LeaseTrader.com Launches New Dealer Lease Program
LeaseTrader.com's new online marketplace for leasing aimed at helping dealers lease vehicles outside of their regions.
MIAMI — LeaseTrader.com announced a new dealer lease program that will allow dealers to sell new leases to local customers, as well as outside their region.
"Our marketplace has brought an incredible amount of liquidity into the automotive industry and changed the way people view a car lease contract," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "These changes have also leveled the playing field, giving consumers a bigger competitive edge when shopping for a car."
Shoppers can select the package that's right for them, depending on how many miles they need for the down payment they can afford, dictating their monthly payment.
"Shopping for a car lease today is ultra-competitive, and customers want to know they're getting unparalleled service with a deal that can't be found elsewhere," said Christine Kick, business development manager of Orange County BMW in Harriman, N.Y. "The LeaseTrader.com dealer program allows car shoppers from outside our region to take advantage of our competitive lease offerings, giving us the ability to vastly expand our customer base."
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
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 →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
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 →