Top 10 Lease Transfer Reasons

by Swapalease.com 3. June 2009 00:06

Several weeks ago we blogged about the reasons most often given for one wanting to takeover a lease.  Now it is time to look at the other side of the equation and find out what the motivation is behind those individuals wishing to exit their lease... 

The following list was compiled using a two-tier approach based on Swapalease.com user feedback. Results data was obtained directly from users through the web site as well as through employee user interaction.

  1. Financial concerns
  2. Lifestyle changes
  3. Want a new vehicle
  4. Mileage concerns
  5. No longer need vehicle
  6. Gas prices
  7. Family size
  8. Dislike their present vehicle
  9. Insurance costs
  10. Maintenance costs

Financial concerns, the top response incorporated a range of user feedback including, but not limited to mortgage related issues, loss of employment, and general budgetary concerns. Lifestyle changes remain a strong motive, as well indicated by runner up status. The most prevalent example provided by Swapalease.com users was a growing family and the fact that their present vehicle will not be able to accommodate their needs in terms of people and gear hauling capacity.

Interestingly, Swapalease.com clients noting that they simply want a new vehicle as a basis for transferring a lease landed the third position despite an uncertain economic outlook.  Also current prices at the pump are often cited as a basis for wanting to exit a lease. 

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About the author, Scot Hall...

As an automotive enthusiast with over 15 years of experience in the automotive business, Mr. Hall is an automotive expert.  In addition to his retail automotive experience with an emphasis on automotive consumer finance including leasing, he was part of the original team that pioneered online lease transferring at Swapalease.com back in the late nineties. 

Since becoming a member of the Swapalease.com team, Mr. Hall has helped grow the company and establish it as the clear leader in online automotive lease transfers.  In fact, under his leadership Swapalease.com was named as one of the Cincinnati Business Courier’s Fast 55, a list comprised of the fastest growing private companies in terms of revenue in the greater Cincinnati area.

Swapalease.com provides a simple and affordable way for consumers to exit their leases early with no penalties as well as great deals for consumers looking to get into short-term leases with no money down and low monthly payments. Swapalease.com receives millions of visitors annually and has been featured in stories by USA Today, Time Magazine and MSNBC, among others.

Mr. Hall, holds a B.S.B.A. from the University of Cincinnati in Marketing and Management.  Presently, he is the Executive Vice President of Operations for Swapalease.com.

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