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John Sternal's ADM Blog (194)

CHEVY CRUZE LT LEASE OFFERED AT $69 MONTHLY ENTERING JANUARY ON WANTALEASE.COM

Wantalease.com, the nation’s first online marketplace for new auto lease deals, reports its lowest-ever lease deal offered entering January, with the Chevy Cruze LT starting at just $69 per month. The Nissan Sentra SV is also being offered at just $129 per month nine other vehicles are being offered for less than $200 per month.

While the majority of low lease prices are being offered on compact and midsize cars, a handful of small SUVs are also at the low end of the price spectrum.…

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Added by John Sternal on January 27, 2016 at 12:49pm — No Comments

LEASE CREDIT APPROVALS FINISH A STRONG 2015 ON A DOWN NOTE

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals finished 2015 exactly at the 70.0% mark, squarely in line with what the company feels is a “healthy” rate of approvals. 

November and December lease credit approvals slipped slightly, bringing the moving twelve-month approvals average down from a high of 77.9% back in August. Despite the end-of-year downswing, lease approvals during 2015 mirrored the broader automotive industry with rising lease…

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Added by John Sternal on January 14, 2016 at 9:34am — No Comments

MEN & WOMEN PAY DIFFERENT PRICES FOR THE SAME CARS

Swapalease.com, the nation’s largest car lease marketplace, has new data that shows where men and women are paying different monthly prices for the same exact car.



While conventional wisdom has often thought of women as having less negotiating power than men, a recent analysis of car payments shows women often have lower monthly payments on similar vehicles.  Although monthly payments…

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Added by John Sternal on December 9, 2015 at 8:19am — No Comments

Cars & Features That Fail Most Often for Drivers

According to Swapalease.com customer service reps, below are a variety of cars in different price ranges and the poor performing vehicle features/attributes that cause people to escape the lease contract.

Which Cars & Features Cause People To Get A Different Vehicle

Among all vehicles on the road, these are the vehicles and issues that are mentioned most often by drivers as a reason for wanting another car or truck:

  • BMW 4 series - seating hurts back (no…
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Added by John Sternal on December 3, 2015 at 6:51am — No Comments

A NEW BREED OF CAR LEASE SHOPPER MAY BE PROPPING UP LEASE CREDIT APPROVALS

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals slipped to 75.0%, down slightly from the 80.0% mark reached entering October. Even with the change, the approvals rate on the year actually improved to 72.4%, a healthy mark for credit approvals.



Over the last three months, the lease credit approvals rate has been among the highest Swapalease.com has ever seen at 80.4%. In fact, Swapalease.com executives weren’t shocked to see the rate slip…

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Added by John Sternal on November 17, 2015 at 11:49am — No Comments

VOLKSWAGEN PASSAT AND JETTA AMONG LOWEST PRICED LEASES ON WANTALEASE.COM

Several carmakers continue to offer aggressive lease deals for less than $150 per month, including Volkswagen with current deals on the Jetta S ($139 monthly) and the Passat 1.8T Limited Edition ($179 monthly). These deals can be found on Wantalease.com, the nation’s largest online marketplace for new lease deals.



Volkswagen joins other brands such as Ford, Chevrolet, Honda, Nissan and Toyota as offering multiple lease deals under $200 per month. Chevrolet is offering three cars…

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Added by John Sternal on October 21, 2015 at 8:45am — No Comments

Volkswagen Lease Drivers Looking To Escape Lease Drivers

A quick note to provide additional information as it relates to the overall Volkswagen brand. The following insight is courtesy of Swapalease.com, which has been monitoring activity of Volkswagen lease drivers and shoppers considering the brand:

  • Number of listings in the transfer marketplace have jumped 20% from Sept. to Oct. (# of people looking to escape their VW lease)
  • Number of actual transfers are down -50% so far in Oct. compared with Sept. levels (fewer shoppers…
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Added by John Sternal on October 15, 2015 at 7:59am — No Comments

CAR LEASE CREDIT APPROVALS REACH THIRD STRAIGHT MONTH OF 80% SUCCESS

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals have crested above 80.0% approvals mark over the last three months, the first time approvals have shown this level of success in more than two years. So far in…

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Added by John Sternal on October 13, 2015 at 12:30pm — No Comments

$99 CHEVROLET MALIBU HEADLINES END-OF-SUMMER LEASE DEALS

Chevrolet proves that car shoppers can get a car lease for $99 per month, according to the latest lease deals currently offered on the Wantalease.com online lease marketplace. The Chevrolet Malibu can be leased for $99 monthly, along with 11 other vehicles with lease deals for less than $200 per month.



The Volkswagen Jetta S, Nissan Sentra SV and Chevrolet Cruze LT are being offered for less than $150 per month. This month’s popular lease deals are heavily weighted toward Compact…

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Added by John Sternal on September 15, 2015 at 6:53am — 1 Comment

Media reports have indicated that 100 million cars have been under recall since the start of 2014, with 74.2 million in 2014. According to Swapalease.com, vehicles under recall may not have a transfe…

Media reports have indicated that 100 million cars have been under recall since the start of 2014, with 74.2 million in 2014. According to Swapalease.com, vehicles under recall may not have a transfer processed until paperwork can be provided of the completed service. According to Swapalease.com, this added safety measure generates an additional step in the transfer process but is a necessary part to ensure vehicle safety.

