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: 27

Comment

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

Join DealerELITE.net

Latest Activity

Crystal Hartwell posted a blog post

Dealership Buy/Sell Market Marked Fifth Consecutive Year of 200+ Transactions in 2018 with Continued Growth Predicted for 2019

  2018 transactions increased 6.9% year over year, including record number of multi-dealership…See More
11 minutes ago
Dave Anderson posted a blog post

Fixed Mindset or Growth Mindset?

When it comes to your thinking, you either have a fixed mindset or a growth mindset. Because your…See More
1 hour ago
Jim Flint posted a video

How to Play Defense on Google Ads

CEO & Founder Local Search Group Jim Flint discusses how dealers can have a good defensive strategy in their pay-per-click campaigns.
2 hours ago
Damian Boudreaux posted a blog post
2 hours ago
Isabella Rossellinii posted a blog post

Identify The Real Health Risks Of Using CBD Products Before Using

It is just within a few years that CBD or cannabidiol has become enormously popular all over the…See More
8 hours ago
John Sternal posted a blog post

New Infographic Makes Case for Reinsurance Review

Protective Asset Protection, a provider of F&I programs, services, and dealer-owned warranty…See More
yesterday
Samuel posted a blog post
yesterday
Michael Trasatti posted a blog post

DealerBuilt Partners with ParkerGale Capital to Further Company Growth & Innovation

With increased capital & resources DealerBuilt will further improve customer service &…See More
yesterday
Bill Wittenmyer posted a video

Witt's Wise Words: Getting the Most Out of Your CRM

CDK Global VP of Sales Bill Wittenmyer shares how dealers can get the most of their CRM investments in this episode of Witt's Wise Words.
yesterday
Mike Esposito posted a blog post

Auto/Mate Sets Dates for the 2019 National Customer User Summit in Nashville, TN

ALBANY, N.Y. – March 18, 2019 – Auto/Mate Dealership Systems today announced that its…See More
yesterday
Profile Icon via Twitter
How to perfect the lean in understanding your customers body in sales. - https://t.co/fRWOKTU2Ma https://t.co/peTA5hM5xA
Twitteryesterday · Reply · Retweet
Profile Icon via Twitter
Internet Sales 20 Group 12 - Nashville, TN March 18th-20th - IS20G - https://t.co/fRWOKTU2Ma https://t.co/2MXLY9jiIM
Twitteryesterday · Reply · Retweet
Noel Walsh posted a video

How to perfect the lean in understanding your customers body in sales.

In this short video I will teach you as a salesperson how to perfect the lean to better know your customers body language!
Sunday
Arnold Tijerina posted blog posts
Saturday
DealerELITE's video was featured

CONQUER YOUR CONFLICTS ~ LEADERSHIP

Honored to have Chris Saraceno with me today. We had an amazing conversation about LEADERSHIP and his book The Theory of 5. Chris is an amazing leader that t...
Saturday
DealerELITE posted a video

CONQUER YOUR CONFLICTS ~ LEADERSHIP

Honored to have Chris Saraceno with me today. We had an amazing conversation about LEADERSHIP and his book The Theory of 5. Chris is an amazing leader that t...
Saturday
Walter McNulty posted a status
Saturday
Walter McNulty posted a status
"I will be traveling over the next 2 weeks. I have to call on some great dealers and I have 2 staffed events in North Carolina."
Saturday
Profile Icon via Twitter
Checking out "Personal Potential Portal" on @dealerELITE: https://t.co/dBc8zP60ac
TwitterFriday · Reply · Retweet
Profile Icon via Twitter
TwitterFriday · Reply · Retweet

Get Newsletter

© 2019   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service