Tag Archives: lease length

Cars, Technology and the Future

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Cars with no steering wheels and no pedals are a lot closer to being a reality than many of us might have imagined. Google has already started working on an autonomous car and hopes to make them available to the public in the next few years. Autonomous cars will bring with it many benefits, according to CNN Money. For both rural and urban residents, autonomous cars can solve many difficulties drivers in both communities face.

According to the article, autonomous driving will make it easier for those who must drive into the city for work and for those living in cities. As car ownership begins to decrease with Millennials being more concerned about the environment, autonomous cars would be more fuel efficient and environmentally friendly as technology continues to advance.

Though residents in rural areas will still own a car, having options on how to get to the city will make for an easier, smoother commute. With car sharing and services like Uber and Lyft increasing in popularity, as well as younger consumers not owning a car, autonomous cars will make driving a no-brainer.

Autonomous cars will not be available to the public for a couple of years and for those who still get excited about that new car smell, taking over a car lease can be the next best thing. Since we are always looking to upgrade and for the next best thing, taking over the remainder of a lease is one way to do this. What better way to get into the newest cars and latest models?

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.

Auto Industry’s Subprime Bubble?

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With the beginning of the year showing much promise for the automotive industry in 2015, some experts are beginning to question if subprime lending will be a bigger issue. Banks and other financial institutions have found that subprime lending is an untapped market and they are willing to work with subprime lenders offering high interest rates and longer loans in order to make owning a car affordable.

The cost of owning a vehicle has increased and most consumers have been required to take out a 60- or 72-month loan in order to keep the monthly prices low. A recent article in the New York Post reported that experts are worried how subprime loans will affect the automotive industry. With a growing number of subprime loans and high interest rates on these loans, experts are worried of the risky implications of this practice.

What’s more, other industry experts say that there is no real risk in the amount of subprime lending because of the ways dealers can manage delinquencies on loans. However, for consumers not comfortable being stuck in the same vehicle for the next several years, there are other options. Taking over the remainder of an existing lease is less expensive, short-term alternative.

Swapalese.com helps individuals exit their lease early and allows others to take over the remainder of that lease. For individuals who no longer need their leased vehicle, exiting their lease early helps them save money. For those who no longer wish to drive their current vehicle and want something new, taking over an existing lease allows for that excitement every few months.

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.

How Used Cars Affect New Vehicle Sales

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Automotive News reported that the recent rise in leased vehicles being returned has affected new vehicle prices as well as the used car market. According to the report, these newly returned leased vehicles make for lower used-car prices and affects new vehicle prices, as those continue to rise.

The article also stated how some of the country’s largest dealership groups have been feeling the pressure and how the latest trend has affected vehicle values and gross profits. Automotive industry experts don’t see this changing as production of new vehicles will continue, putting even more pressure on prices and profits.

What does this means for car shoppers? Used-car vehicle prices will continue to lower as leased vehicles and other trade-ins continue to be brought back onto dealer lots. However, drivers returning their leases will be looking for a new way to get around.

For individuals not looking to take on a long-term commitment, such as a six or seven year loan on a car, there are other options. The largest online lease transfer marketplace, Swapalease.com provides drivers with an option other than terminating your lease. Swapalease.com helps drivers exit their lease early.

The lease transfer process happens when someone looking to take over the remainder of the car lease is matched with a driver looking to get out of their lease before it is up. Taking over the remainder of a lease is beneficial for both parties, saving time and money. Assuming a lease lets you find something that fits your need and budget.

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.

Connectivity and Phone Carriers, the Next Big Thing for Cars?

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A recent report in Reuters has identified two of the biggest phone carriers as pioneers in the world of connected cars.  Verizon Communications and AT&T have been diligently working with car manufacturers to develop the technology and network needed for our vehicles to become more connected and a bigger part of our everyday lives.

While we spend an average of two and half hours in our cars each day, Verizon and AT&T want to make our driving experiences more enjoyable and connected. As a result, both companies are working with several car manufacturers such as Audi and GM to develop the technology needed to make this accessible to consumers. Will all of this exciting new technology make us want to upgrade our cars more often?

