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Car lease deals are more plentiful today compared with just a few years ago, but how do today’s lease payments compare with pre-recession levels? National car lease marketplace Swapalease.com analyzed monthly payments in 2012 and compared with vehicle inventory from 2006, finding payments on many models have increased with a few surprising declines.
Among today’s most popular brands and models, the Buick Lacrosse saw the largest jump in monthly payment between 2006 and 2012 at +61%. The Lacrosse has become a more popular vehicle in the Swapalease.com marketplace, with increased levels of listings and takeover demand. Conversely, the Toyota Camry monthly price has fallen -27.7% from 2006 to 2012, demonstrating the carmaker’s aggressiveness in promoting lease deals.
Arguably the most popular vehicle on the Swapalease.com marketplace, the BMW 3 Series’ monthly payment increased 13.1% between 2006 and 2012. A luxury category competitor, the Lexus IS 250 monthly payment fell -9.2% during the same time.
Among today’s most popular truck models, the Chevy Tahoe’s monthly lease payment increased the most between 2006 and 2012 at +42.1%. The Ford Explorer, however, saw its average monthly lease payment decline -12.6% during the same time.
Monthly lease payments as listed on the Swapalease.com marketplace are the actual prices drivers pay according to their lease contracts. During transfer, contracts are never changed or re-written, and the incoming driver takes over the same payment. However, there is no down payment requirement typically found at a dealership and a cash incentive offered by the seller can be applied toward the balance of payments.
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. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.