Lease Credit Approvals Reached 67.6% in June; Down Slightly from 69.9% in May 

CINCINNATI, OHIO (July 20, 2021) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in June. The approval rate is a small decrease from the 69.9% approval rate in May.  
 
The June number, although lower than last month's rate, is higher than the same time last year, when the approval rate was at 67.1% right at the beginning of the pandemic. The steady, incremental increase indicates consumer credit levels are also holding steady as many households continue to receive stimulus relief provided by the government.   
 
As opposed to consumer borrowing, many are utilizing stimulus checks toward paying debt. With consumers reigning in their credit usage as well as lowering revolving debt, Americans have more confidence to go out and take over someone else’s vehicle lease.  
 
Swapalease.com believes many of its site visitors and vehicle customers have solid credentials available to take over a person’s vehicle lease. The stability to have more flexibility in leasing through economic uncertainly may contribute to an increase in shoppers looking to lease vehicles through the secondary market – where lease payments are much more appealing than what’s currently offered at a dealership.  
 
“Credit strength continues to stabilize due to the figures maintained throughout the first half of 2021 and we believe this will only continue into the second half,” said Scot Hall, Executive Vice President of Swapalease.com. “Because Americans are either saving or paying down debt with their government stimulus money, consumer credit confidence will ultimately continue to grow leading to larger spending in future quarters.” 
 
Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has thousands of cars and trucks available for transfer to anywhere in the continental U.S.  

About Swapalease.com:   
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches 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 safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.  

###   

Press Contact:    
Sarah Caro  
Merit Mile    
SCaro@meritmile.com    
O – 561-362-8888    
C – 863-599-0109     

While Most Luxury Car Lease Payments Decrease Monthly Rates, Select SUVs Greatly Increase Rates 

CINCINNATI, OHIO (April 19, 2021) – Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of April. Many lease payments are holding steady from March to April. Compact cars, full-size cars and large pickup lease payments all held stead while many luxury car brands decreased their payments. Certain small pickup brands and small SUV brands, on the other hand, increased lease payments.  

This month marks a significant decrease in lease payments for many luxury car brands in recent months. The largest decreases for the month included the Infiniti Q50 with a -10.04% decrease, the BMW 530i with a -6.65% decrease, and the Mercedes-Benz E350 4MATIC with a -4.31% decrease. The Infiniti Q50 is offered at $329 per month, the BMW 530i is offered at $479 per month, and the Mercedes-Benz E350 4MATIC is offered at $569 per month. 

The largest lease payment increases included the Toyota RAV4, with a 26.52% increase from March and the Ford Escape with a 19.62% increase. The RAV4 is listed at $289 per month, and the Ford Escape is listed at $373 per month. 

“This was a very interesting month for many luxury car brands as they decreased their lease payments significantly,” said Scot Hall, Executive Vice President of Wantalease.com. “It looks like we’re starting to see some payment increases for many vehicle segments that are in high demand and low supply at the dealerships. Despite this, the payments listed on our marketplace remain lower than what people are finding through traditional channels today.” 

Currently, both the Honda Civic and the Ford Focus are priced the lowest of all leases coming in at just $159 per month. The Nissan Sentra leasing rate continues to hold steady from last month and is listed at $169 per month. 

Other significant lease decreases include the Nissan Altima with an 11.96% decrease and the Subaru Legacy with a 5.57% decrease. The Nissan Altima is now offered at $205 per month and the Subaru Legacy is now offered at $199 per month. 

Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.  

About Wantalease.com:   

Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.  

###  

While Many Lease Payments Hold Steady, Some Brands Decrease Monthly Rates While Others  
Test an Increase in Rates 

Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of February. Many lease payments are holding steady from January to February. However, there are a few car brands continuing to lower monthly rates while others increase their rates. 

Like last month, both Honda and Toyota are continuing to decrease leasing payments. The largest decreases for the month included the Honda Civic with an -11.16% decrease, the Toyota RAV4 with a -6.84% decrease, and the Honda Pilot with a -5.38% decrease. The Honda Civic is offered at $159 per month, the RAV4 is offered at $189 per month, and the Honda Pilot is offered at $309 per month. 

The largest lease increases include the Acura MDX, with a 15.48% increase from January, the Audi A3 with a 13.16% increase, and the Chevrolet Silverado truck with an 8.60% increase. The Acura MDX is listed at $469 per month, the Audi A3 is listed at $369 per month, and the Chevrolet Silverado is listed at $299 per month. 

“While there were a few large increases and decreases in lease rates from January to February, most vehicle leasing payments stayed relatively steady,” said Scot Hall, Executive Vice President of Wantalease.com. “It will be interesting to see what changes in the industry as more Americans begin to receive their stimulus.” 

Currently, both the Honda Civic and the Ford Focus are priced the lowest of all leases coming in at just $159 per month. The Nissan Sentra's leasing rate held steady from last month and is listed at $169 per month. 

Other slight lease increases include the Nissan Altima with a 3.37% increase and the BMW X5 M50i with an additional increase from last month. The Nissan Altima is now offered at $229 per month and the BMW X5 M50i is now offered at $1,069 per month. 

Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.  

Swapalease.com Compiled 5 Reasonably Priced Automobile Leases Around the Country

Swapalease.com, the nation’s largest car lease marketplace, today announced five “Spooktacular” lease deals for the Halloween holiday. Vehicles were selected by Swapalease.com advisors based on new lease price data for the month of October. Swapalease.com customer advisors help guide shoppers into the right lease vehicle that fits their automotive needs.

The “spooktacular” lease deals are as follows:

Nissan Sentra: Offered at $149 per month, the Nissan Sentra offers a crisp and modern design with advanced technology features such as Zero Gravity front seats and a 2.0-liter, 4-cylinder engine that delivers 20% more power and 15% more torque. The Sentra comes with upgraded dual-zone automatic temperature control and smart interior technology for a more comfortable ride.

Acura ILX: Offered at $219 per month, the Acura ILX features a powerful 201-hp engine with amplitude reactive dampers, creating an intensely agile and responsive drive-feel. The interior of the ILX exudes a refined sportiness with leather trim steering wheel, door panels, and seating surfaces with contrast stitching for a premium look and feel.

Volkswagen Passat: Offered for $189 per month, the Passat helps passengers get connected on-the-go. Equipped with a 6.3” touchscreen sound system, the Passat features voice control with an intuitive proximity sensor behind a clear glass display. Passengers see, feel, and hear the difference.

Ram 1500 Tradesman: Offered at $179 per month, the Tradesman boasts improved efficiency and off-road capabilities.  The vehicle comes equipped with a multi-function tailgate that was re-engineered to add 60/40 split swing-doors that make it easier to load, unload and wash.

Chevrolet Equinox: Offered at $239 per month, the Chevrolet Equinox is more than just a way to get around. It’s a chance to get away. The Chevy Safety Assist feature is now standard on all Equinox models and includes six advanced safety technologies that can help drivers look out for potential hazards and may even prevent them from happening.

About Swapalease.com:
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches 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 safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.