Uber’s Tricky Financing Terms

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.

Digital Advertising Rising in Auto Industry

Consumers today are smarter and more informed when it comes to car shopping than in the past. The Internet has made comparing deals, vehicle makes and models easier and faster than visiting multiple dealerships. However, dealerships must have a strategy in place on converting visitors into buyers.

A recent article in Epoch Times discussed how dealers are beginning to understand the importance of not only having a web presence but also spending money on digital advertising. In order to reach your target audience, especially Millennials, dealerships must meet drivers where they are. However, as Millennials are delaying making big-life decisions such as buying a car, it poses a new challenge for how dealers can persuade this demographic.

The rate of unemployment coupled with school loan debt and living at home longer, has made it difficult for Millennials to begin their adult life. For many, purchasing their own vehicle is unattainable because of how expensive cars are. Though lenders are offering longer loans to make payments more manageable, the best option for emerging adults could be taking over an existing lease.

Swapalease.com offers individuals looking to get out of their current lease an alternative to breaking their lease. These individuals are matched with drivers looking for a short term, budget-friendly commitment and can take over an existing lease. For Millennials, it’s the perfect solution to purchasing a brand new vehicle. It’s more bang for your buck.

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.

Smarter Cars, Smarter Ways to Protect Personal Data

Technology in the automotive industry has taken off as of late with autonomous cars, HUDs and Google’s Android Auto and Apple’s CarPlay. These advances make it easier for drivers to have a seamless and enjoyable driving experience as well as contribute to the connectivity of the Internet of Things.

A recent article in Government Technology talked about the importance of protecting drivers’ personal information. Phones and homes aren’t the only “smart” things that communicate. With the recent data breaches that have occurred, consumers want to know their information is protected. The Alliance of Automobile Manufacturers and the Association of Global Automakers have teamed up to set privacy regulations for the automotive industry.

They have come up with 7 rules that will help consumers understand how automakers will use the collected information and will keep automakers accountable to their consumers. This partnership looks to create transparency between drivers, the automotive industry as well as insurance providers and law enforcement.

However, protecting personal information isn’t the only concern drivers should have. With the automotive industry continuing its recovery and growth this year, consumers are borrowing more to afford the rising vehicle prices and for longer in order to make the monthly payments more manageable. Swapalease.com offers an alternative to purchasing a vehicle.

Swapalease.com is the largest online lease transfer marketplace helping drivers exit their lease early. Most dealerships will charge a fee for terminating a lease early but Swapalease.com allows someone else to take over your existing lease freeing you up of that contract. You’ve wasted enough time and money in your current car, why not get into a car you’ll enjoy driving?

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.

Enough is Enough for Driver Loyalty

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.

Auto Leasing Helping to Support the Auto Industry

2014 has been a good year for the automobile industry so far. Auto sales have been steadily increasing and strengthened by Millennials as they continue to enter into adulthood and the work force. Moreover, car lease sales have increased by 25.6% according to a recent Experian finding.

A recent CNBC article expressed how the number of leased cars has increased, especially in the first quarter of 2014. Drivers have realized that leasing a car, many times, is more affordable and convenient than purchasing a car. Drivers who lease cars instead of purchase one are return customers, according to an Automotive News report.

The report detailed how 400,000 customers will be returning their leases this year and most will sign new ones for another two-to-three years. With this kind of turn around, the auto industry will always benefit from leased vehicle loans. For individuals who want to exit their lease early, Swapalease.com has the tools to facilitate the process.

Swapalease.com is the largest online lease marketplace with vehicles and customers in the United States and Canada. Swapalease.com matches you with someone looking to take over your lease. Why purchase a car and get stuck with it for the next five or six years, when you can take over a lease, making it a more economical and short-term decision?

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 Road Less Traveled for Bank Loans

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.

Help Grads Get Rid of Their Car

Most students graduating now are Millennials, born between 1980 and 2002. Accounting for more than 80 million in the population, Millennials now outnumber Generation X and Baby Boomers. With so many people graduating this year, what should you give as a graduation gift? Something simple – help grads get rid of their car.
According to the National Retail Federation, Americans are on track to spend over $4.7 billion in cash, gift cards, clothing and electronics for graduates this year. They’re also facing a still-tough job market. Today’s crop of new B.A.s are staring at roughly 8.5 percent unemployment and 16.8 percent underemployment, according to the Economic Policy Institute.

