FI showroom red and grey logo
MenuMENU
SearchSEARCH

Swapalease.com: Auto-Related Credit Approvals Up 27.3 Percent in 2012

U.S. Bank data shows 27.3 percent more approvals in 2012 vs. 2011. December’s credit approval rate also jumped 55 percent from November.

by Staff
January 15, 2013
1 min to read


CINCINNATI, Ohio — National car lease marketplace Swapalease.com reported this week that customer credit approvals based on U.S. Bank data jumped 27.3 percent in 2012 compared with approval rates from 2011. Consumer credit is the backbone of vehicle lease approvals, and the latest company data showed a continued positive trend since it last reported credit data in September.

Most notably, the last two months of 2012 saw significant credit approval rates jump, with 55 percent more approvals in December compared with November. Credit declines from month-to-month shrank by 29 percent during the same time period. Furthermore, Swapalease.com recorded 240 percent more credit approvals in December 2012 vs. December 2011.

Ad Loading...

“We continually monitor credit approval trends on the Swapalease.com marketplace to determine if the overall health of the economy is impacting car leasing,” said Scot Hall, executive vice president of Swapalease.com. “Looking ahead, it will be interesting to see if these approval rates dip back down once the increased payroll taxes take effect from the fiscal cliff negotiations.”

Additional U.S. Bank data for Swapalease.com shows customer credit declines shrank 32 percent in the second half of 2012 compared with decline rates in the earlier part of the year.

More F&I

Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →
Photo of essential oil diffuser on desk next to laptop
F&IMay 4, 2026

Your Office Is Talking

What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.

Read More →
Ad Loading...
"Effective training ensures the customer’s needs remain at the heart of everything we do. When that is the focus, both sales and profits naturally improve." by Rick McCormick with F&I and Showroom logo and picture of Rick McCormick
F&IMay 1, 2026

F&I Training Fundamentals

How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.

Read More →
Photo of car tire and the tread mark it left in snow
F&Iby Hannah MitchellApril 29, 2026

Not Just Any Tire Will Do

More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.

Read More →
Photo of robot holding a laptop
F&Iby Hannah MitchellApril 27, 2026

How AI Will Drive the Next Wave of Innovation in Finance & Insurance

It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.

Read More →
Ad Loading...
Photo of notepad and pen next to computer keyboard on desktop
F&IApril 13, 2026

Control in Sales Is an Illusion

Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.

Read More →
Photo of external keyboard on office deak next to window
F&IApril 7, 2026

The Limited Warranty Game

Bringing it in-house benefits the dealership and its customers.

Read More →
Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Ad Loading...
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →