up?

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Technological advances have increased at such a rapid rate that other industries are still playing catch up. The automotive industry, for example, has recently made some progress in incorporating cutting edge technology into some of the most popular makes and models. With systems like Apple’s CarPlay and Google’s Android Auto now being offered to drivers, the automotive industry is finally making its way into the connected technology realm. This can be seen in some of the newest car leases offered today.

According to an article in The Detroit News, this new wave of technology hitting the automotive industry is making way for new players, such as Tesla and other electric vehicles, to become major contributors. Though the article talked about how this technology wave can negatively impact the auto industry, the point that needs to be made is that the auto industry has fallen behind with regards to technology and connectivity and must take steps to stay in the game.

Consumers aren’t only interested in hearing about how many miles per gallon a car gets or its engine size, they are also interested if it offers Wi-Fi and how the vehicle accommodates their lifestyle. With electric vehicles growing in popularity, the need for clean, fuel-efficient models will meet this rising need. Though not all drivers can afford to purchase these environmentally friendly models, Swapalease.com offers a cost effective alternative.

As the largest online car lease transfer marketplace, Swapalease.com helps drivers to exit their lease early by matching them with individuals looking to take the lease over. What better way to get into your desired vehicle? Assuming a lease saves money and time.

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, visit Swapalease.com or contact them at 866-SWAPNOW.

Auto Industry Experiencing Nice Boost

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As the economy continues to flourish, consumers are more confident making important and long-term purchases such as buying a car. What’s more, as Millennials are entering the workforce and adulthood many are purchasing their first car. As the automotive market continues to grow, consumers have more options when making the decision to purchase a car.

A recent report in Auto Remarketing divulged the results of the most recent Experian Quarterly Briefing. There are more vehicles on the road this year than the same time last year. A total of 249 million vehicles, compared to 247 million in 2013. What does this mean? The automotive industry has experienced a nice boost in automobile sales, especially in used cars.

Also, auto lenders have expanded their lending portfolios giving more buyers the opportunity to own a new or semi-new vehicle. Allowing buyers to take out 66- or 72-month loans, lenders are trapping drivers for the next few years in one vehicle. But why get stuck in a long-term loan when leasing a car allots drivers the opportunity to drive a new vehicle every year or so?

Car leasing has grown in popularity lately and it is a much smarter, cost-effective solution to purchasing a vehicle. Swapalease.com is the largest online lease marketplace helps drivers exit their lease early. Individuals looking to take over the remainder of a lease are matched up with someone looking to exit their lease.

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Are Autonomous Cars the end of Cruise Control?

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As auto manufacturers continue to develop technology that helps drivers, such as cruise control, we can expect more advances to be made in the next couple of years. We have already heard about Google’s driverless cars that are being tested in California. Audi has also been developing technology that will take over a car’s steering under certain conditions.

A recent article in Forbes described how GM is also developing and testing the technology that will aid drivers, however it is not calling it autonomous driving. By 2017, GM’s luxury line of vehicles will be equipped with ‘Super Cruise’ technology, which can take control of the vehicle for a prolonged period of time.

GM’s super cruise technology is similar to Audi’s cruise automation and won’t completely take over steering, accelerating and braking of the vehicle. However, under certain circumstances, such as driving on the freeway, the driver is able to turn it on like cruise control, sit back and enjoy the ride.

With all of these advances being made in the automotive world, vehicles are now seen as disposable as cell phones. If we are able to upgrade our phones every year, why not be able to upgrade our vehicles as well? Swapalease.com makes that option viable. As the largest online lease marketplace, Swapalease.com makes it easy for you to get into a new vehicle more often.

By matching individuals looking to get out of their lease early with someone interested in taking over the remainder of that lease, Swapalease.com acts as a sort of matchmaker for car leases. What are you waiting for? Your perfect match is waiting to be found.

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Auto Leasing Helping to Support the Auto Industry

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2014 has been a good year for the automobile industry so far. Auto sales have been steadily increasing and strengthened by Millennials as they continue to enter into adulthood and the work force. Moreover, car lease sales have increased by 25.6% according to a recent Experian finding.

A recent CNBC article expressed how the number of leased cars has increased, especially in the first quarter of 2014. Drivers have realized that leasing a car, many times, is more affordable and convenient than purchasing a car. Drivers who lease cars instead of purchase one are return customers, according to an Automotive News report.