With student debt exceeding one-trillion dollars, it has surpassed credit card debt in America. Recent graduates need to find ways to cut down their costs and transferring out of their lease might just be the answer. One viewpoint is to get them out of their current car payment so they can either downsize or participate in car-sharing programs. Too practical? Perhaps. But going against the grain might be the best option, and it’s also a growing trend nationwide.

According to Swapalease.com, roughly 9.6% more college-aged users are expected to shed their car lease this graduation season compared with the same time last year, and up 13.4% compared with 2012. Why such a savings? They avoid breaking the lease by handing it over to someone else, and the monthly car payment stays in their pocket. According to Swapalease.com Executive VP, Scot Hall, this is a trend that’s expected to grow as long as student debt remains a pressing issue.
As for the need to drive to a job interview? Get a cheaper car or share a ride with a friend. How can you help grads in the near term so that they’re a better customer down the road?

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.

No Steering Wheel, No Pedals, No Problem

Futuristic cars aren’t something out of a scene from “Back to the Future”. In the very near future, we could all be driving around in automated, electric cars with no steering wheels or pedals of any sort. Google has been building and testing driver-less cars at its California plant for the last four years. The electric powered vehicles only have two buttons: a red “e-stop” button, in cases of emergency, and a start button.

Google has come up with a way to take humans out of the equation. The car can be summoned by an application on your smart phone, can see about 600 feet in all directions, and has a range of roughly 100 miles. Possible future plans to use these automated vehicles will be to replace taxis in places like Manhattan. Why spend $5 per mile on cab fare when you can spend $0.50 per mile to go the same distance in half the time?

Though these cars won’t be made available to the public for some time, some day we may want to transfer in and out of our driverless cars, simply because we want something different. Like the leasing market for traditional cars, there will eventually be a lease transfer market for driverless cars.

Why be held captive by your current lease? Swapalease.com is a different kind of online automotive marketplace matching individuals looking to transfer out of a lease with individuals looking to take over a lease. The process is seamless and simple. So what are you waiting for?

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.

Is Sign And Drive The Right Car Deal For You?

Sign and Drive. We’ve all seen the television commercials for Volkswagen and other dealers marketing this opportunity. But what does it honestly mean? The conceptual idea sounds practical when you first hear it, but there’s more than signing the dotted line and driving away in the sunset with the car of your dreams. In the end, is this the right car deal for you and your wallet?

What Exactly Does Sign and Drive Mean? Sign and drive is a car leasing option offered by lenders to potential buyers. The concept behind a ‘Sign and Drive’ option is: you find the car you want to lease, go through the normal car leasing process, but in the end there isn’t a down payment. Buyers can become very disillusioned by this option.

What You Should Know. If you believe you can walk into your neighborhood dealership and sign and drive the vehicle of your choice, you may want to think twice. This kind of opportunity isn’t open to anyone and there are several stipulations hiding behind the name. The majority of people may not even qualify for the opportunity. Sign and drive deals require impressive credit scores. For those who get a chance to sign the paper, you will see under the fine print that usually not everyone qualifies. Typically, buyers must qualify for the offer and finance the vehicle through a certain financial institution.

Credit is analyzed differently in a car lease scenario, and once you pass the initial credit approval process your credit is analyzed a second time to determine what payment you qualify for.

Another facet to take notice of is your monthly payments. With no down payment in a ‘Sign and Drive’, the overall price of the vehicle will be made up in the amount your monthly payments turn out to be, compared to the price they’d be if you placed a down payment. For example, let’s say you pay $300 on a monthly sign and drive lease, but with a $2,000 down payment on a normal lease, your monthly payments may come out closer to $240.

Lastly, will the manufacturer behind Sign and Drive deals allow you to transfer your lease if your automotive needs change in the middle of your term? Always check with the manufacturer ahead of time to ensure you can complete a full lease transfer.

In conclusion, simply do your homework. Most advertisements on vehicles tend to be to go to be true. Read the fine print and don’t sign on the dotted line unless you’re well aware of the stipulations behind the deal.

For more information on sign and drive lease programs or to learn how you can have a successful car lease trade, contact Swapalease.com at 866-SWAPNOW.