Latest Figures on Lease Credit Approvals Showing a Slight Decrease for September
Lease credit approvals reached 67.6% in September; Down from 71.3% in August, according to Swapalease.

Lease credit approvals reached 67.6% in September; Down from 71.3% in August, according to Swapalease.
CINCINNATI, Ohio – Swapalease.com reports car lease credit applicants registered a 67.6% approval rate in September. The approval rate is a slight decrease from the 71.3% rate in August.
The September number is similar to the approval rate at the same time last year, when the approval rate was also at 67.6% after a few months of the pandemic setting in. Despite the small decline Swapalease.com executives believe the level of consumer credit continues to hold steady this year. Furthermore, overall vehicle shopping activity has been relatively stable along with the broader economy.
As consumers continue to increase their credit standings by paying down debt, Americans are now contemplating upgrading personal items including cell phones, computers and vehicles to new models. However, instead of going into car dealerships, customers are searching sites like Swapalease.com for inventory that may not be available in a traditional dealership setting.
“Since credit strength continues to rise due to the figures maintained throughout the year, lease credit approvals also continue to stabilize,” said Scot Hall, Executive Vice President of Swapalease.com. “Consumer confidence is relatively strong as many households were able to save money while also paying down revolving debt over the last year-and-a-half.”
More Auto Finance

Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
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 →
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 →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →