Trading Your Car Mid-Lease

When you lease a car instead of buying it, you don’t have to worry about common car concerns. But you’re also not building equity in your lease. It’s impossible to trade in a leased car for the money in the same way you might trade in a car you own. But if you find yourself mid-lease ready to trade, here are a few things to keep in mind.

Know your payoff amount and trade-in value

Be sure to obtain the payoff amount left on your existing contract and make note of date through which your payoff amount is valid. This amount can make a difference in how much of the difference you will be paying. If your payoff amount is higher than the trade-in value, it will be more expensive to trade out and it will be unlikely to break-even.

What to do at the dealership

Many cases, lessees stick with their same dealership that they leased from but there also is to option of taking it to other dealership as long as they carry the same brand. Just be sure to go to the dealership that has the car you want. When you are there, make sure to let the salesperson know that your current vehicle is leased and provide her/him with your payoff information.

Two ways the dealership can handle your lease

The dealer can give you the trade-in value for your car and payoff your lease to buy a car from the leasing company. For your new car deal, the difference between your trade value and payoff lease will be either positive equity or negative equity. The dealer can also write a check for the remaining payments and turn your car into the leasing company. The amount can be included in your new car deal.

Knowing that you aren’t truly stuck in your car lease can feel freeing! Swapalease.com is the largest online lease marketplace and they have what you’re looking for. Functioning as a sort of matchmaking service for cars, Swapalease.com helps individuals get more cars at an affordable price.

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.

Things To Know About Leasing With Bad Credit

Usually, with bad credit, it is nearly impossible to lease out a car but there is hope! If you are approved for a lease with your low credit, here are a few things to prepare for.

Bad to fair credit gets you a lease that is more expensive than a driver who has good credit. You will find yourself paying a higher interest rate and possibly a security deposit if your credit is really bad.

When you are approved you might end up as a subprime lessee. Subprime loans are loans made at higher interest rates for borrowers with bad credit and don’t qualify for the ordinary loans and you might deal with unfavorable terms.

Typically companies don’t approve someone with bad credit, but companies like Kia Motors Finance have made an impact with approving those who don’t have that good to excellent credit. If you can get a lease, make sure to stay on top of it!

The best way to calculate how much you can afford is to put together a budget of all your other expenses, such as housing, food, and investments. Whatever is left after accounting for all non-car expenses will be the amount you can spend on leasing a car. Keep in mind to avoid too many miles to avoid the overage fees and avoid excessive wear and tears.

Did you know when leasing a car with low monthly payments, this gives you the chance to improve your credit! To find out which vehicles you could afford, contact Swapalease! Swapalease.com is the largest online lease transfer marketplace. 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.

Millennials and Car Leasing

The rate at which millennials prefer leasing cars continues to increase. In 2016, 1/3 of millennials chose to lease a car over buying a car. Here are a few reasons leasing is becoming their go-to method:

Millennials have become accustomed to budgeting in order to pay for monthly payments such as credit cards or their cell phone bills. Lease payments are typically lower than the monthly loan payments for the same car if it was bought. These lower payments benefit their financial lifestyle and they don’t see it as overwhelming. Overall, leasing is less expensive for them.

These young buyers are more also flexible with the idea of owning a car. 25% to 39% of millennials will keep the car for five years or less so it makes sense to lease it. They also want to have cars with the latest tech and once a new car comes out with upgraded tech, they will move on to that one.

The benefit of owning (but really leasing) a new car at a low price point with the latest features is a win for millennials. But they should also keep in mind that any car payment, whether on a loan or a lease, needs to fit financially with their lifestyle so they can pay off their debt and save up for retirement.

If you’re one of these Millennials that is more interested in leasing a car than buying one, check out Swapalease.com where you have the ability to take over the remainder of somebody else’s lease anywhere across the United States. 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.

Remote Starters are Back, But This Time It’s an App.

Technology in the automobile industry has been thriving, from GPS to in car Wi-Fi.  Lately, many new cars come with the option of a remote starter app.  Remote starter keys have been around for a long time, and has evolved into an app that can be downloaded on to smartphones and even some smartwatches.  There are many perks to having yet another command at the touch of your smart phone.

One advantage over having an app rather than a remote starter is that it is said to be able to reach the car from a further difference.  There are a number of convenient features that are found between the different apps that make it so you don’t even need your car key… or half of your dashboard for that matter!  Many of them can perform the standard locking, unlocking and car starting, but some of them do so much more.

