The Leasing ABCs

You have begun searching online and reading up on information in leasing your first car? Unfamiliar terms can begin to sway your decision. Not to worry, here is a sneak peek at common leasing terms you will come across in your research and what they mean.

Did you know Swapalease.com has a Lease Glossary with even more leasing terms? Be sure to check it out for more information!

Dealer Participation: Amount dealer contributes to lower the total price of the vehicle

Depreciation: The value amount a vehicle loses over a specific period of time, or the difference between original price and residual value.

Disposition Fee: Amount paid at end of lease term, covering costs to prepare the returned vehicle for sale.

Lease Assumption: Refers to an outside party taking over a lease from the original lessee under the terms and conditions outlined in the original contract.

Lease-End Buyout: This is the originally contracted amount that the lessee can purchase the leased vehicle for at scheduled lease termination. This figure consists of the Residual Value plus the Purchase Option Fee if applicable.

Residual Value: Estimate worth of a vehicle as it ages, represented as a percentage of its original price.

Now that you have an idea of what you need, preparing to lease a car should be a little easier.

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 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.

Lease Deals On 2018 SUVs For September!

 

 

 

 

 

 

September is rolling by and so are some new lease deals on 2018 SUVs!

Depending on your area, these deals can expire early October or late October, which means time is running out! If you have been waiting to upgrade your ride to a new SUV, check out the list of the few hottest 2018 SUV deals below.

Please check with local dealer for lease costs, monthly payments, expiration dates on deals, and mileage (if used).

2018 Volvo XC60

  • $449 a month, for 36 months, and $3,899 due at signing

2018 Dodge Durango SXT AWD

  • $379 a month, for 36 months, and $2,999 due at signing

2018 Volkswagen Atlas

  • $349 a month, for 36 months, and $3,299 due at signing

2018 Infiniti QX30

  • $319 a month, for 39 months, and $2,699 due at signing

2018 Jeep Cherokee Limited 4X4

  • $229 a month, for 42 months, and $3,499 due at signing

2018 Mazda CX-3

  • $219 a month, for 36 months, and $1,999 due at signing

Ready to lease out the SUV or look at any other vehicles you have your eye on? Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that carries a massive selection of vehicles to lease! 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

2018 Pickup Trucks To Consider Having

Buying a truck is liberating. You’re ready to head to the beach, the hills, or some fun mud riding with your friends.

The only problem is that there are so many options of trucks to choose from that settling for one can be a difficult task. Here are five models coming soon that many consumers don’t even realize they need in their life.

  • 2018 Volkswagen Amarak  V6
    • Starting at $28,850, Volkswagen pickup truck carries a diesel engine, containing 178 horsepower and 310 pound-ft torque. This heavy duty truck can also carry around 1070 pounds of cargo. It is expected to be released sometime near October.
  • 2018 Honda Ridgeline Type-R
    • Starting around the $35,000 to $40,000, the new Honda Ridgeline packs a 3.5-liter 6-cylinder turbocharged engine with 360 horsepower. Be on the lookout for this pickup around late 2017.
  • 2018 Mazda BT-50
    • Starting around the $20,000 – $30,000 range, the BT-50 holds a 2.2-liter 4-cylinder turbocharged engine, 375 pound-ft torque and 148 diesel horsepower. Expect this pickup by the end of this year or beginning of 2018.
  • 2018 Mercedes X-Class
    • Starting around $42,758, this Mercedes X-Class holds a 2.3-liter diesel, equipped with the X2200 turbocharger, packing 161 horsepower. Get your hands on this Mercedes truck sometime in 2018 (or as far as 2019).
  • 2018 Tesla Model U
    • Starting from $60,000-$70,000, Tesla had added this pickup truck to its list of “smart” vehicles. Its 2.2 liter 4-cylinder turbo charged engine packs a 375lb-ft torque and 148 diesel horsepower. Expect to see this “smart” truck sometime in 2018 or 2019 (better late than never).

With these pickups coming soon to a dealer near you, or later, with some of these awesome tech features included, it will be worth the wait! Be on the lookout and check out the selection of pickup trucks on Swapalease.com. 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

Mistakes To Avoid With Your Leased Car

Leasing a car can be confusing for first-time consumers and often, these consumers come face to face with dilemmas they put themselves in. If you are one of these consumers, here are some mistakes to avoid when having a leased car.

