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 Electric and Hybrid Cars Fall 2017 and 2018

The movement of the auto industry going greener is moving quickly and more car brands are jumping on board with releasing either all-electric cars and/or hybrid cars. Here are 5 eco-friendly cars to consider arriving this fall and in 2018.

BMW i8S Hybrid

  • 1.5L 3 cylinder engine mated to its electric motor. More than 386 HP and 428 lb-ft torque. 77 mpg on a combined scale. A hybrid powertrain is expected to deliver an all-electric drive range of up to 334 miles. Expected arrival: end of 2017

Lexus RX 350H Hybrid

  • 3.5-liter V6 engine along with a 126 kW electric motor. 264 HP and 275 lb-ft and combined to be around 320 HP and 342 lb-ft torque.43 mpg city/39 hwy and 41mpg combined. Expected arrival: late 2017 or early 2018

Mercedes-Benz C350e Hybrid 

  • 60 kW, 80 HP electric motor along with a 208 HP gasoline counterpart. Combined output of 205 kW or 275 HP along with 443 lb-ft of torque which will rev within a range of 1200 rpm to 4000 rpm. Battery uses a 240 volt outlet takes 2.5 hours to charge completely while using a 120 volt plug could extend charge time to 8 hours and above. Expected arrival: Fall 2017

Subaru Impreza Hybrid

  • 2.0L 4 cylinder engine with an ingenious CVT (Continuously Variable Transmission), with an integrated electric motor to produce more than 164 HP and 170 lb-ft torque. 38 mpg city/ 36hwy and 37 mpg combined. Electric drive range of 52 miles. Expected arrival: end of 2017

Toyota Camry Hybrid 

  • 2.5L 4-cylinder mill with dual VVTi (Variable Valve Timing with Intelligence) with an electric motor to deliver more than 180 HP @6,000 RPM and 174 lb-ft torque @4,200 RPM. 37 mpg city/33 hwy and 35mpg combined. All-electric drive range of up to 50 miles. Expected arrival: Fall 2017.

Ready to make the move to a fuel efficient and eco-friendly car? Swapalease.com offers a handful of options you can lease at a great deal!

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

 

Driver Safety Tips For Crazy Weather

Summer is here and for some states, it is as hot and bright out as ever! But some states are experiencing heavy rain. Dangerous conditions on the road can lead to dangerous accidents, but by following some tips while driving through crazy weather, you can reach your destination more safely. Here are some driver safety tips while driving in the rain and why not throw in some snow tips as well!

Driving In The Rain

  • Driving through heavy rain can be nerve-racking. Take your time and try not to rush to your destination. Driving too fast can cause you to lose control and hydroplane, especially if you hit an oil spill.
  • Be sure to not tailgate! Tailgating is often the cause of rear-end accidents and through the rain, it is harder to stop as quickly as if the roads were dry. Keep your distance.Even if it is bright as it can be outside. Because rain impairs the vision of many drivers, having your headlights on and rear lights on helps drivers see you more easily, especially in heavy rain where visibility is almost non-existent.
  • Even if it is bright as it can be outside, have your lights on in the rain. Because rain impairs the vision of many drivers, having your headlights on and rear lights on helps drivers see you more easily, especially in heavy rain where visibility is almost non-existent.

Driving In The Snow

  • Like driving through the rain, you also have the chance of sliding in snow or ice patches on the road. Drive slow and keep a good ten-second distant from cars. Cars tend to react more slowly in the snow so be sure to keep a steady pace. When you are coming up to a stop light, turn, and hills, keep the steady pace and do not rush. Slow down and safely stop when needed.
  • Be sure to check your tires. Cold weather reduces tire pressure, which can lead to a blowout or a flat tire while on the road.
  • Check your tailpipe! Because of how heavy snow can fall and build on the ground, it can get inside your tailpipe and get stuck. Compacted snow in your tailpipe can lead to carbon monoxide poisoning in the car. So before you go anywhere, check and clear out your tailpipe.

Remember, do regular checkups on your car’s maintenance to ensure that no matter what weather condition you are driving through, you will get there safely. If you need to upgrade your ride, check out the selection 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

Top Luxury Cars of 2017

Critics have been keeping their eyes on luxury cars and they have their top picks for the year! The list is quite long so here is a sneak peek at four luxury cars and their quick specs that just might persuade you to have one for yourself!

