Auto Financing and Leasing: Options for Consumers

The automotive industry has grown exponentially, reaching 16.5 million vehicles sold in 2014 and an estimated 16.9 million for 2015. With the rise in auto sales, it is no surprise that consumers are feeling more confident in the economy and willing to spend more money. However, experts are wary of the cost of new vehicles and how this affects consumers.

The Center for American Progress recently stated that auto finance is the third biggest credit market in the country behind student loans and mortgages. The article went on to say that at least 86 percent of families own at least one vehicle and are American’s most common asset. What’s more, as the cost of buying a new vehicle continues to rise consumers need to borrow more and for longer in order to bring the monthly payment down.

The article also mentioned that 85 percent of new vehicle and 54 percent of used car sales are financed. With so many vehicles being financed, consumers must be mindful of their monthly budget in order to afford brand new models. For drivers looking for a shorter-term, more affordable commitment leasing a car might be the better option.

Swapalease.com, the largest online lease transfer marketplace, is the place to go for short-term leases. Why would I want to take over a lease? Not only is it a more economical option to purchasing a car, you are not stuck with it for the next few years. For those looking to exit their lease early, listing it on Swapalease.com is one way to avoid breaking your lease and having to be penalized for exiting your lease early.

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.

New Year, New You, New Car; The Right Time to Buy?

The end of the year is usually seen as the best time to get into a new car because dealers are offering some of the biggest sales to meet their year-end quota. However, this isn’t always true.  Experts say that it is wise to do some shopping and comparing of models, makes and deals before making a long-term decision.

Recently Today Money posted an article stating that shoppers should mind the hype on these great end of year deals. However, there is usually fine print that customers miss which state the exceptions and rules for what’s being advertised. What if you could do your car shopping without stepping foot onto a dealer’s lot?

As we start the New Year, many people will look to get into a new car. Instead of locking yourself into a five or six year loan why not take over a car lease? With cars being seen as disposable and interchangeable as mobile phones, now might be the best time for you to drive the vehicle you’ve always wanted.

Swapalease.com, the largest online car lease trade marketplace, helps drivers exit their lease before it’s due. By listing their lease on the Swapalease.com website, others’ looking for a short-term commitment can take over the remainder of that lease. It’s the perfect solution for both parties, and the whole process takes place from your computer, not at a dealership. Not only is there no down payment required, you’re also not stuck in the same vehicle for the next half-decade. Who wouldn’t want that?

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.

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.

The New Normal For Car Shopping

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.

Auto Leasing Growing in Popularity, Especially for Luxury Models

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.

Automotive Industry Needs to Appeal More to Women

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.

How Used Cars Affect New Vehicle Sales

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.

Lower Used Car Prices Because of Leases Being Returned

Used car sales have been steadily rising this past year as the economy and automotive industry continue to recover and stabilize. When the Great Recession hit, some used cars were selling for as much as some new vehicles. However, used car prices have significantly lowered and dealers are offering some great deals on these vehicles.

An article in CBS News reported that used car prices have fallen for five straight months. Why has this been happening? As new car prices continue their steady climb and leased vehicles are being returned, used car prices have been falling. Dealers must find ways to market and sell these newly returned vehicles.

Although used car prices have steadily fallen, drivers looking for a shorter-term solution assuming a lease might be the best option. Assuming someone else’s lease through places like Swapalease.com can save time and money. Swapalease.com is the largest online lease trade marketplace, helping individuals exit their lease early.

By offering drivers the option to exit their lease early and have someone else take it over, Swapalease.com helps you get into the car you really want to be driving. Their website has all makes and models as well as some really great incentives. You upgrade your cell phone every time a new model comes out, why not do the same with your car?

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.

New Season Gives Way to New Car Lease Deals

As the leaves begin to change and we enter into autumn, we not only see new fashion trends but also new deals on some of the most popular small cars. Dealers are making some very attractive offers on these cars because they know people are driving around in cars that they’ve had for the past decade and many will be looking to get a new vehicle. Also, as leasing has been experiencing a nice boost and helping the automotive industry, now is the perfect time to drive off in the latest model.

U.S. News recently released a list with a few of the best small car deals in October. The list includes models such as the 2014 Chevrolet Sonic, 2014 Hyundai Elantra, 2014 Toyota Corolla, and 2015 Honda Fit and offers some of the best incentives and deals. For example, you can lease a 2014 Chevrolet Sonic for $189 per month for 36 months, with $2,329 due at signing.

Whether you currently drive any of these models or are looking to get out of your current lease and into one these more fuel-efficient vehicles, Swapalease.com offers you a way of doing just that. Swapalease.com is the largest online lease transfer marketplace. They help drivers get out of their current lease and into their desired vehicle.

Swapalease.com helps coordinate a successful lease transfer between two individuals. Those looking to get out are matched with someone looking to take it over. What better way to get into a new vehicle, and out of your old one, than by taking over some else’s lease?

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.