Tag Archives: electric vehicle lease

Drivers Not Rushing Into EV/Hybrid; Also Walking Away From Them

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Gas prices have been on a steady decline and the automotive industry has taken notice. These declining prices haven’t only affected drivers’ pockets but have affected dealerships as well. The national gas price average for November 2014 is $2.96 compared to $3.24 in 2013. Why is this so important? Not only are consumers beginning to feel the economy continuing its recovery from the Great Recession but many are also taking this opportunity to get into bigger vehicles, such as trucks and SUVs.

It’s almost beginning to feel like 2005 all over again.

Electric (EV) and hybrid vehicle sales have steadily increased since 2012, reaching 88, 149 sales so far in 2014. However with falling gas prices, dealers have recently found it more difficult move these vehicles out of their lots and onto roads. More buyers are coming in to purchase that truck or SUV they wanted but opted not to get with high gas prices.

The demand for and sales of SUVs and trucks has grown 15% from October 2013. Electric vehicle and hybrid sales didn’t fare so well in October 2014. Sales for both Ford’s C-Max and Toyota’s Prius dropped, 22.5% and 13.5% respectively. Even on Swapalease.com, there has been an 11% increase in hybrid and electric vehicle listings compared to the same time last year.

A few of the most common hybrid and EV vehicle listings on Swapalease.com are the Toyota Prius, Chevrolet Volt, and Ford C-Max. The growing demand for trucks and SUVs, paired with the lower gas prices has also greatly affected the purchase price of hybrids and EVs with many manufacturers offering incentives. For individuals looking to get out of their car lease early, Swapalease.com is the perfect place for your listing, especially since demand to take over a short-term fuel-efficient vehicle hasn’t waned.

As Scot Hall, Swapalease.com EVP of Operations said, “Swapalease.com offers individuals with a new desire to drive a larger vehicle a great alternative because there is no credit harm in exiting their smaller car lease early,” Hall also mentioned that transferring leases are beginning to feel like mobile phones, getting into the next best thing as soon as it comes out and whenever we feel like it.

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.

Electric Car Chargers Paving the Way

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Tesla is by far one of the most well-known electric vehicles on the road today. Not only is driving one better for the environment but individuals who acquire a Tesla must also take into consideration their driving habits. Since it is still relatively new, chargers aren’t as readily available. The manufacturers at BMW might have come up with a solution.

BMW recently announced they are in the process of producing a supercharger, according to The Car Connection. BMW’s charger is lighter, cheaper, and smaller than most charging systems. Similarly, it can charge the battery quicker to about eighty percent in thirty minutes.

The connector of BMW’s charger, the SAE Combo 1, is already being used by other electric car manufacturers, such as Audi, Ford, Porsche, Volkswagen, and Chrysler, and won’t be exclusive to BMW. As the quantity of electric vehicles being driven continues to increase, these charging stations will be readily available for most electric vehicles.

While you may not have the kind of means to purchase an electric vehicle, Swapalease.com offers you a sweeter deal. Why buy a Tesla or BMW when leasing one is easier and much more budget friendly? Swapalease.com is a different kind of auto dealer. Being the internet’s largest online lease marketplace, Swapalease.com has exactly what you’re looking for.

Matching people up according to what they’re looking for, allows for a compatible outcome. Individuals looking to escape their lease are paired up with individuals step in and take it over.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.

The Safest Cars To Lease

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According to a recent Swapalease.com survey, safety ranks as one of the highest factors in wanting to get a new car. Because only with a lease can you consistently upgrade to the newest and safest technology in the most affordable way possible. If you purchase a vehicle, you’ll be in a long term agreement with a car that will, with time, no longer be the safest vehicle on the market.

What’s worse, if you lock yourself in a car for longer than five years you run the risk of encountering even more safety issues as cars undergo wear and tear over time.

A recent report found 24 of the safest 2013-2014 cars, from airbags to brakes. They include:

On Swapalease.com, you can find each of the models for an affordable price and a short-term agreement, all with no down payment requirements:

  • Ford Fusion $274 per month/27 months
  • Hyundai Elantra $179/36 months
  • Honda Accord $159/36 months
  • Nissan Altima $239/10 months
  • Volkswagen Passat $195/26 months

Not only can you get the safest cars on the market by simply paying a low monthly payment; by the time newer safety features arrive on the market, you’ll be available to upgrade into newer technology. People enjoy leasing an electric vehicle for this reason, and a growing number of drivers interested in an always-on warranty are taking advantage of leasing as well.

For more information on finding the best car lease deal on safe cars or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.

Is An Electric Vehicle Lease A Wise Move?

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A report released last week from IHS Automotive  – the global information hub of sustainable business and technology – says that supply of electronic vehicles will rise a whopping 67% this year. The demand could follow suit, skyrocketing the vehicle’s popularity.

Never needing to go to a gas station again? Every consumer is absolutely sold on that idea. But with the prices of purchasing electric cars ranging from $30,000-100,000, will this new fad actually be cheaper? Or is this just a marketing ploy, where consumers pay more money upfront than on the back end?

The best way for consumers to see that they’re saving money is through an electric vehicle lease – not a purchase. Here are three specific reasons car shoppers should consider leasing an electric vehicle:

Low monthly payments: The most obvious perk of an electric vehicle lease is that the monthly payment is incredibly low, partly because some states and the Federal Government offer incentives for having an electric car. In the case of the Nissan Leaf, that credit offered ($7,500) offsets the amount that is owed during the lease period, which drives down the monthly payment to $199. The Chevy Volt, starting at $34,995 can be leased at just $299 per month, and after the incentives kick in, consumers can see a monthly payment as low as $255. Other incentives include rebates up to 50%, tax credits worth 10% of the cost of the vehicle, and an exemption from most insurance surcharges.

Technology upgrades: Consumers can also upgrade the technology under the hood more frequently with an electric vehicle lease. Just like the constant updates and upgrades to mobile and computer technologies, electric cars are evolving.  Companies such as IBM are looking for ways to increase the range, reduce charging times, create batteries that weigh less, and increase the levels of energy from a single charge. If the car is purchased, however, the consumer is stuck rolling in the New Year with yesterday’s car.

Low mileage use: Don’t forget that mileage limits on leases become less of a burden, since electric cars are widely used for local commutes only. This syncs nicely with drivers who plan to drive their electric vehicle for local, low-mileage use.

For more information on shopping for an electric vehicle lease or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.