FI showroom red and grey logo
MenuMENU
SearchSEARCH

Car Lease Customer Credit Approvals Slip During August

According to Swapalease.com, slightly fewer approvals came through vs. the previous month and the overall strength on the year.

by Staff
September 17, 2013
2 min to read


CINCINNATI, Ohio – Swapalease.com, a car-lease marketplace, reports a slight drop off in year-to-date credit approval trends for August compared with July. The average customer credit approval rate at the end of August was 74.5 percent, down slightly from 75.6 percent at the end of July. Approximately three quarters of all people looking to take over someone’s lease are now being approved by the leasing company.



With the exception of August data, customer credit approvals have continually improved throughout 2013, and the current 74.5 percent approval rate compares to a 62.7 percent approval rate during the same time last year. Credit is an important part of the car lease process, and each customer looking to take over a lease on Swapalease.com must have equal or better credit standing compared with the existing lessee. Each leasing company determines final approval of car lease applicants.



Ad Loading...

“The August data continue to show a strong lease approvals market, and this correlates to a similarly strong market for new leases at the retail level,” said Scot Hall, executive vice president for Swapalease.com. “We believe the customer credit approvals rate will remain at or near current levels through the remainder of 2013.”



The previous sixty days’ approval activity has been the strongest two-month span so far in 2013, with a 75.5 percent approval rating during that time. July and August were also the strongest two months of 2012, when a combined 75 percent in approvals were recorded. The total number of applicants year-to-date has remained relatively unchanged compared with the same time period last year.

More F&I

Laptop computer, tablet, calculator and notebook on a desk
F&Iby John TabarAugust 20, 2026

Just Do It

F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.

Read More →
stacks of coins, a calculator, paperwork, and a pair of glasses in the background, text Lender Experience Drives Dealer Decisions, F&I and Showroom
Auto Financeby Lauren LawrenceAugust 12, 2026

Dealer Lender Preferences Revealed

When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.

Read More →
Leading with Purpose thumbnail. Trent white pictured in front of titled graphic.
F&IAugust 5, 2026

Leading with Purpose

In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.

Read More →
Ad Loading...
Photo of a keyring with mltiple keys, including a car key fob, on a white surface
F&IJuly 15, 2026

Integrating Nontraditional F&I Products

The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.

Read More →
Photo of businessman's hands holding eyeglasses at a desk
F&Iby Rick McCormickJuly 7, 2026

Trust Is Personal

Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.

Read More →
Photo of executive in a sports coat and glasses
Industryby StaffJuly 2, 2026

Amplify 2026 Billed as Turning Innovation Into Results

Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.

Read More →
Ad Loading...
Woman standing on stage smiling.
F&Iby Lauren LawrenceJuly 1, 2026

Own Your Outcome: F&I in the Digital Customer Journey

Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Ad Loading...
Under the hood of a Toyota Prius EV Hybrid car.
F&Iby StaffJune 15, 2026

New Lifetime Battery F&I Product Meant to Drive Dealer Traffic

EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.

Read More →