 

Recalls Part of the OEM Marketing Strategy?…

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Added by John Sternal on August 26, 2015 at 6:22am — No Comments

NFL & CARS SURVEY SHOWS MOST CAR ENTHUSIASTS THINK NEW ENGLAND WILL WIN THIS YEAR’S SUPERBOWL

Swapalease.com, the nation’s largest car lease marketplace, today released results of its NFL & Cars survey, where football fans revealed their favorite cars and also discussed which NFL teams remind them most of popular cars in automotive history. The majority of survey participants think the New England Patriots will win the SuperBowl this year, and also feel the BMW 5-Series should be Car of the Year.



Key highlights of the survey (…

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Added by John Sternal on August 1, 2015 at 10:00am — No Comments

CAR LEASE CREDIT APPROVALS RISE 3.5% ENTERING JULY

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals entering July saw a healthy rebound from June levels, jumping 3.5% to an overall approvals rate of 72.0%, compared with just 69.6% in the previous month.



The year-to-date approvals rate improved to 68.0%, hovering closely to the “healthy” average of 70% that Swapalease.com has historically benchmarked. Swapalease.com executives feel the July numbers reflect the continued summer strength in…

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Added by John Sternal on July 28, 2015 at 10:09am — No Comments

DIVERSE GROUP OF VEHICLES SEEING MONTHLY LEASE OFFERS OF LESS THAN $200

Swapalease.com, the nation’s largest car lease marketplace, reports sixteen lease deals on popular cars and trucks in its Wantalease.com new lease marketplace with monthly offers of $200 or less in June, with six under $160 per month.

 

 

Headlining the lowest monthly offer, the Volkswagen Jetta S is listed at $139.00 per month followed by the Chevrolet Cruze LT at $147.00 and the Chrysler 200 Limited at $149.00. Lease deals are offered at 24-, 36-, or…

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Added by John Sternal on June 25, 2015 at 11:11am — No Comments

CAR LEASE CREDIT APPROVALS DOWN SLIGHTLY ENTERING JUNE

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals for May were down -11.5% from the month before, with 69.6% of car lease shoppers gaining approval by the bank to proceed with a car lease transfer compared with 78.6% during April. 



The year-to-date (67.4%) lease credit approval rate in 2015 has performed slightly better than same time a year ago when 65.9% of car lease shoppers were gaining approvals. And despite some…

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Added by John Sternal on June 16, 2015 at 10:55am — No Comments

SubPrime Car Leasing?

Should the auto industry be paying closer attention to SubPrime Leasing? Recent comments from KBB and Autotrader analysts said competition might be encouraging lenders to explore this profile further. But Swapalease.com believes this is a segment that not only offers lower-than-expected risk, but one that could benefit from more leasing options.

According to…

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Added by John Sternal on June 10, 2015 at 1:59pm — No Comments

LEASE OFFERS HEAT UP AHEAD OF MEMORIAL DAY SALES

Swapalease.com, the nation’s largest car lease marketplace, reports several aggressive lease deals in May according to its Wantalease.com new lease online marketplace. Fifteen popular cars and trucks are being offered this month with monthly payments of $200 or less.



Five cars are offered for less than $149 per month, headlined by the Chevrolet Malibu LT, which can be leased for $149 monthly and $0 down payment. Other cars offered at $149 monthly include the…

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Added by John Sternal on May 20, 2015 at 1:54pm — No Comments

The Millennial Mistake: Detroit’s Absence From Hollywood

Swapalease.com executives recently analyzed the difference in how Hollywood leverages cars today versus during the 1970s and ‘80s. The difference is obvious.



During the 1970s and ‘80s, Hollywood went to great lengths to showcase iconic cars and trucks in popular TV shows and movies.

  • The A-Team van
  • Magnum P.I.’s Ferrari
  • Smokey and the Bandit’s Trans-Am
  • Herbie The Love Bug



Since the late 1990s,…

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Added by John Sternal on April 29, 2015 at 8:02am — No Comments

Uber Costs vs. Low Mileage Lease

Assuming you drive just under 10,000 miles per year, does it truly make more sense to Uber everywhere compared with car leasing?



There has been some…

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Added by John Sternal on April 22, 2015 at 6:30am — No Comments

Swapalease Selects WeGoLook for Lease Transfer Auto Inspections

Swapalease announces WeGoLook as their exclusive auto inspection company for lease transfers.

Consumers looking to purchase lease takeovers will utilize WeGoLook to complete auto inspections prior to the transaction.



WeGoLook announces it has…

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Added by John Sternal on April 15, 2015 at 7:30am — No Comments

CAR LEASE CREDIT APPROVALS SEE LOWEST NUMBERS SO FAR IN 2015

Volatility Remains for Lease Applicants Due to Increased Attention on Secondary Market

 

CINCINNATI, OHIO (April 14, 2015) – Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals for March tumbled to just 60.0% of lease transfer applicants, with the 2015 average off the average healthy pace at just 63.4%.

 

Lease credit approval volatility has been apparent over the last six months, with every other month surging above or below…

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Added by John Sternal on April 14, 2015 at 6:16am — 1 Comment

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