LEASE CREDIT APPROVAL RATES RISE TO 72.6% IN AUGUST

Lease Approval Ratings in August Reach Their Highest Number Yet for 2018

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 72.6% approval rate in August, a rise from the July rate of 71.2%.

August experienced a higher number of applicants with qualifications that led to more approvals for taking over another person’s lease contract during the month. August saw a slight increase in approval ratings from August 2017 approval numbers, where 68.3% of lease applicants were approved the previous year.

Since January, the lease approval rate has continued to rise, making August the strongest month of the year thus far. Approval ratings rose from 57.8% in January to 70% in April, and then experienced a slight decline for the month of May (67.9%). Since June, ratings have increasing again each month. 

“We are continually impressed with the increase in number of applicants, as well as with the increase in lease approvals,” said Scot Hall, Executive Vice President of Swapalease.com.  “The strong economy is certainly helping boost the credit approval rate for lease transfer applicants, but as prices on new vehicles keep rising and incentives continue to fall, we believe a growing number of shoppers will seek alternate channels for their next vehicle, such as the secondary lease transfer marketplace.” 

Swapalease.com 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.


About Swapalease.com:

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.

Views: 7

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

dE Sponsor

Latest Activity

Kyle Disher's video was featured
9 hours ago
Black Book posted a blog post

SUV and Pickup Truck Values Remained Stable Last Week

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car…See More
10 hours ago
Jeff Cowan posted a blog post

Success in Professional Sales Podcast: Episode 45- The "Why Would You Want To Do That?" Close

This week, Jeff discusses a close that is most effective when the customer is saying no to…See More
11 hours ago
Dane Saville posted a blog post

Here Are Easy Wins for Your Dealership’s Most Vital Pages

There are many enticing features for dealership websites that are simply ineffective bells and…See More
11 hours ago
Brett Sutherlin posted a blog post
13 hours ago
John Sternal posted a blog post
14 hours ago
Lois Burak's blog post was featured
yesterday
Lois Burak posted a blog post
yesterday

de sponsor

Get Newsletter

dE Sponsor

© 2018   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service