Not Tracking Miles Driven

Going over the mileage limit stated in the contract leads to fees you wish you weren’t paying along with your monthly payments. When negotiating a mileage limit, give yourself enough room depending on your work status or other factors that lead into how much your drive. Also, what if you need to make an unexpectedly long trip? At times, consumers agree to very small limits and soon regret it. Choose a limit that is flexible to your needs.

Ignoring Maintenance

When leasing a car, a few minor scratches is expected since we can’t really put a leased car in a protected bubble. However, if you turn in your leased car with more than just minor imperfections, you should expect to pay up for the damages. Any damage that happens to your leased car is your responsibility. From dents, to paint being removed from an accident, whatever it is, the consumer of the car needs to get those repairs done out of pocket before turning the car back in to avoid penalties.

Not Having Car Inspected Before Driving Off Lot

We get it, you just got your leased car and you are ready to take it home! Before you do that however, slow down and have it inspected by either the dealership you are leasing from or a certified mechanic. You don’t want to drive home with damages you didn’t cause, because in the end, you will be paying for them.

Leasing A Car Outside Your Budget

Many times, consumers want the car of their dreams and since they are leasing, they assume that since it is cheaper, they can get the fancy car they want. However, it doesn’t necessarily mean they can afford it. Be sure to go through your calculations and expected expenses on your car before leasing to make sure it fits within your budget.

Take these tips with you if you plan on leasing a vehicle or you already have your first leased car!

If you are looking to get into or out of a leased vehicle, check out the selection of vehicles online at Swapalease.com., the largest online lease transfer marketplace. 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

Car Lease Transfer

Some leasees find themselves ready to give up their leased car before their lease period ends. The majority of these leasees are transferring their lease for the first time and it is helpful to know a few important factors that go into transferring a car lease to a new owner. If you fall into this category, read below on how you can successfully transfer your car lease!

Is A Transfer Available?

Leasing companies tend to allow transfers of leases, but there are a few out there who do not have this option available. You should read your lease contract or ask the leasing company if they can transfer. Also, if a company does have the option to transfer, lease transfer must have fallen between a certain time frame after the car has been leased.

Who Can Take Over Your Lease?

Whether the transfer is for a close friend, family member, or some random person who is interested, you should give a detailed explanation of what the terms are of the lease and what payments still need to be made. If you have trouble finding someone to transer your lease to, try posting classified ads in the local newspaper, posting an ad in your local supermarket, or posting on a public online message board.

Found A New Lease Holder, Now What?

Once you have found someone agreeing to take over your car lease, it is necessary for them to complete a credit application, which is available if you call your leasing company and grab a copy of the application or the new lease holder calls and gets one.

Once the credit application has successfully gone through, it is smooth sailing from here. You and the new owner of the leased car will need to complete a short transferral form to complete the process. The leasing company will notify you when the transfer is complete and will give the car to the new owner.

 

The opportunity for you to transfer your lease is an easy process with Swapalease.com! Swapalease.com is the largest online lease marketplace with the best car lease deals. Call to learn how you can have a successful car lease trade at 866-SWAPNOW.

Get Couped Up In These Fuel Efficient Two-Seaters

Summer is blazing away and consumers are in season to trade in their car or lease out a car. Cruising in a two-seater actually sounds pretty nice as your next ride, right? Because of the summer traveling you might do or just want to downsize the size of your car, here are the top three fuel-efficient two-seater coupes and a few features! Dive into their specs and see which one is calling your name!

Mazda MX-5 Miata Sport

Starting: $26,395

MPG: 26 city/ 35 hwy

Engine: 2.0 Liter, 148 lb-ft of torque, 155 horsepower and 6-speed Sport automatic transmission

Features: LED headlights, black drop top with rear glass window, Bluetooth, and dual airbags and side-impact airbags.

Audi TT Coupe

Starting: $43,500

MPG: 23 city/ 30 hwy

Engine: 2.0 Liter. 258 lb-ft of torque, 220 horsepower, 6-speed S tronic® dual-clutch transmission, and quattro® all-wheel drive.

Features: Full LED headlights, rearview camera, Audi Side Assist, Bluetooth, and driver and front passenger dual-stage airbags, front thorax, side airbags, knee airbags, and Sideguard® head curtain airbags.

Porshe Cayman

Starting: $52,142

MPG: Manual 20 city/ 23 hwy | PDK Automatic 22city/ 32 hwy

Engine: 2.7 Liter, 6-cylinder, 275 horsepower, 213 lb-ft torque, and 6-speed manual rear-wheel drive and PDK Automatic.

