Automotive Digital Marketing

Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders

Loading... Be Patient!


Lease Approval Ratings Decline While Lease Applications Continue to Increase

CINCINNATI, OHIO (August 12, 2020) –, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 65.1% approval rate in July, a slight decline from the June rate of 67.1%.

July experienced a higher number of applicants with qualifications for taking over another person’s lease contract yet saw a slight decrease in the number of applicants who were approved. The approval ratings are also slightly lower than those in years past.

In July of 2019, approximately 69.1% of applicants were approved, and in July of 2018, a healthy 71.2% of applicants were approved. Approval rates have continued to fluctuate since January when the spread of the COVID-19 virus first began.  The approval rates continued to rise in January and February, with slight fluctuations each month from March to July. 

“While the Consumer Financial Protection Bureau reported credit applications for automotive loans fell between thirty and fifty percent since March, we’ve been fortunate to see an increase in shoppers and credit applications to take over another person’s lease each month,” said Scot Hall, Executive Vice President of “Shoppers are looking for alternative means to vehicle acquisition, and sites like make that possible. Shoppers want short-term commitments with low risk during unprecedented times.” matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has several thousands of cars and trucks available for transfer to anywhere in the continental U.S.


Headquartered in Cincinnati, Ohio, is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use’s safe online system to contact the prospective seller and close the deal. For more information about or how to exit your lease early, call 866-SWAPNOW or visit

Views: 24


Oops... You need to stop "Lurking" on ADM and become a more genuine Automotive Professional by completing your membership registration. As a registered ADM Member, you can post comments, publish your own articles (be a star!) and start Forum discussions. Stop being an online "Peeping Tom" and JOIN ADM RIGHT NOW!

Join Automotive Digital Marketing

Automotive Professional Network and Resource Exchange for Car Dealers, Managers, OEM and Marketing Practitioners seeking Best Practices.

ADM Sponsor

William B. Terry
Rated by Super Lawyers

loading ...

ADM Badge


Based On Your Interests...

ADM Consulting, LLC

Onsite/Offsite Combination ADM Consulting, LLC Professional Services
Select the maximum monthly investment you plan to make
Sign up for

Automotive Marketing Tools

Get ADM Toolbar

Click here to take the ADM Member Survey

Getting too many emails from ADM? Click mailbox below to control which types of alerts and updates you are sent......



ADM Professional Services
Phone Consultation
Topic or Issue:

Top Automotive Marketing Forum Discussions

Share the Best Content w/AutoMarketing Community

Microsoft Office PowerPoint

© 2020   Created by Ralph Paglia.   Powered by

ADM Badges  |  Report an Issue  |  Terms of Service, pub-1344093271332697, DIRECT, f08c47fec0942fa0, pub-1344093271332697, DIRECT, f08c47fec0942fa0