Want My Lease? Here, Have It!
Written by Leif Cefalo (contact - e-mail) -- December 1st, 2008 |
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Type in “transfer lease” or “trade lease” into any search engine and two sites come up as the most prevalent: leasetrader.com and swapalease.com.
These sites have become more commonplace as people struggle in the tough economic times to bail out of their pricey leases. Without such companies, individuals are forced to either pay off the entire contract balance or enter upside down into a new vehicle based on the unpaid balance of the previous lease. Of course, these options don’t suit many people, especially in today’s market.
The end result, traffic to leasetrader.com is up 42% year-over-year.
And, swapalease.com’s daily reach is seeing huge increases as well.
The end result is a win/win in my opinion. Those struggling are quickly able to end a burdensome lease and those looking for a short term vehicle option have more and more vehicles to choose from as more people seek this lease bailout option.
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December 2nd, 2008 at 11:26 am
Darn. I checked out Swapalease.com and boy, do they have some sweet deals listed. I’m not really sure how this works, but it seems like a great place to get a lease with no down payments.
January 15th, 2009 at 2:26 pm
You are right, they’ve become common place in difficult economic times. That is why it is such a disgrace that Swapalease is ripping people off. They make tons of promises that they don’t keep to get you to sign up with them. And no matter how bad the service turns out for you a refund will never happen.