Features: Low and high beam xenon headlights, ambient dimmable LED lighting, high-resolution 4.6 in. color display, Bluetooth, and full-size front, head, thorax, and knee driver and passenger airbags.

Ready for your dream two-seater coupe? Luckily, Swapalease.com offers all these models you just looked over, and more! 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

Upcoming “Gotta Have It” Cars You Need!

With the summer months ready to fly by in an instant, this means dealerships are getting ready to put out new cars in a couple months that are creating a stir, becoming “gotta have it” rides to show off during the remainder of the year. Here are a few of the anticipated cars coming late summer and fall.

Late Summer

2018 Volkswagen Tiguan – Mid-Size Sporty SUV

  • MSRP starting at $24,995
  • Engine 2.0 L 4-cylinder, Standard turbocharged 200-hp engine and available 4MOTION all-wheel drive, 6-speed automatic transmission with Sport mode
  • 40/20/40-split folding, sliding rear seats
  • Rearview Camera System and VW Car-Net® Security & Service

2018 Alfa Romeo Stelvio – Hatchback

  • MSRP starting at $41,995
  • Engine 2.0L Direct-Injection I4 Intercooled Turbo Engine, 280 HP*, 306lb-ft of torque, 8 Speed Automatic Transmission
  • Standard 40/20/40 split fold-down rear seat
  • Integrated Brake System, Standard Backup Camera with Rear Park Sensors, Available Forward Collision Warning Plus

Fall

2018 Ford F-150 – Truck

  • MSRP starting at $27,380
  • Engine 3.3L V6 that generates 282-horsepower and 253 lb-ft of torque, 10-speed automatic transmission
  • Cargo Box Length @ Floor (in) 78 and Cargo Volume (ft³) 62.3
  • 360-degree camera technology helps with parking and connecting a trailer, Segment-first Pre-Collision Assist with Pedestrian Detection, Lane-Keeping System

2018 Buick Regal TourX – Mid-Size SUV

– MSRP starting at $mid-$30,000

  • Turbocharged 2.0-liter inline-four that puts out 250 horsepower and 295 lb-ft of torque. Intelligent all-wheel drive
  • 33 cubic feet of space behind the rear seats, and those seats fold to create a 74-cubic-foot hold
  • Side Blind Zone Alert, Forward Collision Alert with Following Distance Indicator, Forward Automatic Braking, Front Pedestrian Braking and more.

2018 Kia Stinger – GT Concept Sports Sedan

  • MSRP starting $35,000-to-$45,000
  • Turbocharged engines, both matched with an 8-speed automatic transmission. The available twin-turbo V6 engine offers over 360 horsepower
  • 2.0-liter turbocharged 4-cyl engine, 255 hp and 260 lb.-ft. of torque
  • Cargo dimensions not available at this time (But enough to fit even two gold club carriers and more!)
  • Driver Attention Alert (DAA), a Kia first, Forward Collision Assistance (FCA), Autonomous Emergency Braking (AEB), Advanced Smart Cruise Control (ASCC), Lane Keep Assist (LKA), Blind Spot Detection (BSD), Rear Cross Traffic Alert (RCTA)

Got your mind going? Great because did you know Swapalease.com, the largest online lease transfer marketplace, carries inventories from these same brands and similar models? Swapalease.com is the online marketplace with 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.

Types of Car Leases

You are ready to have a car but buying one is the issue. So you turn to leasing. You might have heard the typical “short/long-term” lease or “used car” lease but here are a few more specific options for you that you should be informed about.

Open-End Leases

A less common lease, this type of lease is used by businesses or those who find themselves traveling more than others. Consumers should expect:

  • Higher monthly payments
  • Having to pay for depreciation if car is under market value
  • If car does not depreciate, you may not be required to pay additional fees
  • Quicker depreciation due to excessive wear or mileage
  • No mileage restrictions

Close-End Leases

A most common lease consumers go for, where at end of lease you can “walk away”. It entails the usual:

  • Good credit gives you the chance of lower monthly payments
  • Agreeing to the fixed number of years lease contract states
  • Keeping up with required maintenance of car
  • Staying within pre-determined mileage
  • Returning car to dealership at end of the lease

“Option to Buy” Lease

This leasing option, particularly for new car leases, gives you the option to purchase the car at the end of the lease. Here are a couple tips towards the end of this lease:

  • When going over “option to buy” pricing, make sure to negotiate price and have it listed in the contract before signing. Is the negotiated price higher or lower than the car’s market value?
  • At the end of the lease, you can either pay cash to buy the car or finance the buyout price
    • If you decide to finance, be sure to negotiate interest rates.

