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

Assurant, Sell Value Build Trust, F&I Series, Expert Trainer Trent White
F&ISeptember 2, 2026

Sell Value, Build Trust

In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.

Read More →
2026 StoneEagle summary
F&Iby Hannah MitchellAugust 31, 2026

F&I Sales Give Dealers First-Half Lift

Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.

Read More →
man with white hair and glasses delivering a speech standing next to a podium
F&Iby Lauren LawrenceAugust 31, 2026

Targeted Training Drives Results

Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.

Read More →
Ad Loading...
Man's hand holding pen over a paper document
F&Iby Justin B. GasmanAugust 20, 2026

Double the Change, Double the Chance

When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.

Read More →
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 →
Ad Loading...
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 →
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 →
Ad Loading...
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 →