Tag Archive | "Swapalease.com"

Swapalease: Q2 Dominated by SUVs, CUVs, Sports Cars


CINCINNATI — Swapalease.com released its quarterly lease trends report for the second quarter of 2017. The report shows that only three brands increased in search traffic from the first quarter. Infiniti, Ram and Chrysler saw a rise in search traffic by 10%, 5% and 3%, respectively.

Among domestic brands, GMC saw the largest decrease in the quarter for search traffic (-12%). A year ago, GMC’s brand searches were up by 14%, showing that consumers may be turning their attention elsewhere for leases. For European brands, Volkswagen saw the biggest dip in search traffic, decreasing by 11% compared with the first quarter. Not a single brand in the European category increased in search traffic this quarter. Within the Asian category, Acura performed the worst, decreasing in traffic by 11%.

Infiniti claimed its position as the largest share of overall traffic (10%). A year ago, it was Ram that boasted the most search traffic out of all categories.

The average monthly payment on a lease was registered at $474.39, a slight change from the first quarter, when the average payment was $436.35. BMW is currently the most expensive brand to lease with an average monthly payment of $862. Conversely, Volkswagen is the most inexpensive brand to lease with an average monthly payment of $318.

The report also shows that higher-priced leases (monthly payments above $500) saw increases in the second quarter compared with the first, possibly indicating continued strength in the economy.

“Our second quarter lease trends report shows that leasing remains strong in the automotive marketplace today, with increases in value of payment and number of leases in the driveways,” said Scot Hall, the company’s executive vice president. “We’re also seeing growth in SUVs, crossovers, and sports cars interest, which mirrors much of what is taking place in the broader automotive market today.”

To read the full text of the report, click here.

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Car Shoppers Interested in Used-Vehicle Leases, Swapalease.com Finds


CINCINNATI — Swapalease.com has unveiled results of its latest survey showing that 82% of drivers across the U.S. would consider getting a used car or truck lease that was three years old.

Swapalease.com is studying the consumer appetite for used leasing and presented an online survey in front of 2,500 drivers across the country during November, 2014.

One of the benefits of a used lease would include a lower monthly payment, and approximately a third of those polled said their monthly payment zone was in the $280 range. Swapalease.com Executive Vice President Scot Hall said this would be a realistic price point based on residual values of the typical sedan that originated with an MSRP of $30,000. Roughly half of respondents said they would be willing to pay a down payment between $500 – $1,500.

The largest population of people (55.5%) said their biggest concern on a used lease would be on the warranty or maintenance of the vehicle, but Hall pointed out that the majority of these vehicles could fall under a similar warranty program as the current used certified pre-owned vehicles with additional warranty and maintenance benefits.

The majority of men said their leading reason for not getting a used lease was simply not knowing where they could get one, whereas women said used leases couldn’t be priced cheap enough or that they would be worried about the condition of the vehicle.

The survey also showed that a used leasing environment would be much larger today if it had been around for a number of years. Fifty-eight percent of respondents said they would only lease used vehicles or consider it more if the option was widely available over the last several years.

Most women said they would consider getting a used lease for a BMW, Honda or Lexus. Most men said they would be interested in a used lease for Audi, BMW and Lexus. Additionally, most women said they would be interested in leasing a used hybrid, sedan or SUV, whereas most men said luxury, sports sedan or SUV.

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Auto Lease Credit Approvals Up in January


Cincinnati — National car lease marketplace Swapalease.com reported that January credit approvals on its site, according to U.S. Bank data, were 23.1 percent higher compared with the average approvals rate during the last five months of 2012. Customer credit declines in January were down 20 percent during the same time of comparison.

“We’re continuing to see a resilient economy bounce back from the recession of a few years ago,” said Scot Hall, executive vice president, Swapalease.com. “All eyes right now are on watching if the trend can continue following the payroll tax increase and the recent sequestration, two events that still may have negative consequences on consumer finances.”

January credit approvals were just slightly off the mark set in December (-5.9%), but credit declines were also lower than what was recorded in December (-20%). U.S. Bank is the largest non-captive lease company working with the Swapalease.com marketplace.

Looking at a year-over-year comparison, January credit approvals were 60 percent higher compared to January 2012 approval rates. The number of customers declined also dropped by 42.9 percent compared with January 2012 rates.

Swapalease.com is an automotive lease marketplace that facilitates lease transfers online by matching 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 secure online system to contact the prospective seller and close the deal.

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