Tag Archives: car leases

Auto Leasing Growing in Popularity, Especially for Luxury Models

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With gas prices decreasing recently, many people have taken the opportunity to upgrade their vehicles to bigger, newer ones. A recent article in CNBC talked about how more Americans are willing to purchase luxury cars as well as the higher priced SUVs.

These purchases are a sign that our economy is continuing its recovery and Americans are feeling more secure in the automotive industry. For example, the article mentioned that the GMC Yukon’s higher-end version, the Denali, starts at $63,770. For Americans looking to have a comfortable ride and one with all of the features, the price will only increase.

Most opt to lease these vehicles as the cost-effective option. For individuals paying $100 to $125 on their cellphone bill, as the article states, paying $500 or $600 for a leased vehicle makes the most sense. However, for those who can’t afford to buy, or even lease, a luxury car or the higher prices SUVs there is a third option.

Swapalease.com offers individuals the option of taking over the remainder of a lease. Drivers looking to exit their lease early, list their vehicle on the Swapalease.com website and those interested in taking the remainder of the lease over will be matched and a transfer can take place. What’s more, there is no down payment and some sellers will offer incentives for those taking over the lease.

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.

The Road Less Traveled for Bank Loans

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The automobile market has changed since the Great Recession. As prices skyrocketed, more people chose to lease instead of buy vehicles. As the economy has slowly been recovering, banks and automakers are finding new ways to gain new customers.

A recent Automotive News article stated that banks aren’t the only players in the auto financing game anymore. Big motor corporations like Toyota Motor Corp., Ford Motor Co., and Honda Motor Co. have also staked their claim in the auto financing game. According to the report, banks have started to finance used cars in order to stay in the competition.

However, not everyone is seeing automakers’ aggressive push and incentives and as a good thing. While bolstering sales and loan numbers is good for business, industry analysts are beginning to question the long-term benefits of these programs. If interest rates rise, incentives could prove to be harmful for automakers and can negatively affect profits.

Why worry about being stuck in your lease when there is a simple answer to getting a new car? Release yourself from your current lease and let someone else take it over. Swapalease.com is the leading online lease market place. They have helped hundreds of individuals successfully transfer out of their lease, saving time and money. The process is simple and easy.

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, contact Swapalease.com at 866-SWAPNOW.