Monthly Archives: February 2015

Uber’s Tricky Financing Terms

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For drivers with low or poor credit, buying a car can prove to be a challenging experience. For those who have always dreamed of owning a car, Uber may have a solution though experts are wary of their terms and conditions. An article in Nerd Wallet talks about the kind of deal Uber is offering its divers looking to own a car who may have poor credit.

The article talked about how difficult it can be for subprime lenders to get a loan at a car dealership and what Uber is doing to help those drivers out. By putting $2,000 down to begin a lease, the ride-sharing company will simply deduct payments from drivers’ paychecks, as little as $17 a day. However, not everyone is convinced this is the best way to own a car.

Industry experts say that, though it may be difficult to get a car loan, banks have been willing to work with subprime lenders. Usually borrowers have to pay higher interest rates but there is less risk involved in those kinds of loans compared to what Uber is offering. What’s more, there has been more subprime lending as of late, which makes it easier for those lenders to get a new car.

For lenders who have good credit and are looking to get into a new ride, Swapalease.com may have the perfect solution. As we begin to treat cars like phones, always on the lookout for the newest model, why not take over an exiting lease? Drivers who are looking to exit their lease early list it on Swapalease.com and are matched with buyers interested in taking over their lease.

In most cases, sellers offer incentives and no down payments are required. Both parties benefit from the transaction. 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.

Technologies Becoming Obsolete in Cars

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Cars now-a-days come with all the bells and whistles. Most cars come with the usual technology such as navigation systems, satellite radio, and in-car apps. But are some of these technologies becoming obsolete in newer cars? A recent article in The New York Times explains how technology that was once so popular is not really necessary in cars anymore.

The article points out three technologies that are not needed in cars anymore such as CD players, GPS, and automaker app systems.  For example, the article states that the ownership of CDs has greatly decreased yet cars still come equipped with CD players. Also, most cars have navigation systems built in, especially with CarPlay and Android Auto, so GPS’ are no longer needed. What’s more, automaker car apps are outdated because our phones have everything consumers need.

Most people today want to drive around in the latest cars with all of the latest technology and as more of it comes standard, some of the older, outdated technology has no use or purpose in newer cars. However, a lot of the higher-end technology does not come standard and those packages on new cars can really raise the price tag.

We’ve seen the price of new vehicles increase and consumers must take out longer loans in order to make monthly payments manageable. For those who want to have more car for less money, taking over an existing lease is a sound, budget friendly option.

Taking over an exiting lease helps both seller and buyer. Instead of losing money when handing in their lease early, a seller will list it on Swapalease.com the largest online lease marketplace, and will be matched up with an interested buyer. Both parties get what they are looking for, saving money in 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.

Automobiles, IoT and Hackers

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Technology has advanced so quickly that it’s been difficult to stay up to date at times. However, as cars continue to communicate more with each other, and soon to our homes as well, it’s no wonder there could be some dangers with how data will be available and how easily tech-savvy cars can be hacked.

USA Today recently released an article talking about what the automotive industry should be aware of as technology for cars becomes fancier and standard in new models. At a Delphi sponsored hack-a-thon, high school and college age kids as well as seasoned hackers, were able to hack into cars, unlocking and turning them on remotely. As automobiles begin to speak with each other and traffic systems, hackers could possibly get into these systems.

Experts, in the article, say that new software and hardware must be created in order to maintain drivers’ records and cars safe. With these technology advances becoming the norm in automobiles, it is no wonder the cost of owning a car has increased. Many consumers must take out a loan longer than 5 years in order to keep monthly payments down. Technology does improve our lives but it may also makes things out of our financial means.

Though we are a few years away from everything being connected, for consumers looking to experience the technology that is now available on newer models, there is another option. Taking over the remainder of a lease saves you money and you’re not stuck with the same car for the next few years. Consumers looking to exit their car lease list it on Swapalease.com and are matched with those looking to take over the remainder of it.

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.

Cars, Technology and the Future

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Cars with no steering wheels and no pedals are a lot closer to being a reality than many of us might have imagined. Google has already started working on an autonomous car and hopes to make them available to the public in the next few years. Autonomous cars will bring with it many benefits, according to CNN Money. For both rural and urban residents, autonomous cars can solve many difficulties drivers in both communities face.

According to the article, autonomous driving will make it easier for those who must drive into the city for work and for those living in cities. As car ownership begins to decrease with Millennials being more concerned about the environment, autonomous cars would be more fuel efficient and environmentally friendly as technology continues to advance.

Though residents in rural areas will still own a car, having options on how to get to the city will make for an easier, smoother commute. With car sharing and services like Uber and Lyft increasing in popularity, as well as younger consumers not owning a car, autonomous cars will make driving a no-brainer.

Autonomous cars will not be available to the public for a couple of years and for those who still get excited about that new car smell, taking over a car lease can be the next best thing. Since we are always looking to upgrade and for the next best thing, taking over the remainder of a lease is one way to do this. What better way to get into the newest cars and latest models?

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’s Subprime Bubble?

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With the beginning of the year showing much promise for the automotive industry in 2015, some experts are beginning to question if subprime lending will be a bigger issue. Banks and other financial institutions have found that subprime lending is an untapped market and they are willing to work with subprime lenders offering high interest rates and longer loans in order to make owning a car affordable.

The cost of owning a vehicle has increased and most consumers have been required to take out a 60- or 72-month loan in order to keep the monthly prices low. A recent article in the New York Post reported that experts are worried how subprime loans will affect the automotive industry. With a growing number of subprime loans and high interest rates on these loans, experts are worried of the risky implications of this practice.

What’s more, other industry experts say that there is no real risk in the amount of subprime lending because of the ways dealers can manage delinquencies on loans. However, for consumers not comfortable being stuck in the same vehicle for the next several years, there are other options. Taking over the remainder of an existing lease is less expensive, short-term alternative.

Swapalese.com helps individuals exit their lease early and allows others to take over the remainder of that lease. For individuals who no longer need their leased vehicle, exiting their lease early helps them save money. For those who no longer wish to drive their current vehicle and want something new, taking over an existing lease allows for that excitement every few months.

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.

January Sales Show Strong Automotive Industry

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As the novelty of a new year wears off, it seems that the automotive industry has been continuing its steady profit increase that began in 2014. According to a recent WSJ article, the auto industry experienced nearly a 14% sales increase in the month of January alone. With gas prices decreasing, it is no surprise that pickups and sport utility vehicles were the majority of the cars sold.

When Congress bailed out General Motors Co. and Chrysler Group a few years back, President Obama’s goal of reaching 1 million EV sales by 2015 will not be met. Despite great tax incentives, consumers seem to be taking advantage of lower gas prices and are more willing to buy bigger cars such as pickups and sport utility vehicles.

Swapalease.com is the perfect place to find exactly what you’re looking for. Whether you’re looking for a more fuel-efficient, eco-friendly vehicle or something a little bit bigger such as an SUV or truck, Swapalease.com will help you find a vehicle that best suits you.

In the world of instant gratification and ever changing technology, it’s no wonder drivers want to upgrade their car as often as they do their phone. However if you’re stuck in your lease, breaking it could be costly. Why not exit your lease early by having someone else take over its remainder? By listing your lease on Swapalease.com you will be matched up with someone looking for a shorter commitment by taking over what remains on your 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.