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Is it time the auto industry got serious about a used lease program that mirrors the effectiveness of the CPO programs? Scot Hall, EVP at Swapalease.com, who has been talking about the need for a used lease program, especially based on recent trends in the auto industry:

  • The appetite for leasing is now past 25% of sales according to Experian and is nearing all-time high levels
  • Industry insiders say 400k leases will be returned this year, creating more inventory for dealers and banks
  • More suprime shoppers are looking for leases
  • A still-strong used market is keeping values and residuals healthy

"It's feeling like it is time to build a pre-leased program that would cater to the used car shopper and less-than-prime customers to help move a lot of the lease returns," said Scot Hall, Executive Vice President at Swapalease.com. "CPO programs have proven the strength of pre-owned, and we believe there will be a healthy market for a certified pre-leased environment with minimal risk to banks."

Views: 32

Tags: autos, car, cars, lease, leasing, shopping, transfer

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