Some of the features help with locating your car, such as honking your horn and flashing your lights, and even a vehicle finder.  Of course, many electric cars need special attention too, and there are apps for that!  The Nissan Leaf app shows the battery life and estimated driving range.  One can even schedule charging times.

Having these features are not just for easy remote access, but are very relevant for safety notifications as well.  Having the ability to find your car, especially at night or in a parking garage is dangerous, and many of these new features can assist someone find their car.  Second, if you are able to see your mileage or tire pressure before entering your car, it can be beneficial, especially if there is bad weather or you are in a dangerous area.

Being knowledgeable about your car before getting in it is one of the many improvements we have seen in automotive technology.  This keeps drivers alert, and keeps them from being distracted.  And of course, who doesn’t love adding one more app to the collection?

If your current vehicle isn’t connected to the IoT, why not get into one that allows you to have all of these awesome features? Swapalease.com allows you to take over the remainder of a lease at a budget-friendly price. There is no down payment required and you get more car for your money.

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 Sales, Will They Continue Through the Rest of the Year?

Car sales have really taken off in the first quarter of 2015 and auto experts say this year will surpass 2014’s car sales. However, is this increase starting to taper off? According to Fortune, the auto industry won’t be able to sustain this increase in auto sales for long.

There were 16.5 million vehicles sold in 2014 and automotive organizations are optimistic that they will surpass last year’s sales. Ford, for example, is forecasting 17.2 million sales in 2015. As consumers are feeling the wear and tear of their ten-year-old car, drivers want to try out the latest technology in newer models.

Consumers who are looking to get a new car and want to try out a specific make or model can do so by taking over the remainder of a lease. Swapalease.com gives drivers the luxury to, in a sense, try out a vehicle with a short-term commitment. This gives consumers the freedom to upgrade at their convenience and budget.

As auto sales have seemed to slow, consumers are looking to other options other than buying a vehicle. Why be stuck in a five- or six-year loan when you can save money and drive a couple of cars in that same time period?

In an age where we like to upgrade as often as possible, Swapalease.com allows drivers to do so with their vehicles. After all, why not drive the latest and greatest models? Taking over the remainder of a lease requires no money down, relieves the current lessee of their responsibility and is a budget-friendly option. What more could you ask for when looking for a new car?

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.

What Lower Gas Prices Mean for Hybrids and EVs

Hybrids and EVs had experienced a nice boost in sales because of how high gas prices had risen. As gas prices started to steadily decrease last year, consumers resorted to old shopping habits and sales of trucks and crossovers started to pick up again. Though gas prices have slightly increased, consumers are still looking for bigger vehicles to accommodate their need for space.

A recent Chicago Tribune article mentioned how, even after President Obama’s urging and incentives for sales of hybrids and EVs, consumers are attracted to roomier options like crossover SUVs. Lower gas prices play a big role in swaying consumers’ buying options, as most of those purchasing cars are older Millennials.

Though President Obama cautions that gas prices won’t stay low forever, Americans have taken their steady low prices as a sign to get into bigger cars. Americans’ need for roomier, more comfortable cars coupled with the lower gas prices has made hybrids and EVs less attractive. What’s more, as the economy also recuperates and consumers are more confident in their buying power, bigger cars are more attractive.

For drivers who are currently looking for crossover SUVs or are looking to get out of their EV lease, Swapalease.com offers the best solution. Why not have the car that you’ve always dreamed of having at a much more affordable price? By taking over the remainder of a lease, you get just that.

Swapalease.com allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. Both parties get what they’re looking for. With gas prices as low as they are, it might be the perfect time to ride around in a crossover SUV for a very affordable price.

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.

Automotive Sales Slow After Steady Growth

Auto sales seem to have taken a back seat after steadily increasing for a few months. A recent article in The New York Times stated that some of the country’s biggest automakers reported a slight decrease in new car sales. Though the car giants reported selling 1.55 million vehicles in March, the April sales have decreased.

Auto experts forecast that auto sales in 2015 will surpass the 16.6 million vehicles sold in 2014. General Motors reported a 2.4 percent decline compared to 2014. Ford also reported a 3.5 percent decrease in sales. Honda experienced a 5.3 percent decrease in new car sales.

What does this mean for the consumer? Many are coming off leases and are in need of a new car. Unless they plan on purchasing the car, they will be in the market for a new vehicle and dealers are ready to cut a new deal with returning customers.

