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Fair or not, some constituents are unhappy with what their elected officials are paying to drive. In the majority of cases, these cars are leased. Some opponents are even using the price of the car lease in attack ads. Politicians have taken notice of this sensitive and growing issue and some have been looking to escape their leases through the Swapalease.com car lease transfer marketplace. Every customer that lists a vehicle on the Swapalease.com marketplace is assigned an account representative, and these customer service reps have indicated a growing number of listings from political officials.
Many of the car leases getting listed range in price from $500 - $750 monthly. BMW, Lexus and Cadillac have traditionally been popular leased vehicles by politicians, but even Ford, Chevrolet and Toyota have been brands listed by politicians looking to escape the contract.
"Car leases have been a popular form of transportation for elected officials for many years, but lately they have started to be the target of negative attack ads by opponents," said Scot Hall, Executive Vice President of Swapalease.com. "Regardless of whether the attack campaign offers merit, we're happy to offer options that allow these elected officials to escape their lease if they feel they no longer wish to drive the vehicle."
Politicians choose to drive a lease for a number of reasons that include price and commitment. The vehicles in question would actually cost more if they were purchased by the elected officials since leasing offers drivers the ability to pay for only the portion of the car they drive. Additionally, many leases today are written for twenty-four months, ideal for candidates that want a two-year commitment for their elected session.
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com 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 Swapalease.com’s safe online system to contact the prospective seller and close the deal.