Professional Community for Car Dealers, Automotive Marketers and Sales Managers
Incentives on a lease and purchase often vary, and the vast majority of car shoppers do not realize this difference. Finance Incentives Options (2 of them) are usually: Option of cash rebate (example: $2k rebate); or low interest rate over a period of time. Lease Incentives Options (3 of them) are usually: Different cash rebate; different subsidized interest rate; or a subsidized residual value.
“The art of the deal is different between financing and leasing, and the makeup of…Continue
Added by John Sternal on July 22, 2016 at 11:27am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals registered a 61.1% approval rate for May, a significant drop from the approval ratings in April (69.9%).
As consumer confidence decreases it may be pulling credit approvals down with it. Consumer confidence weakened slightly in May, dropping 92.6, down from 94.7 in April according to The Conference Board. As the year continues,…Continue
Added by John Sternal on June 21, 2016 at 8:54am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, recently conducted a survey in which drivers from Southern California were asked about their driving preferences, habits and largest annoyances. Most people polled (40%) said Long Beach to Los Angeles is the most difficult corridor to drive, with Anaheim to Los Angeles (25%) coming next. …Continue
Added by John Sternal on June 14, 2016 at 10:41am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, recently completed an online survey presented to more than 2,500 drivers across the U.S. to gauge their appetite for leases deals on used cars and trucks. The company also commissioned a similar survey presented to 250 automotive executives at dealerships across the country on their desire and plans to offer more lease deals on used cars and trucks.
The opportunity for lease deals on used cars and trucks may be ripe. 78.7% of…Continue
Added by John Sternal on May 31, 2016 at 5:56am — No Comments
All the talk in auto leasing lately centers around used lease options. Toyota and Ally Financial recently announced expanded programs for used leases.
But how much would your monthly payments be on a used lease? Consumers would expect those monthly payments to be even lower since it's a three-year-old vehicle. But by how much?
National online auto lease marketplace, Swapalease.com, recently conducted a comparison of monthly payments on two popular trucks today, a 2016 GMC Yukon…Continue
Added by John Sternal on May 5, 2016 at 10:48am — No Comments
At what rate is “manual drift” occurring in the American auto industry, and is there a difference between the rate of manual transmission use between men and women? Swapalease.com, the nation’s largest car lease marketplace, recently analyzed over 50,000 driver records from its marketplace dating back to 2012 to uncover some interesting trends.
“Manual drift” is a phrase coined by Swapalease.com executives that addresses the slow sunset of interest in manual transmissions…Continue
Added by John Sternal on April 5, 2016 at 9:15am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals are beginning to bounce back after a dip in the numbers in late 2015. Auto lease credit approvals for the month of February finished at 70%, an uptick from the January mark of 63.6%.
As a whole, the automotive industry is continuing to thrive as it did last year. Increasing numbers in lease credit approvals may aid in ensuring that 2016 follows closely in 2015’s footsteps, yielding…Continue
Added by John Sternal on March 28, 2016 at 5:52am — No Comments
Which NCAA basketball team reminds fans of a Tesla? Or of a pickup truck? A new survey by car lease marketplace, Swapalease.com, asked basketball fans to pair up their favorite teams with certain types of cars to coincide with the NCAA tournament. The online survey, presented to more than 2,500 drivers across the U.S., found that most women think Michigan State will win the NCAA championship; Kentucky for…Continue
Added by John Sternal on March 15, 2016 at 1:36pm — No Comments
Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals began 2016 lower than what they had shown during the last two quarters of 2015, but also showed a marked improvement from the December dip. January auto lease credit approvals finished at 63.6%, higher than the December mark of 54.5% when the year finished on a down note.
Sales in the…Continue
Added by John Sternal on February 23, 2016 at 11:46am — No Comments
Is the lowest monthly car payment always the best deal? Not lately. And not with $2 a gallon gas.
New analysis from Swapalease.com shows that many car shoppers would end up spending less on their lease if they opted for more miles when negotiating their deal in the showroom. Why? $2 a gallon gas is having a lot to do with that since more people today are spending for extra mileage at the end of their lease. In each case it would have been cheaper to take the more expensive deal in the…Continue
Added by John Sternal on February 16, 2016 at 7:43am — No Comments
Swapalease.com, the nation’s largest car lease marketplace, has new data that shows that Scion vehicles were performing adequately on Swapalease.com, and in some cases had better performance than certain Toyota models and other peers. The analysis was conducted following Toyota’s decision to wind down production of the Scion brand.
Toyota declared that Scion, a division of Toyota Motor Corporation, will be discontinued as of August 2016. The upstart brand was launched in 2002 in an…Continue
Added by John Sternal on February 10, 2016 at 7:28am — No Comments
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.…Continue
Added by John Sternal on January 27, 2016 at 12:49pm — No Comments
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…Continue
Added by John Sternal on January 14, 2016 at 9:34am — No Comments
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…
Added by John Sternal on December 9, 2015 at 8:19am — No Comments
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:
Added by John Sternal on December 3, 2015 at 6:51am — No Comments
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…
Added by John Sternal on November 17, 2015 at 11:49am — No Comments
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…
Added by John Sternal on October 21, 2015 at 8:45am — No Comments
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:
Added by John Sternal on October 15, 2015 at 7:59am — No Comments
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…Continue
Added by John Sternal on October 13, 2015 at 12:30pm — No Comments
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…