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.

Need To Know What Insurance You Need For A Leased Car?

As a reminder, coverage is mandatory on a leased car. When you lease a vehicle, it BELONGS to the leasing company. They want to make sure their investment is covered. You need to go out there and buy an auto-insurance policy. Leasing companies often require high liability insurance and some may require a lower deductible. Here are three coverages you should make sure you have (required to have) for your current or future leased car.

Collision Insurance

This insurance protects you if your leased car collides with another vehicle or object. It also protects you if your vehicle is overturned. You will most likely have a deductible.

Comprehensive Insurance

Like collision insurance, this also is subject to a deductible. Comprehensive coverage involves if your car got involved in a situation involving fire, theft, and weather damage.

Guaranteed Auto Protection (GAP)

GAP insurance is often seen as one of the most important coverages, but not all states have the option of getting it. GAP protects you if your leased vehicle is totaled or stolen.

As a result of a collision or comprehensive car insurance, repairs must be made by only using Original Equipment Manufacturer (OEM) parts.

After you’ve selected car accident insurance, and you expect to still be driving your car after the manufacturer’s warranty has expired, make sure you are also covered against expensive breakdowns and repairs that your auto insurance doesn’t cover.

If you need help finding the right car and the right insurance for it, help us help us help you! 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 the Automotive Industry Playing Catch Up?

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.

Are Autonomous Cars the end of Cruise Control?

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

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.

Don’t Let Those Summer Deals Fall Away

As summer begins to give way to autumn, consumers are flocking to dealerships to get into a new vehicle before the season ends. Many dealers, however, have been experiencing a shortage of cars on lots to meet the demand. This demand, paired with a decrease in price, has made trading cars much like having the latest smartphones.

An article in USA Today chronicled this rise in demand and shortage of vehicles on dealer lots. According to the article, the average car has been staying on the lot for about 30 days, half of what is considered normal. Manufacturers aren’t stepping up their production for fear of oversupply. However, dealers are in short supply of some of their most popular models.

If you find yourself wanting to get a car but the dealer doesn’t have it, why get stuck waiting? Taking over an existing lease through lease transfer is a much more convenient and cost effective option. Swapalease.com is the largest online marketplace for car leases and car lease transfers.  Swapalease.com has the vehicle you want without the wait.

Acting like a match-making site of sorts, individuals get matched up based on their preferences and needs. Drivers looking to exit their lease are matched up with someone willing to take it over.  Just as people look to have the latest smartphones on the market, Swapalease.com makes the trade-up process for your vehicle much easier. Don’t worry about inventory at a car dealer; just check out Swapalease.com for the car you’ve been 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, contact Swapalease.com at 866-SWAPNOW.

Electric Car Chargers Paving the Way

Tesla is by far one of the most well-known electric vehicles on the road today. Not only is driving one better for the environment but individuals who acquire a Tesla must also take into consideration their driving habits. Since it is still relatively new, chargers aren’t as readily available. The manufacturers at BMW might have come up with a solution.

BMW recently announced they are in the process of producing a supercharger, according to The Car Connection. BMW’s charger is lighter, cheaper, and smaller than most charging systems. Similarly, it can charge the battery quicker to about eighty percent in thirty minutes.

The connector of BMW’s charger, the SAE Combo 1, is already being used by other electric car manufacturers, such as Audi, Ford, Porsche, Volkswagen, and Chrysler, and won’t be exclusive to BMW. As the quantity of electric vehicles being driven continues to increase, these charging stations will be readily available for most electric vehicles.

While you may not have the kind of means to purchase an electric vehicle, Swapalease.com offers you a sweeter deal. Why buy a Tesla or BMW when leasing one is easier and much more budget friendly? Swapalease.com is a different kind of auto dealer. Being the internet’s largest online lease marketplace, Swapalease.com has exactly what you’re looking for.

Matching people up according to what they’re looking for, allows for a compatible outcome. Individuals looking to escape their lease are paired up with individuals step in and take it over.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.

Heads Up! Display That Opens Apps on Your Windshield

For years, auto manufacturers have grappled with ways to make using your phone while driving easier while maintaining proper driving safety. Technology giants such as Google and Apple have come up with systems, Android Auto and CarPlay, to enable using their respective software in certain car makes and models. Navdy, a company based in San Francisco, has come up with a way for the majority of the population to have interactive interfaces in their automobiles.

Navdy is in the process of manufacturing heads-up displays, or HUDS, that allow anyone with a car made after 1996 to use, according to a report in The Verge. This display interacts with your phone’s apps and allows them to be projected onto the car’s windshield. Instead of having to take your eyes off the road to answer a call, text or look at what your next turn is, the display will recognize gestures and react accordingly.

This technology is also a great example why people are looking to change cars more frequently. Rather than stay in the same car for six or seven years, drivers today want to change their cars as often as they change technology such as their smartphones. Swapalease.com helps facilitate this automotive desire.

Now you’re probably thinking, my car doesn’t have a touchscreen display and I won’t be able to use this technology when it becomes available. The good news is this technology will be accessible to anyone, not just an elite few. However, you don’t have to wait until Navdy’s HUD hits the market to drive in style.

Swapalease.com has the exact car, with the right amenities you are looking for. The largest online car lease marketplace allows you take over a lease of the car you want to drive. Serving as a sort of matchmaking site for automobiles, Swapalease.com matches individuals wanting to exit their lease with someone wanting to take it over.

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.