Though we have seen major advances in the automotive world such as heads up displays, autonomous cars and even smartphone software being integrated into vehicles, AT&T and Verizon are looking to connect our vehicles into a more unified experience.

We are beginning to treat our vehicles like we do our cell phones, updating them when a new model is released. There is no need to be stuck in your current vehicle when Swapalease.com offers you a way to transfer out of your current lease. The largest online lease transfer marketplace, Swapalease.com matches individuals looking to exit their lease early with individuals looking to take over the remainder of the lease.

Acting as a matchmaker, Swapalease.com works with both parties to connect one another so a transfer can be made. When all of this new technology becomes available, you don’t want to be stuck in your current lease. Check out Swapalease.com for a great new 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 www.swapalease.com.

Are Autonomous Cars the end of Cruise Control?

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As auto manufacturers continue to develop technology that helps drivers, such as cruise control, we can expect more advances to be made in the next couple of years. We have already heard about Google’s driverless cars that are being tested in California. Audi has also been developing technology that will take over a car’s steering under certain conditions.

A recent article in Forbes described how GM is also developing and testing the technology that will aid drivers, however it is not calling it autonomous driving. By 2017, GM’s luxury line of vehicles will be equipped with ‘Super Cruise’ technology, which can take control of the vehicle for a prolonged period of time.

GM’s super cruise technology is similar to Audi’s cruise automation and won’t completely take over steering, accelerating and braking of the vehicle. However, under certain circumstances, such as driving on the freeway, the driver is able to turn it on like cruise control, sit back and enjoy the ride.

With all of these advances being made in the automotive world, vehicles are now seen as disposable as cell phones. If we are able to upgrade our phones every year, why not be able to upgrade our vehicles as well? Swapalease.com makes that option viable. As the largest online lease marketplace, Swapalease.com makes it easy for you to get into a new vehicle more often.

By matching individuals looking to get out of their lease early with someone interested in taking over the remainder of that lease, Swapalease.com acts as a sort of matchmaker for car leases. What are you waiting for? Your perfect match is waiting to be found.

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.

What Does Today’s Company Car Look Like?

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Since the Recession, Company Cars Have Become More Diverse, and Entrepreneur-Focused

What does today’s company car look like? Make and model aside, what is different between the type of car used for business today versus five or ten years ago? Sure, many business people, as well as businesses, lease a car, particularly for tax benefits. But what else has changed since the recession?

Swapalease.com, the world’s largest online marketplace for car leases, works with professionals of all business sizes to find the right match for their company car. Below are some highlights of recent marketplace analysis you might be interested in for a story on how the company car has changed over the years:

  • 55% of Swapalease.com customers are leasing their car for business, up from 52.5% in 2010. This shows that car leasing for business continues to grow coming out of the recession, and mirroring the growth of the broader economy.
  • The majority of business customers lease their vehicle for an average of 18 months, down from 23.4 months in 2010. This shows that more businesses are looking for shorter terms on their company car lease in an effort to keep more flexible terms on the contract.
  • 27.6% of Swapalease.com business customers consider a hybrid vehicle model when shopping for their next company car, up from 18.2% in 2010. This shows that businesses are looking to be more environmentally friendly with their company car today.
  • 36.3% of Swapalease.com business customers are either entrepreneurs or from “family business” entities, up from 27.2% in 2010. This growth mirrors economic trends following the recession when many people were downsized from their corporate jobs and started their own businesses.

“The company car of today has undergone a noticeable shift compared to years past,” said Scot Hall, Executive Vice President of Swapalease.com. “Prior to the recession, many professionals and executives preferred entry- and mid-size European luxury brands. However, today our business customers drive a more diverse set of vehicles, including trucks, domestic sedans and hybrids.”

No doubt, the company car of today, reflecting more diverse choices, is different than what it was five years ago.

About Swapalease.com

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.