Monthly Archives: January 2015

Length of Auto Loan Can Be Costly

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Auto loans have been steadily increasing in length and experts are concerned of what this will mean for the automotive industry. According to the Detroit Free Press, “the longer you take out a car loan, the more chances you’re taking with your finances.” Who knows what the economy will be like in six years? In addition, consumers that take out a six year loan can spend an extra $4,000 just on interest. Why be tied to one car for so long? With all the new trends and technologies rapidly coming out every year by the time those six years are up you will want to catch up.

Nevertheless, there are additional income-friendly options for car shoppers. Swapalease.com is the leading online lease marketplace, offering people a chance to exit their lease early. Lease buyers can choose to take over a lease, saving money and getting into a newer vehicle. Leasing has recently helped the auto industry, and consumers have been taking advantage of this more inexpensive option.

Loans are now being stretched out for longer terms in order to make vehicles more affordable and easier on consumers’ pockets. Why not skip chaining yourself to a five or six year loan when you can drive a different car every two to three years? Leasing offers more cars at an affordable price.

Being efficient in your car shopping is essential in getting a good deal. 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.

The Auto Industry Interrupted by Millennials?

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Millennials have changed the way the automotive industry must market vehicles. Why? Simply put, Millennials are challenging the need for cars. Tucson.com recently issued an article regarding the impact Millennials will have on the auto industry in delaying buying vehicles. Most Millennials prefer public transportation or ride-sharing because it not only saves money but is also better for the environment.

As Millennials graduate college and enter the work force, many are delaying making major life decisions. What’s more, as Millennials are graduating with more debt, having a harder time securing jobs and living at home longer, many are not able to take on the financial responsibility of owning a car. Add in the fact that many don’t have their driver’s license, it’s unclear the kind of impact this will have on the automotive industry. All that said though, the flexibility of leasing might be more appealing to Millennials.

For Millennials looking to have the freedom that comes with owning a car, taking over a lease might be the most suitable option. Not only is it much cheaper than purchasing a vehicle, no down payment is required, it’s also a shorter-term commitment. Instead of being stuck with the same car for the next few years, by taking over an existing lease you are committed to a car for about 24 months.

Those who are currently stuck in their lease, Swapalease.com helps them exit their lease early. By listing their lease on Swapalease.com, individuals are matched up with those looking to take it over, releasing drivers from the contract.

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.

Auto Financing and Leasing: Options for Consumers

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The automotive industry has grown exponentially, reaching 16.5 million vehicles sold in 2014 and an estimated 16.9 million for 2015. With the rise in auto sales, it is no surprise that consumers are feeling more confident in the economy and willing to spend more money. However, experts are wary of the cost of new vehicles and how this affects consumers.

The Center for American Progress recently stated that auto finance is the third biggest credit market in the country behind student loans and mortgages. The article went on to say that at least 86 percent of families own at least one vehicle and are American’s most common asset. What’s more, as the cost of buying a new vehicle continues to rise consumers need to borrow more and for longer in order to bring the monthly payment down.

The article also mentioned that 85 percent of new vehicle and 54 percent of used car sales are financed. With so many vehicles being financed, consumers must be mindful of their monthly budget in order to afford brand new models. For drivers looking for a shorter-term, more affordable commitment leasing a car might be the better option.

Swapalease.com, the largest online lease transfer marketplace, is the place to go for short-term leases. Why would I want to take over a lease? Not only is it a more economical option to purchasing a car, you are not stuck with it for the next few years. For those looking to exit their lease early, listing it on Swapalease.com is one way to avoid breaking your lease and having to be penalized for exiting your lease early.

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.

Technology and Leasing Go Hand in Hand

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Technology – we can’t escape it. From the latest phones, to smart homes, to cars technology is the hot commodity that keeps on getting hotter. The automotive industry has seen a significant increase in the way technology is presented and used in vehicles. Consumers want to drive cars with the latest gadgets available, yet not all can afford to because technology packages hike up the overall price. However, buying a car isn’t the only option when choosing to get into a new car.

The popularity of leasing has been steadily increasing and will continue its climb if the cost of owning a vehicle also increases. Though the economy has been improving, gas prices decreasing and consumer confidence experiencing a boost, not everyone is looking to take on the long-term commitment of owning a car. A recent article in the New York Times talked about how technology has, in a way, helped increase auto lease sales. There were 16.5 million new vehicles sold in 2014, the highest since 2006, and a quarter of these sales were leases.

The article went on to say that consumers aren’t as concerned with the overall cost of something as they are with monthly payments. Therefore, leasing has found a favorable audience, especially with Millennials. As Millennials’ influence and purchase power grows, automakers will need to find a way to cater to this demographic and leasing is one way in doing so.

However some might find that leasing a car for 3 years is still a long-term commitment. Swapalease.com, the largest online lease marketplace, lists leases that allow buyers to take over. If you find you no longer need your leased car and need to exit your lease early, Swapalease.com will list it and match you with someone looking to take it over.

No down payments are required and both parties walk away with what they’re looking for. 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.

New Car in the New Year? Make Sure You Know Your Options

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It’s January, the beginning of a new year. For many it also means deciding to get a new car. The average American family car is around a decade old and many are looking to get into something different. However, buying a new vehicle isn’t as easy as many would like it to be. The good news is that the shopping process can start from the comfort of your own home.

In the world of interconnectivity, it’s becoming very common for consumers to do due diligence before purchasing a new car. The Internet makes it very easy to browse through different inventory and see many makes and models before ever setting foot in a dealership. A recent article in Boston.com explained the difficulty involved when deciding to purchase a new vehicle.

What’s more, the price of new cars has seen steady increase and consumers have been borrowing more and for longer in order to afford their new vehicle. But for those looking to get more car for their money, buying might not be the best option. Leasing has grown in popularity and taking over an existing lease, most of the time, requires no down payment and will save you money.

Thinking of handing in your lease before it’s due? Be ready to shell out some extra cash for “breaking” the terms of the contract. If you’re seeking a more favorable option, check out Swapalease.com. Listing your lease on Swapalease.com, the largest online lease transfer marketplace, will help you connect with someone looking to take over the remainder of your car lease.

No need to step foot onto a car lot. Being efficient in your car shopping is essential in getting a good deal. 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.

The Appealing Side of Leasing a Car in the New Year

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Car buying today has come a long way. Where leasing was once seen as a privilege for those who were able to drive a new car every few years, it can now be seen as a more affordable option than vehicle ownership. The cost of owning a car has steadily risen due to higher prices and lengthier loan terms. People now have to borrow more and longer in order to afford a new vehicle.

Are you thinking twice about leasing a car? Not everyone is convinced of the power of leasing. According to Business Insider, leasing from a cost standpoint might sound less appealing. If you have 20% down and a five-year loan, (in the sixth year) the car can be yours with no more payments. What if someone isn’t able to make a 20% down payment? It might take much longer to achieve that goal. Being able to lease a car has many advantages. You are able to get your dream car and pay much less and always have a brand new car.

The recent article from Business Insider also presents that leasing a car you will be stuck in a contract with stiff financial penalties to pay. What happens if you were to switch jobs and have a longer commute? Or move and no longer need a car? Swapalease.com is the perfect answer to these questions. You don’t have to feel like you will be trapped with the car or half to save up 20% to buy a car plus 5 year loan.

Swapalease.com offers individuals to leave their leases with few penalties, if any. For consumers who are looking to get a new car leasing might be the perfect decision, especially if you’re looking for a shorter-term commitment then getting stuck with the same car for the next 72 months. Swapalease.com offers an alternative to buying a car.

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.