The report detailed how 400,000 customers will be returning their leases this year and most will sign new ones for another two-to-three years. With this kind of turn around, the auto industry will always benefit from leased vehicle loans. For individuals who want to exit their lease early, Swapalease.com has the tools to facilitate the process.

Swapalease.com is the largest online lease marketplace with vehicles and customers in the United States and Canada. Swapalease.com matches you with someone looking to take over your lease. Why purchase a car and get stuck with it for the next five or six years, when you can take over a lease, making it a more economical and short-term decision?

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Auto Industry Getting Social

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As technology continues to evolve and improve our lives, it has also served to bring us all closer together. Consumers are always looking to the latest and greatest phones to stay modern and up to date. Verizon Wireless, the mobile communications giant, will debut a smartphone app that will allow car sharing and benefit rental car companies.

It is no surprise that, as technology advances, we look to leading companies for cutting-edge products. The auto industry has done a great job coming up with what we will all be driving in the near future, driverless vehicles. However, until this is ready for drivers and traffic, we must content ourselves with the technology we have now, including Verizon’s mobile app.

Verizon Wireless announced that it will release a mobile app that will allow rental car customers to unlock a vehicle, according to Automotive News. As car manufacturers continue to integrate smartphone technology into displays, Verizon’s app will appeal to corporate fleets as well as for car-sharing services.

For individuals who don’t own a car and often rent one to get places ought to consider leasing a car. Swapalease.com is a different kind of online lease marketplace helping individuals stuck in their lease, get out. Leasing a car is not only cost-effective but you can get the latest technology at a fraction of the price of owning a car.

So what are you waiting for? Swapalease.com will match you with the car and lease that best fits what you’re looking for and will help throughout the process. 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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Higher Prices, Longer Loans and the Auto Industry

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As the economy has slowly recovered from the Great Recession, the auto industry has seen a major increase in auto sales and loan lengths. Recently, lenders have become more comfortable loaning to subprime and deep subprime buyers. Researchers and analysts have taken notice and are weary of what these practices hold for the future of the auto industry.

An article in the Associated Press stated that financial institutions have begun to offer longer loan lengths and approve borrowers who would have been denied the loan in the past. As the average price of a vehicle has been consistently rising, borrowers have been forced to take out six and seven year loans in order to keep the monthly payments more manageable. And it’s not just on the finance side, as Swapalease.com has also experienced a rise in subprime shoppers applying for lease takeovers.

Dealers have also been offering big discounts in order to get more drivers through the door. Experts are cautioning lenders and the auto industry of the possible future effects because these discounts and lengthy loans resemble the same reasons of the economy’s downturn a few years ago.

Taking over a car lease is a smarter and more cost-effective choice to purchasing a car, particularly for those individuals in good credit standing. Why take out a 72-month loan when you can take over a car lease on Swapalease.com and drive a newer car every year or so? Drivers looking to exit their lease early are matched up with individuals looking to take over that lease. Don’t get sucked into a long-term deal when there are short-term solutions to getting into that sought-after vehicle.

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Car Shopping Also Appeals to Women

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It has often been said that women are usually the decision makers of when families get a new car. If this is so, why aren’t more dealers advertising to women? A recent survey conducted by Swapalease.com found that women are more comfortable and confident negotiating than some men. This is because more are doing their due diligence and research before making the final decision on a vehicle.

A recent article in Auto Remarketing explored why women are becoming more comfortable going to dealerships when purchasing a car and what they look for in a sales adviser. For many women, buying a car is an emotional as well as financial decision and investment. They want to be reassured they are making the right decision. That is why many women cite respect as the most important factor when visiting a dealership.

Women have had a stigma that they aren’t able to negotiate or don’t understand the ins and outs of buying or leasing a car as well as men do. It is no surprise respect is the most important factor for many women. However, car dealerships aren’t the only place women can go to find a car. Swapalease.com has the best deals on thousands of leases. And in this marketplace, women enjoy the fact that they are working with other individuals when shopping for their next vehicle.

The largest online lease marketplace, Swapalease.com helps individuals looking to get out of their car lease. These individuals are matched up with drivers looking to take over the remainder of the lease. As women are more confident and comfortable negotiating, taking over a car lease not only makes sense financially but it also allows women to deal directly with the lease owner. Why pay a dealer fee when taking over a lease is more budget friendly?

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.