As Swapalease marks two years in business in October, an
increasing number of consumers across the U.S. are discovering it is
possible to get out of their auto leases early without incurring large
financial penalties or hassle. Swapalease
(www.swaplease.com), is an online
marketplace dedicated to transferring auto leases.
"Swapalease has exceeded our expectations in just two years," said
Ron Joseph, Jr., CEO and co-founder of Swapalease. "Despite a volatile
economy, we have successfully transferred over $10,000,000 of vehicles
on Swapalease's online marketplace."
According to the company, the most recent market data shows that of the 17 million consumers
currently driving a leased vehicle, upwards of 15 percent of those lessees
want or need to get out of their auto lease early. Swapalease says it has seen consistent growth
over the past 24 months in both the number of consumers visiting the
site and the number of auto lease listings posted at the online
marketplace.
"We have over 5,000 vehicles currently listed on the site and
vehicle listings from every state -- and we still feel like we are
just getting warmed up," said Richard Joseph, president of Swapalease.
"There are currently 17 million people driving leased vehicles, and if
they want out of their lease early, we can help."
"The Swapalease concept is one that has been desperately needed by
auto leasing consumers for a long time, but just didn't exist before,"
said Al Hearn, president of LeaseGuide, Inc. "Beyond the obvious
benefits, it also provides peace of mind to people who are reluctant
to lease by creating a hassle-free way to exit their lease if they
ever need it."
"Leasing will always be an important part of the retail automobile
industry, and Swapalease will remain a powerful tool to those who
lease," said Norm Barron, General Counsel of the Greater Cincinnati
Automobile and Dealers Association (GCADA).
"Consumers' car needs are evolving constantly, and we think they
will enjoy the value and flexibility Swapalease can bring to their
auto leasing experience," said Ron Joseph. "Our growing customer base
is evidence of the fact that we are providing a powerful new service
to consumers when it comes to their automotive needs."
About Swapalease.com
Based in Cincinnati, Ohio, Swapalease.com is an online marketplace for transferring automobile leases.
Swapalease.com says it matches and enables transactions between lessees
wanting to get out of their leases prior to the maturity date with
consumers interested in taking over such leases. Established in October 2000, the company's management team
brings more than 50 years experience from the automotive industry. To
learn more about Swapalease.com, visit www.swapalease.com, or call
1-866 Swap-Now (1-866-792-7669).
0 Comments
See all comments