More Vehicle Sales Equals Longer Loans

Owning a car is a dream that many can relate to. Usually owning a car is one of the first big decisions we make as we enter into the adult world. However, that dream has been harder and harder to achieve in the years since the Great Recession. There have been many reports recently highlighting the fact that the average auto loan has increased.

A CNBC article brought to attention the fact that most auto loans now are 73 to 84 months. Though sales of new vehicles have increased, so has the average loan length. In a previous post, we said that the longer the loan, the more consumers will pay in interest. What’s more, as cars are lasting longer, the wear and tear the car experiences as time goes can mean bad news for your budget.

Why limit yourself to driving just one make and model for the next five or six years when you can drive a few different makes and models during that same time. helps drivers do that. As the largest online lease transfer online marketplace, they help drivers who no longer want to be in their lease, exit it early.

For buyers, taking over a lease might be just the kind of commitment to take on. With no down payment required most of the time, buyers can take over the remainder of a lease, saving them money and time. Don’t restrain yourself to driving the same vehicle for the next five years when you can drive the latest models simply by taking over the remainder of a lease. 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 or contact them at 866-SWAPNOW.