Tag Archives: car leasing

Auto Sales, Will They Continue Through the Rest of the Year?

Posted on by

Car sales have really taken off in the first quarter of 2015 and auto experts say this year will surpass 2014’s car sales. However, is this increase starting to taper off? According to Fortune, the auto industry won’t be able to sustain this increase in auto sales for long.

There were 16.5 million vehicles sold in 2014 and automotive organizations are optimistic that they will surpass last year’s sales. Ford, for example, is forecasting 17.2 million sales in 2015. As consumers are feeling the wear and tear of their ten-year-old car, drivers want to try out the latest technology in newer models.

Consumers who are looking to get a new car and want to try out a specific make or model can do so by taking over the remainder of a lease. Swapalease.com gives drivers the luxury to, in a sense, try out a vehicle with a short-term commitment. This gives consumers the freedom to upgrade at their convenience and budget.

As auto sales have seemed to slow, consumers are looking to other options other than buying a vehicle. Why be stuck in a five- or six-year loan when you can save money and drive a couple of cars in that same time period?

In an age where we like to upgrade as often as possible, Swapalease.com allows drivers to do so with their vehicles. After all, why not drive the latest and greatest models? Taking over the remainder of a lease requires no money down, relieves the current lessee of their responsibility and is a budget-friendly option. What more could you ask for when looking for a new car?

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.

Automotive Sales Slow After Steady Growth

Posted on by

Auto sales seem to have taken a back seat after steadily increasing for a few months. A recent article in The New York Times stated that some of the country’s biggest automakers reported a slight decrease in new car sales. Though the car giants reported selling 1.55 million vehicles in March, the April sales have decreased.

Auto experts forecast that auto sales in 2015 will surpass the 16.6 million vehicles sold in 2014. General Motors reported a 2.4 percent decline compared to 2014. Ford also reported a 3.5 percent decrease in sales. Honda experienced a 5.3 percent decrease in new car sales.

What does this mean for the consumer? Many are coming off leases and are in need of a new car. Unless they plan on purchasing the car, they will be in the market for a new vehicle and dealers are ready to cut a new deal with returning customers.

However, not everyone is looking to purchase a new vehicle or start a new lease. For those who want to have a short-term commitment taking over a lease can be the best option. With no need for money down, it is the best way to get more car at an affordable price.

Taking over the remainder of a lease can be a breeze. Buyers looking for a shorter-term commitment are matched up with sellers looking to exit their lease early. Swapalease.com helps individuals get what they are looking for, without much hassle. Why not upgrade as often as you’d like? If we can do it with smartphones, we should be able to do it with cars.

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.

Be Wary of Long-Term Auto Loans

Posted on by

When buying a new vehicle, most consumers will take out a loan in order to make the car more affordable. Recently, however, consumers have been taking out longer loans to have lower monthly payments. The problem is that taking out a five- or six-year loan may not be the best option because it doesn’t necessarily mean that that vehicle is a financially feasible option.

A recent article in The Buffalo News mentioned how drivers are so concerned about lower monthly payments they are not taking the value of the car itself into consideration. Having low monthly payments is great for consumers but since cars are lasting longer, taking out a five- or six-year loan may mean that your finances can take a big hit when it comes to normal wear and tear on the car.

What’s more, the interest rate buyers pay on longer term loans is also something to take into consideration. Though lower monthly payments may seem more attractive, the amount of interest rate you end up paying on a longer-term loan is not always worth it. Consumers should follow the 20/4/10 rule. Put down at least 20%, take out a loan no longer than 4 years and keep monthly cost of the car under 10% of total gross income.

For those who choose not to purchase a car because they don’t want to be in the same vehicle for the term of their loan, Swapalease.com offers drivers the chance to take over the remainder of a lease. With no down payment required, taking over a car lease is the short-commitment you’re looking for.

Because cars are lasting longer you might be stuck in your make and model for a few years but Swapalease.com offers you the chance to drive a different, newer car every few months. For drivers looking to get out of their lease early, listing it on Swapalese.com allows you to walk away with no hassle. So what are you waiting for?

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

Uber’s Tricky Financing Terms

Posted on by

For drivers with low or poor credit, buying a car can prove to be a challenging experience. For those who have always dreamed of owning a car, Uber may have a solution though experts are wary of their terms and conditions. An article in Nerd Wallet talks about the kind of deal Uber is offering its divers looking to own a car who may have poor credit.