Single-Payment Lease

Speaking of cash, this is where the single-payment lease comes in. Did you know you have the option to put a large amount of cash money down on a lease?

  • You can pay entire sum of the lease when you sign. This helps get rid of monthly payments and can possibly help eliminate most of the monthly interests.
    • Paying a large amount up front can help you catch a better deal on your purchase price
  • Finance rates will be lower and the chances of getting approved for this lease is better
  • With this lease, all the costs will be presented up front in the contract so you can see all the fees and other costs

Subvented Lease

This type of lease is quite unique. Offered by finance companies associated with a particular manufacturer, these leases are available because automakers need to get their inventory moving, especially those in low demand. With this lease:

  • It may only be available to those with great to excellent credit
  • If you qualify, it can save you a lot of money
  • Interest rates are lower
  • Estimated depreciation is lower, which can lead to lower monthly payments.

Now that you got a little insight on these numerous leasing options, it still can be scary and might get you confused in which option to go for. Luckily, Swapalease.com can help! Swapalease.com is the online marketplace with 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.

Celebrating The 4th of July With Liberty and SUV Lease Deals For All!

Get you sparklers ready and jump for joy because there is something else you should be celebrating on 4th of July: lease deals! That’s right, half of the year is already over and dealers are offering unbeatable deals on SUVs! Planning a 4th of July trip with your family? Take a look at these SUVs and you might find your new ride! Hurry before these deals end!

  • 2017 Honda HR-V
    • Subcompact SUV, 28 city/34 highway, 5-seater, cargo volume 23.2 to 24.3 ft³, 55.9 to 58.8 ft³ with seat area.
    • *Offer valid through July 5th: $179/mo for 36 months. $2,299 due at signing.
  • 2017Jeep Renegade
    • Subcompact SUV, great for off-roading, 24 city/31 highway, 5-seater, cargo volume 18.5 ft³, 50.8 ft³ with seat area.
    • *Offer valid through July 5th: $219/mo for 36 months. $3,499 due at signing.
  • 2017 Kia Sorento
    • Mid-size SUV, 21-city/ 28 highway, 5-7 seater, cargo volume 11.3 to 38.8 ft³, 73 to 73.5 ft³ with seat area.
    • *Offer valid through July 10th: $224/mo for 36 months. $2,599 due at signing.
  • 2017 Nissan Murano
    • Mid-size SUV, 21 city / 28 highway, 4-5 seater, cargo volume 32.1 ft³, 67 ft³ with seat area.
    • *Offer valid through July 5th: $259/mo for 36 months. $ 3,599 due at signing.
  • 2017 Ford Expedition
    • Large SUV, 15 city / 21 highway, 8-seater, cargo volume 18.6 ft³, 108.3 ft³ with seat area.
    • *Offer valid through July 5th: $539/mo for 36 months. $2,939 due at signing.

*Prices May Vary Depending On Dealer*

Ready to lease out the SUV or look at any other vehicles you have your eye on? Swapalease.com has been helping people who want to switch up their ride for more than 15 years. Headquartered in Cincinnati Ohio, Swapalease.com is an online marketplace that carries a massive selection of vehicles to lease! 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

First Time Leasing? What Documents to Have.

Leasing a car is a tedious process and it is important that you are starting it correctly. This means gathering the important documentation required to be able to lease a car. If you are interested in leasing a car and don’t know what you should have with you, here are some documents to remember and documents to expect!

  • Your Personal Information
    • Signed credit application that lists all personal and appropriate credit information during your application process
    • Your full name, home address (and time you have lived there), date of birth and social security number
    • Copy of Driver’s License
    • Amount of mortgage/rent
  • Additional Paperwork
    • Proof of residency if you have lived at home address for a short period of time
    • Proof of income
    • Copy of social security card and birth certificate if an error occurs through identification on credit report
  • DMV Requirement
    • Proof of insurance
  • Lease Contract
    • Lists interest rate, fees, and payments throughout the term as well as the lease-end buy-out amount.
    • Contract termination details and termination fees as well as a lack of insurance penalties and over-mileage penalties.
    • Documentation of all vehicle information.
    • Required to sign all documentation within the contract and yourself and your bank will receive copies.

Now that you have an idea of what you need, preparing to lease a car should be a little easier. 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 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.