Leasing vs. Buying- The Most Affordable Vehicle Option for University Students

University students are leasing short-term vehicles to meet their transportation needs for college

With hefty tuition prices rising each and every year, college students and their parents brace themselves for college expenses. Outstanding Federal loan debt has reached almost 1.4 trillion dollars, the largest source of consumer debt after housing.  There’s no doubt that students are cutting back on spending to avoid taking out more student loans.

When it comes to getting around on and off campus, parents want their students in a vehicle that is reliable and cost effective.  College students are not looking for long-term vehicle choices, as a four-year university is a short-term and temporary situation- at least for most students.  With the average price of a new vehicle costing consumers approximately $36,270, students can lease a new car for several years at a fraction of the price.

Swapalease.com, the world’s largest automotive lease marketplace, provides students with a practical alternative to buying a car that fits their needs, without tacking on crippling debt. Swapalease allows students to take over a lease according to their own terms.  Students can lease a vehicle for as little as three months, up to three or four years depending on their needs.

Some of the top reasons college students are leasing today:

Leases are a short-term solution, providing students with a dependable car to last them through college years without sacrificing amenities and upgrades.  The option of leasing gives students a goal to look forward to post-graduation, a new car!

Leased vehicles are typically newer, offering the latest tech features and ingenuity.  They are less likely to run into problems, and most can help students navigate their new college town with built in GPS systems.

Cars that are leased are typically considered low risk. Students who lease don’t take on repair costs and vehicle maintenance in the way that car owners do.  Since the dealership assumes the risk, students can focus on their studies- not car repairs.

Leasing a college vehicle is more cost effective.  Drivers can pay as low as $130 a month, only paying for a portion of the vehicle price through the term- which is much less than purchasing the vehicle new at full price. What’s more, when you take over someone else’s lease through the Swapalease platform, there is no down payment (since that has already been paid by the previous individual).

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: 18

Comment

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

Join DealerELITE.net

dE Sponsor

Latest Activity

Sandy Zannino posted a blog post

$505 MILLION--Do your managers know the basics to keep your PROFITS safe?

Auto Dealer HR: Ain't Nobody Got Time for That!  The EEOC secured $505 Million dollars in 2018 for…See More
14 hours ago
Kevin Winter posted a blog post
yesterday
Russ Beckenstein posted a video

How do you Ensure the Trade-In isn't a Deal Breaker?

AutoLoop VP, Front End Solutions Russ Beckenstein shares advice on how dealerships can avoid a customer's trade-in becoming a deal breaker.
yesterday
Andy Church posted a video

Profit By Action Quick Tip: Used Vehicle Inventory Management

Andy Church explains why used vehicle inventory management is vital to dealership profitability in this Quick Tip.
yesterday
Simon Hopes's blog post was featured

3 Dangerous Driving Habits to Avoid at All Costs

If you’ve been in a car any time recently, then you won’t be surprised to hear that distracted…See More
yesterday
Asad Shoaib posted a blog post

Do I Really Need To Fix That Dent In My Car?

No matter the season, finding dents on our cars are all too common. Maybe you backed up into a…See More
yesterday
Bill Wittenmyer's blog post was featured

Do you have “Only Person in the World” Disease?

Recently I was waiting in line at an airport, along with hundreds of other travelers. A couple…See More
Friday

de sponsor

Get Newsletter

dE Sponsor

© 2018   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service