Tag Archives: transfer leases

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.

Technology and Leasing Go Hand in Hand

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Technology – we can’t escape it. From the latest phones, to smart homes, to cars technology is the hot commodity that keeps on getting hotter. The automotive industry has seen a significant increase in the way technology is presented and used in vehicles. Consumers want to drive cars with the latest gadgets available, yet not all can afford to because technology packages hike up the overall price. However, buying a car isn’t the only option when choosing to get into a new car.

The popularity of leasing has been steadily increasing and will continue its climb if the cost of owning a vehicle also increases. Though the economy has been improving, gas prices decreasing and consumer confidence experiencing a boost, not everyone is looking to take on the long-term commitment of owning a car. A recent article in the New York Times talked about how technology has, in a way, helped increase auto lease sales. There were 16.5 million new vehicles sold in 2014, the highest since 2006, and a quarter of these sales were leases.

The article went on to say that consumers aren’t as concerned with the overall cost of something as they are with monthly payments. Therefore, leasing has found a favorable audience, especially with Millennials. As Millennials’ influence and purchase power grows, automakers will need to find a way to cater to this demographic and leasing is one way in doing so.

However some might find that leasing a car for 3 years is still a long-term commitment. Swapalease.com, the largest online lease marketplace, lists leases that allow buyers to take over. If you find you no longer need your leased car and need to exit your lease early, Swapalease.com will list it and match you with someone looking to take it over.

No down payments are required and both parties walk away with what they’re looking for. 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

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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

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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.

Auto Leasing Growing in Popularity, Especially for Luxury Models

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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.

Lower Used Car Prices Because of Leases Being Returned

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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

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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.

Auto Industry Experiencing Nice Boost

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As the economy continues to flourish, consumers are more confident making important and long-term purchases such as buying a car. What’s more, as Millennials are entering the workforce and adulthood many are purchasing their first car. As the automotive market continues to grow, consumers have more options when making the decision to purchase a car.

A recent report in Auto Remarketing divulged the results of the most recent Experian Quarterly Briefing. There are more vehicles on the road this year than the same time last year. A total of 249 million vehicles, compared to 247 million in 2013. What does this mean? The automotive industry has experienced a nice boost in automobile sales, especially in used cars.

Also, auto lenders have expanded their lending portfolios giving more buyers the opportunity to own a new or semi-new vehicle. Allowing buyers to take out 66- or 72-month loans, lenders are trapping drivers for the next few years in one vehicle. But why get stuck in a long-term loan when leasing a car allots drivers the opportunity to drive a new vehicle every year or so?

Car leasing has grown in popularity lately and it is a much smarter, cost-effective solution to purchasing a vehicle. Swapalease.com is the largest online lease marketplace helps drivers exit their lease early. Individuals looking to take over the remainder of a lease are matched up with someone looking to exit their 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.

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.

Auto Industry Getting Social

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As technology continues to evolve and improve our lives, it has also served to bring us all closer together. Consumers are always looking to the latest and greatest phones to stay modern and up to date. Verizon Wireless, the mobile communications giant, will debut a smartphone app that will allow car sharing and benefit rental car companies.

It is no surprise that, as technology advances, we look to leading companies for cutting-edge products. The auto industry has done a great job coming up with what we will all be driving in the near future, driverless vehicles. However, until this is ready for drivers and traffic, we must content ourselves with the technology we have now, including Verizon’s mobile app.

Verizon Wireless announced that it will release a mobile app that will allow rental car customers to unlock a vehicle, according to Automotive News. As car manufacturers continue to integrate smartphone technology into displays, Verizon’s app will appeal to corporate fleets as well as for car-sharing services.

For individuals who don’t own a car and often rent one to get places ought to consider leasing a car. Swapalease.com is a different kind of online lease marketplace helping individuals stuck in their lease, get out. Leasing a car is not only cost-effective but you can get the latest technology at a fraction of the price of owning a car.

So what are you waiting for? Swapalease.com will match you with the car and lease that best fits what you’re looking for and will help throughout the process. 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.