The article talked about how difficult it can be for subprime lenders to get a loan at a car dealership and what Uber is doing to help those drivers out. By putting $2,000 down to begin a lease, the ride-sharing company will simply deduct payments from drivers’ paychecks, as little as $17 a day. However, not everyone is convinced this is the best way to own a car.

Industry experts say that, though it may be difficult to get a car loan, banks have been willing to work with subprime lenders. Usually borrowers have to pay higher interest rates but there is less risk involved in those kinds of loans compared to what Uber is offering. What’s more, there has been more subprime lending as of late, which makes it easier for those lenders to get a new car.

For lenders who have good credit and are looking to get into a new ride, Swapalease.com may have the perfect solution. As we begin to treat cars like phones, always on the lookout for the newest model, why not take over an exiting lease? Drivers who are looking to exit their lease early list it on Swapalease.com and are matched with buyers interested in taking over their lease.

In most cases, sellers offer incentives and no down payments are required. Both parties benefit from the transaction. 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.

Length of Auto Loan Can Be Costly

Posted on by

Auto loans have been steadily increasing in length and experts are concerned of what this will mean for the automotive industry. According to the Detroit Free Press, “the longer you take out a car loan, the more chances you’re taking with your finances.” Who knows what the economy will be like in six years? In addition, consumers that take out a six year loan can spend an extra $4,000 just on interest. Why be tied to one car for so long? With all the new trends and technologies rapidly coming out every year by the time those six years are up you will want to catch up.

Nevertheless, there are additional income-friendly options for car shoppers. Swapalease.com is the leading online lease marketplace, offering people 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 inexpensive 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 cars at an affordable price.

Being efficient in your car shopping is essential in getting a good deal. 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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

The Auto Industry Interrupted by Millennials?

Posted on by

Millennials have changed the way the automotive industry must market vehicles. Why? Simply put, Millennials are challenging the need for cars. Tucson.com recently issued an article regarding the impact Millennials will have on the auto industry in delaying buying vehicles. Most Millennials prefer public transportation or ride-sharing because it not only saves money but is also better for the environment.

As Millennials graduate college and enter the work force, many are delaying making major life decisions. What’s more, as Millennials are graduating with more debt, having a harder time securing jobs and living at home longer, many are not able to take on the financial responsibility of owning a car. Add in the fact that many don’t have their driver’s license, it’s unclear the kind of impact this will have on the automotive industry. All that said though, the flexibility of leasing might be more appealing to Millennials.

For Millennials looking to have the freedom that comes with owning a car, taking over a lease might be the most suitable option. Not only is it much cheaper than purchasing a vehicle, no down payment is required, it’s also a shorter-term commitment. Instead of being stuck with the same car for the next few years, by taking over an existing lease you are committed to a car for about 24 months.

Those who are currently stuck in their lease, Swapalease.com helps them exit their lease early. By listing their lease on Swapalease.com, individuals are matched up with those looking to take it over, releasing drivers from the contract.

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.

New Car in the New Year? Make Sure You Know Your Options

Posted on by

It’s January, the beginning of a new year. For many it also means deciding to get a new car. The average American family car is around a decade old and many are looking to get into something different. However, buying a new vehicle isn’t as easy as many would like it to be. The good news is that the shopping process can start from the comfort of your own home.

In the world of interconnectivity, it’s becoming very common for consumers to do due diligence before purchasing a new car. The Internet makes it very easy to browse through different inventory and see many makes and models before ever setting foot in a dealership. A recent article in Boston.com explained the difficulty involved when deciding to purchase a new vehicle.

What’s more, the price of new cars has seen steady increase and consumers have been borrowing more and for longer in order to afford their new vehicle. But for those looking to get more car for their money, buying might not be the best option. Leasing has grown in popularity and taking over an existing lease, most of the time, requires no down payment and will save you money.

Thinking of handing in your lease before it’s due? Be ready to shell out some extra cash for “breaking” the terms of the contract. If you’re seeking a more favorable option, check out Swapalease.com. Listing your lease on Swapalease.com, the largest online lease transfer marketplace, will help you connect with someone looking to take over the remainder of your car lease.