2017 BMW 2-Series (230i Coupe) – Starting $34,140

Rear-Wheel Drive • Keyless Entry 2-Door • 4 Passenger • Subcompact Car • 335HP • 8-Speed Automatic • MPG 24city/35 highway • Perimeter/Approach Lights • Fully Automatic Aero-Composite Halogen Daytime Running Headlamps w/Delay-Off • Trunk Storage of 13.8ft³

2017 Porshe Macan AWDStarting $48,550

All-Wheel Drive • Keyless Entry • 252HP • MPG 20 city/25 highway • 7-Speed Transmission • 4.8 in. Color Screen • Hi-Definition Rear Camera • Perimeter/Approach Lights • Fully Automatic Projector Beam High-Intensity Low/High Beam Daytime Running Auto-Leveling Headlamps w/Washer and Delay-Off • LED Brakelights • 2 LCD Monitors In The Front • Trunk Storage of 17.7ft³ • 53.0ft³ with Rear Seats Folded

2017 Tesla Model SStarting $68,000

All-Wheel Drive • Keyless Entry • MPGe 102 city/107 highway • 240volt/48amp Charger and Wall connector • LED Adaptive Headlamps • 17-in. Touchscreen Display • Hi-Definition Rear Camera • Fully Automatic Projector Beam Led Low/High Beam Daytime Running Auto-Leveling Auto High-Beam Headlamps w/Delay-Off • Perimeter/Approach Lights • LED Brake lights • Front Trunk and Rear Trunk • Storage of 31.5ft³

2017 Rolls Royce Wraith CoupeStarting $317,700

Rear-Wheel Drive • Keyless Entry • 624HP • MPG 12 city/ 19 highway • 8 –Speed Auto• Rear-Hinged or “Coach” doors • Rear-View Camera • Programmable Projector Beam High-Intensity Low/High Beam Daytime Running Auto-Leveling Directionally Adaptive Headlamps w/Washer and Delay-Off • Perimeter/Approach Lights • LED Brakelights • Trunk Storage of 17ft³

Interested in having a luxury car of your own but worried about the cost? No worries! Did you know Swapalease holds a large selection of luxury makes just as you saw above!?

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.

Girls Gone Miles: Top Cars College Grads are Escaping Post-Graduation

It’s that time of year again, college graduation. Many upcoming graduates will begin their transition from student life to the real world, starting new jobs and moving into their first homes. They are also switching out their pre-grad cars into newer cars that represent their upcoming post-grad independence into life. Take a look at the top cars grads are getting rid of and the top cars they are getting after they graduate, according to transfer trends on Swapalease.com, the online lease marketplace that allows consumers to upgrade their car while staying within their budget.

Here are the top 5 Cars Students are Getting Out of as They Graduate:

  1. Toyota Camry
  2. Ford Fusion
  3. Nissan LEAF
  4. Toyota Prius
  5. Ford Edge

Here are the Top 5 Cars Recent Graduates are Getting into After They Graduate:

  1. BMW 4 Series
  2. Dodge Charger
  3. Audi A5
  4. Ford F-150
  5. Lexus IS 250

Other Notable Transfer Trends:

College with the Most Domestic Cars

  • 89% University of Michigan
  • 75% Rutgers
  • 66% Northwestern

Colleges with the least domestic Cars

  • 0% LSU & NC State
  • 1% Harvard & University of Washington
  • 8% UCLA

Colleges with the Most Foreign Cars

  • 100% NC State &LSU
  • 99% Harvard & University of Washington
  • 92% UCLA

Colleges with the Least Foreign Cars

  • 11% University of Michigan
  • 25% Rutgers
  • 34% Northwestern

Colleges with the Highest Average Monthly Payment

  • $1,081 LSU
  • $938 Alabama
  • $648 Rutgers

Colleges with the Smallest Average Monthly Payment

  1. $317 Ohio State
  2. $414 NC State
  3. $453 UCLA

Specific College Stats

Los Angeles, CA (UCLA)

  • BMW is the most popular car brand
  • The 73% of cars leases being exchanged are foreign vehicles
  • The average monthly payment for vehicles in the Los Angeles area is $453

Ann Arbor, MI (University of Michigan)

  • Most leases from Ann Arbor are being traded to Florida
  • Dodge Charger is the most popular car
  • The average monthly payment for vehicles from Ann Arbor is $467

Austin, TX (University of Texas at Austin)

  • Most lease transfers from Austin go to Dallas
  • The most popular vehicle is the BMW 4 Series
  • The average monthly payment for vehicles from Austin is $576

Raleigh-Durham (North Carolina State University)

  • Most lease transfers from the Raleigh-Durham area are transferred to Florida
  • The BMW 4 series is the most popular vehicle from the Raleigh-Durham area
  • The average monthly payment for vehicles from the Raleigh-Durham area is $414