However, not everyone is looking to purchase a new vehicle or start a new lease. For those who want to have a short-term commitment taking over a lease can be the best option. With no need for money down, it is the best way to get more car at an affordable price.

Taking over the remainder of a lease can be a breeze. Buyers looking for a shorter-term commitment are matched up with sellers looking to exit their lease early. Swapalease.com helps individuals get what they are looking for, without much hassle. Why not upgrade as often as you’d like? If we can do it with smartphones, we should be able to do it with cars.

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.

Electric Vehicles and the Used Car Market

Electric vehicles have steadily grown in popularity and appealed to many drivers, however the cost has not always made EVs available to all. What’s more as technology continues to advance, the price of EVs have similarly increased. However, as the stock of the used car market increases drivers are now able to own electric vehicles at a lower price.

A recent article in WRAL.com talked about how the EVs currently coming off of leases will enter the used car market and will therefore be more affordable for consumers. President Obama set a goal for 1 million electric vehicles by 2020 but the cost of producing and owning an EV is not something drivers are automatically drawn to. What’s more, as gas prices have decreased from a few years ago there has been an increase in SUV purchases.

However, as EVs come off leases and enter the used car market consumers are now able to drive environmentally friendly cars, up to a third of the original price according to the article. For individuals who have always wanted to drive an EV, there might be an even more cost-effective way to get into your dream car.

Swapalease.com offers individuals the chance to take over an existing lease. Instead of being stuck in a long-term contract, why not take over an existing lease and have an extended test- drive? Taking over an existing lease gives you more freedom and helps you save money.

For those who are looking to get out of their current lease and would also like to save money, Swapalease.com helps match sellers and buyers together. Both parties get what they’re looking for, without the hassle of down payments and excessive fees.

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 Ease of Upgrading and the Automotive Industry

Consumers have become accustomed to always having the latest and greatest technologies at their fingertips. It is no exception with cars. As technology has continued to advance, the upgrades cars have experienced have been uncompromised and drivers have taken notice. What’s more, with the ease that has allowed consumers to upgrade as they wish, it is no surprise this idea has started to infiltrate the automotive industry.

A recent article in MainStreet talked about how people have come accustomed to negotiating everything like they do their smartphone plan. However, when it comes to negotiation a car lease consumers can’t have this mindset. Since car leasing has steadily grown in popularity, consumers must be aware of what kind of deal they’re agreeing to when they sign a lease agreement.

It is important to think about two main things: how much you will end up paying a month and the initial payment, according to the article. Don’t get so caught up in all parts of the lease agreement that you end up with a bad deal. Nevertheless, there is an option for individuals who are currently stuck in their lease and would like to exit their lease before it’s due.

Swapalease.com allows drivers to exit their lease early. Most dealers require you to pay out the remainder of your lease agreement in order to be free from your commitment. However, Swapalease.com helps drivers who no longer wish to be stuck in their lease get out early. By matching buyers and sellers, those looking to take over a short-term lease help individuals looking to get out.

By making upgrading your ride easily, the automotive industry might be making negotiation a car lease like a smartphone plan a feasible plan.

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.

Is Buying or Leasing Better for Me?

When it comes to making a decision about getting a new car, consumers are faced with choosing whether they’d like to purchase or lease their new set of wheels. Many people have opted to lease their new vehicles for various reasons. When it comes to purchasing a new car, consumers don’t see the appeal of being stuck in the same vehicle for the next five to seven years.

Leasing offers drivers a chance to be in a car they normally wouldn’t drive if they opted to purchase. What’s more, buyers usually need to put a substantial amount of money down in order to have affordable monthly payments. Lessees usually put less money down and have very affordable monthly payments.

An article in Tulsa World explained the difference between buying and leasing the same vehicle. Leasing is a shorter-term commitment that allows you to drive something new every couple of months, or years, depending on what kind of lease agreement you sign. Who wouldn’t want to drive the latest model when it comes out?

When it comes to getting out of an existing lease, most people will have to pay a substantial amount of money to be free of their lease. However, it doesn’t have to be this way. Swapalease.com allows individuals who no longer wish to be stuck in their lease, a chance to get out of it. Buyers looking to take over a short-term lease are matched up with the sellers looking to exit their lease early.

When it comes to driving, why not enjoy your vehicle? If you upgrade your phone every couple of months, or with every release, why not your 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.