No need to step foot onto a car lot. Being efficient in your car shopping is essential in getting a good deal. 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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

The New Normal For Car Shopping

Posted on by

The price of automobiles has been on the rise lately but that hasn’t prevented Americans from purchasing new cars. In fact, sales of automobiles in 2014 have increased exponentially when compared to the last couple of years.

Nevertheless, consumers are looking for ways to make payments more manageable. A recent article in TIME stated that Americans have been borrowing more in order to afford their new vehicles. The article presented data from Experian Automotive that found the average new car loan increased by $1,100 to $27,799.

Consumers are borrowing more and for longer to cope with the rising prices. The average monthly payment for a new car is $470 and consumers will be stretching the grand total over 5 or 6 years. The longer loans might mean that you’ll end up paying more in accumulated interest over time. However, taking over an existing can be the solution for individuals looking for short-term commitment and lower monthly payments.

Swapalease.com, the largest online lease transfer marketplace, offers drivers the chance to take over an existing lease. Drivers who no longer want to stay in their car lease can have someone else take it over by listing it on Swapalease.com. What better way to get into a newer vehicle that fits within your budget? You upgrade your cellphone every few months, why not your car?

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit Swapalease.com.

Automotive Industry Needs to Appeal More to Women

Posted on by

It is no surprise that automakers don’t generally market to women. However, more should reconsider their marketing campaigns as three in four moms deem themselves the primary decision maker when it comes to new car purchases, according to a recent article in MediaPost.

Although online shopping has helped the car browsing and purchasing model, many people still prefer to visit dealerships in order to negotiate a price. Most dealerships, however, still have an outdated business model when it comes to selling to women and this is hindering their bottom line sales.

For example, there are still dealers and sales people who may not negotiate with women although it has been found that more women enjoy negotiating as opposed to men. As women are becoming the decision makers in many families, it would benefit dealerships to appeal to these women, reaching them where they are online and in real life. Gone are the days of not knowing what kind of car or deal women wanted. The twenty first century woman, and mom, does her due diligence before going to the dealer lot.

For the budget conscious woman, leasing might be more favorable than flat-out purchasing a car. Leasing is a shorter-term agreement, usually 36 months, compared to a car loan, around 60-months. Instead of committing your individual or family budget to a long-term loan, leasing offers a more convenient option.

Swapalease.com, the largest online lease transfer marketplace, offers car shoppers the chance to exit their lease. By matching up individuals looking to transfer out of their lease early with drivers looking to take on the remainder of the short-term lease, Swapalease.com helps both parties save time and money.

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 about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit Swapalease.com.

Enough is Enough for Driver Loyalty

Posted on by

Experian recently found that auto brand loyalty was, on average, a success rate of 49.5 percent, meaning that dealerships had a 50/50 chance of getting return business for the same brand. This information, listed in a recent Forbes article, also mentioned that common knowledge would have longer-term owners to be brand-loyal customers, however, the opposite is true. Lessees who take on a 12-month vehicle lease are 57.3 percent more likely to be a brand-loyal customer.

As the article mentioned, it is those who lease vehicles that will likely be brand-loyal customers. How come? As it turns out, a fixed lease term contributes to creating brand-loyal drivers. For long-time car owners a lot has changed since they last got a vehicle such as credit score and vehicle budget. Since vehicle leases are usually 36 months long, not much has changed for these drivers making it easier for them to get a new model of the same make they just returned.

For lease cycles that are shorter than 36 months, brand loyalty is even higher. Swapalease.com recently polled many of its lease transfer customers and found that roughly 68 percent of those polled said they were interested in staying in the same brand family. This number shoots up to 75 percent when it is a luxury brand such as BMW, Mercedes-Benz or Lexus.

For those who are in the market to get a new car leasing might be the best option, especially if you’re looking for a shorter-term commitment then getting stuck with the same car for the next 72 months. Swapalease.com offers an alternative to buying a car.

The largest online lease trade marketplace, Swapalease.com helps drivers exit their lease early. For drivers shopping for a newer vehicle, Swapalease.com allows buyers to take over the remainder of a lease. What better way to get into a new vehicle than by taking over a lease? There is no down payment needed and most times it’s the cost-effective option.

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.