Columbus, OH (Ohio State University)

  • Most lease transfers stay within Ohio.
  • Toyota is the most popular car brand within Columbus.
  • The average monthly payment for vehicles from Columbus is $317

Phoenix, AZ (Arizona State University)

  • The most popular vehicle in Phoenix is the Chevy Camaro.
  • The average monthly payment for vehicles in Phoenix is $518

Miami, FL (University of Miami)

  • Most lease transfers from Miami go to New York.
  • 90% of the vehicles listed in Miami on Swapalease.com are foreign-made cars
  • The Mercedes-Benz C-Class is the most popular car
  • The average monthly payment for a vehicle in Miami is $606

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.

Fuel-Efficient Cars of 2017

When you have a long commute to work every day and you find you are stopping by the gas station way too much, you may be thinking about trading your car to one that will save you gas and money. Take a look at what made the cut as a fuel-efficient vehicle for 2017.

Sedans

2017 Hyundai Veloster: Starting at $19,200, this 3-door compact hatchback has 33 mpg on the highway and 28 mpg in the city. Carries a trunk space of 15.5ft³ and a cargo capacity of 34.7ft³ with rearmost seats folded.

2017 Toyota Prius Two: Starting at $26,675, this 5-passenger wagon has 39 mpg on the highway and 43 mpg in the city. Carries a trunk space of and 34.3ft³ and 67.3ft³ cargo capacity with rearmost seats folded.

2017 Chevrolet Malibu Hybrid: Starting at $27,875, this 5-passenger mid-size sedan has 43 mpg on the highway and 49 mpg in the city and carries a trunk space of 15.8 ft³.

SUVs

2017 Honda CR-V: Starting at $24,045, this 5-passenger SUV has 32 mpg on the highway and 26 mpg in the city. Carries a trunk space of 39.2ft³ and cargo capacity of 75.8ft³ with rearmost seats folded.

2017 Lexus NX 300h Hybrid: Starting at $39,720, this 5-passenger SUV has 30 mpg on the highway and 33 mpg in the city. Carries a trunk space of 16.8ft³ and cargo capacity of 53.7ft³ with rearmost seats folded.

2017 Kia Niro FE: Starting at $22,890, this 5-passenger SUV has 49 mpg on the highway and 52 mpg in the city. Carries a trunk space of 19.4ft³ and cargo capacity of 54.5ft³ with rearmost seats folded.

If you are looking for one of these cars that saves you gas and money or want to see a larger collection of more fuel-efficient cars, check out our options 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.

4 Warning Signs You Shouldn’t Ignore In Your Car

We have all been there. You look at your dashboard right past the openings of your wheel and you see a symbol light up. Some of us might shrug them off until their next vehicle check-up and some of us might have no idea what the symbols mean at all. Here are the 4 most common warning symbols that can pop up and what they mean.

Tire Pressure Light

This symbol resembles a tire with an exclamation point in the middle. When this light comes on, it usually means one tire or multiple tires are low on air. This can easily be fixed by inserting air into your tires at a gas station or taking it to the nearest car service, they can check the pressure in the tires and add air, sometimes for free! Don’t avoid this symbol too long if it pops up, you can easily be flattening your tires the more you drive.

Oil Light

The symbol if there is something going on with the oil in your car is pretty simple, it looks like an oil canister with a drip of oil coming out of its spout. When this light comes on, your oil level or pressure could be low. If you are due for an oil change, go ahead and make an appointment with your nearest car service shop. If you ignore this symbol, your engine can possible stop while you are driving.

Battery Light

This symbol is also a self-explanatory one. It looks like a battery pack with a plus symbol on one side and a minus symbol on the other. Many things can cause this to occur. Your battery could not be charging at a volt range it should be charging at, the battery cable terminal is corroded, or you have damaged battery plates. Regardless of which it is, make sure to get it check out immediately. Your car may run fine while this symbol is on, but one the car is shut off, it might not be able to start.

Brake Light

This symbol can be tricky to some scars come with multiple symbols for a dilemma dealing with your brakes. If it is a circle with parentheses around it, no matter what’s inside the circle, it is most likely dealing with your brakes. When this light comes on you can either be low on fluid, there is a problem with your brake hydraulic system, or the parking brake is on. If the parking brake isn’t on, take your car to a car service to have it checked out immediately.

If you’re looking to do away with your old car because of constant car warnings, Swapalease can help! We are the largest online lease transfer marketplace and have 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 us 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.