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:
- Toyota Camry
- Ford Fusion
- Nissan LEAF
- Toyota Prius
- Ford Edge
Here are the Top 5 Cars Recent Graduates are Getting into After They Graduate:
- BMW 4 Series
- Dodge Charger
- Audi A5
- Ford F-150
- 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
- $317 Ohio State
- $414 NC State
- $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.