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Top Ten Lease Takeover Reasons

CINCINNATI, Ohio June 26, 2008

Swapalease.com the World's Largest Lease Marketplace had recently released the Top Ten Lease Transfer Reasons. As a follow-up and complementary effort Swapalease.com is announcing the Top Ten Lease Takeover Reasons. Swapalease.com management said that the present list is also based on a two-tier approach stemming from user feedback, but of course form the other side of the lease transfer equation, the lease buyer.

  1. Short term leases
  2. No money down
  3. Incentives offered by motivated lease sellers
  4. Attractive monthly payments
  5. Easy and straightforward process
  6. Want or need a new vehicle
  7. Permits changing vehicles often
  8. No hidden fees or charges
  9. Vehicles with extra remaining miles
  10. Leases with attractive buyouts

Interestingly, the common theme from the lease takeover perspective is one of flexibility, rather than financial concerns as was the case with transferees. Similar to their counterparts, lease buyers are often motivated by lifestyle changes. This is well illustrated by Swapalease.com encountering multiple clients that have used the service to obtain a convertible for their warm weather home in the summer months and a SUV for their cold weather residence in the mountains during the winter.

Also noteworthy is the third position, the idea of incentives being offered by motivated sellers. Not only noteworthy due to the fact that a seller may be willing to pay you to take over their vehicle, but also because Swapalease.com holds the patent to this online technology. As a result, Swapalease.com is the only automotive web site where users can benefit from cash incentives effectively making all lease offerings attractive.

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 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).

NOTE TO EDITORS: Mr. Hall is available for interviews.

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About Swapalease

The leader in lease transfers and lease assumptions. Swapalease can help you exit your vehicle lease early by marketing your car lease to lease buyers seeking a short term lease assumption or lease transfer. Buyers can assume or takeover a lease that fits their payment budget as well as choose a lease term that meets their needs. Swapalease is the lease trade leader, the largest lease trader, and the pioneer in the lease transfer and lease assumption business. Swapalease is your best option for both entering and exiting automotive leases cost effectively.

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Time Magazine

Websites like Swaplease.com have helped facilitate such transactions. You pay to dump a lease, but the price can be thousands less than you would owe if you turned the lease in early to a dealer. Meanwhile, buyers can pick up some sweet rides for hundreds less than their normal cost, with short-term contracts and no down payment.

USA Today

Consumers aren't limited to what's being offered on the auto lots. They can buy a car, or take over someone else's lease on Web sites like Swapalease.com, a popular site that act as matchmakers between buyers and sellers.

Wall Street Journal

Terminating a Car Lease

The problem:

Getting out of a cal lease early
The Solution:

Find someone to take over your lease through service such as Swapalease.com. The site charges a fee to post a listing, and say finding someone is easiest for leases with 24 months or less left.

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