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Swapalease.com: Thousands of Automotive Leases Available
Friday, October 10, 2008
CINCINNATI, Oct. 10 /PRNewswire/ -- Swapalease.com announces they have
thousands of leases presently available throughout the country. In fact, 2008
quarter three results show proportionate growth in new listings, lease buyer
registrations, and transfer initiations. Leasing continues to be a
financially viable alternative for automotive consumers and the Swapalease.com
marketplace permits even greater value through flexibility. Consumers on both
sides of the lease transfer equation, those wishing to enter as well as those
wanting to exit leases, can save a great deal of money when compared to other
alternatives.
Management attributes growth to the company's focus on cost effectively
reaching new users through both online and traditional marketing efforts.
Additionally, economic factors have significantly influenced automotive
leasing on several tiers. First, the general economic uncertainty created by
falling markets. Second, domestic lease penetration has decreased stemming
from a pull back in subvented leases by captive finance arms. Third, and to a
lesser extent due to most lessees having above average credit, consumer credit
market limitations.
The ability to transfer leases online at the Swapalease.com web site
provides automotive consumers' options that help mitigate economic factors.
For instance, uncertain economic conditions translate to consumers valuing the
flexibility afforded by entering and exiting leases midterm. Also,
Swapalease.com has an outstanding selection of domestic vehicles available
that benefit from previously manufacturer-subsidized leases. Should domestic
automotive sales continue to decline, it is likely that a new leasing push
will surface and captive finance companies will reevaluate lease strategy.
Perhaps Swapalease.com will bridge the gap created by the before and after in
domestic lease availability?
Swapalease.com is the world's largest automotive lease marketplace and the
pioneer of facilitating lease transfers online as evidenced by the company's
patented processes. Conceptualized in 1997 it has evolved into a leading
automotive consumer online destination servicing all aspects of the automotive
leasing lifecycle including education, research, pricing, acquisition and
lease transfer.
Swapalease.com has been featured in stories by CNN, MSNBC, Time, USA Today
and the Wall Street Journal as well as cited by leading search engine
provider, Google.com as an online marketing case study.
The company is headquartered in Cincinnati, Ohio, and is privately held.
For more information please call 866-SWAPNOW (866-792-7669).
SOURCE Swapalease.com
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