The average American family car is nearly a decade old and many families will be hitting the car dealer lot to update their vehicle. However, as the economy continues to stabilize and recover, vehicle prices have steadily been rising. What this could mean, for many families and individuals, getting into a new car could be a bit more difficult to achieve.
A recent trend has been purchasing pre-owned vehicles. Though not completely new, these vehicles will carry families through the next few years. An article in CNBC explained how used cars are becoming somewhat of a hard reality for families to obtain. The article proposed an equation that families and individuals can follow when deciding to make a purchase, the “20/4/10” principle, putting down 20 percent, taking out a loan no longer than 4 years and taking up no more than 10 percent of the monthly income.
However, there are other income friendly options for car shoppers. Swapalease.com is the largest online lease marketplace, offering individuals a chance to exit their lease early. Lease buyers can choose to take over a lease, saving money and getting into a newer vehicle. Leasing has recently helped the auto industry, and consumers have been taking advantage of this more affordable option.
Loans are now being stretched out for longer terms in order to make vehicles more affordable and easier on consumers’ pockets. Why not skip chaining yourself to a five or six year loan when you can drive a different car every two to three years? Leasing offers more car 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, visit Swapalease.com or contact them at 866-SWAPNOW.