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October 23, 2017 - Industry News

September’s Lease Approval Rate Falls to Lowest Level in 2017

September’s rate was recorded after August’s 68.3% approval rate. The car leasing marketplace attributed September’s rate to the effects of hurricanes Harvey and Irma.

Tags: credit approval rate, lease, Swapalease.com

September 20, 2017 - Industry News

RoadVantage’s New Preferred LeaseCare Combines Active Protection With Lease-End Benefit

The new program combines the ‘as you drive’ benefits of the F&I product provider’s ancillary products, including dent-and-ding, windshield repair, interior/exterior repair, and key replacement, with a lease-end benefit.

Tags: dent-and-ding, F&I products, key replacement, lease, RoadVantage, windshield protection

June 20, 2017 - Industry News

Swapalease: Lease Approval Rate Falls to Three-Year Low

Lease applicants registered a 48.1% approval rate, the lowest level since the car lease marketplace began tracking the stat in 2014. The firm explained that the rise in consumer interest for luxury SUVs is what’s driving the uptick in declines.

Tags: F&I process, lease, new-vehicle sales, Swapalease.com

April 12, 2017 - Industry News

Swapalease: Lease Credit Approvals Strong Again in March

Despite rising incentives and an increase in the number of lease returns to dealerships, auto dealers continue to push lease deals. And according to the online lease marketplace, approval rates have hovered above 70% for two straight months so far in 2017.

Tags: lease, Swapalease.com

March 9, 2017 - Industry News

Lease Credit Approvals Jump 33.3% in February

Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.

Tags: lease, Swapalease.com

May 31, 2016 - Industry News

Consumers Hungry for Used Leases, Survey Says

A survey conducted by Swapalease.com found that both dealers and car buyers are interested in used-vehicle leasing. Top used vehicles consumers would like to lease include the Cadillac Escalade, CTS, and the Jeep Cherokee, while dealers would like to offer used leases on the Buick Regal, Cadillac CTS and Chevrolet Cruze.

Tags: lease, Survey, Swapalease.com, used vehicles

May 26, 2016 - Industry News

Toyota, Volkswagen Announce Partnerships With Ride-Hailing Services

Toyota announced a partnership with ride-hailing giant Uber, while Volkswagen forged a pack with lesser-known but reportedly fast-growing Gett. While both OEMs sought out relationships with ride-hailing services, their approach to the partnerships will differ slightly.

Tags: Gett, lease, Ride-Sharing, Toyota, Uber, Volkswagen

April 5, 2016 - Industry News

1.8 Million Off-Lease Vehicles Returning to the Market in 2016, Experian Reports

The amount of cars being leased has grown by 76% since 2008, according to an Experian Automotive study. By the end of 2016, 1.8 million off-lease vehicles will return to the market, the firm says.

Tags: Experian Automotive, lease, Study

September 3, 2015 - Industry News

Lincoln Captive Offers Customers Credit Protection Package

The complimentary package includes around-the-clock credit monitoring, unlimited access to credit reports and scores, lost wallet protection, and up to $1 million in identity theft insurance coverage.

Tags: credit monitoring, F&I manager, identity theft, lease, Lincoln Automotive Financial Services

August 21, 2014 - Industry News

F&I and Showroom Extends Deadline to Enter F&Idol Contest

The deadline to enter F&I and Showroom's F&Idol contest has been extended to Monday, Aug. 25. At stake is up to $3,500 in prize money and a trip to Industry Summit 2014.

Tags: F&Idol, IAS, key replacement, lease, Service Contracts, Tire and Wheel

March 20, 2014 - Industry News

February Lease Credit Approvals Up 11% From Last Year

So far in 2014, the credit approval rate is clocking in at 68.3%, close to the level Swapalease.com considers “healthy” at 70%.

Tags: Credit, credit approval rate, lease, Swapalease.com

January 14, 2014 - Industry News

Auto Lease Approvals Rebound Slightly in December

Holiday shopping trends help 2013 finish with healthy credit approvals, Swapalease.com reports.

Tags: Credit Scores, lease, Qualifying Buyers, Swapalease.com

December 17, 2013 - Industry News

CPO Primed for Big 2014, CNW Predicts

CNW says three million leases are set to expire in 2014, fueling the firm’s prediction of a solid year for the certified pre-owned market.

Tags: Art Spinella, CNW Research, CPO, lease

October 9, 2012 - Industry News

Chase Auto Finance Honors Top Auto Auctions

Chase Auto Finance recognized eight auctions across the country for their performance

Tags: ADESA, Auto Auctions, Chase Auto Finance, Chase Cup for Auction Excellence, Columbus Fair Auto Auction, F&I, lease, Manheim

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