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Lease Credit Approval Rates Rise to 72.3% Entering March
Secondary Lease Approvals Dip Below 69% in August

Secondary Lease Approvals Dip Below 69% in August

Swapalease.com reports a high number of applicants and a slightly tighter credit market in August. A 68.9% approval rate fell short of July’s 69.1% and represented a 5.1% year-over-year decline.

September 19, 2019

Lease Swap Approval Rates Rise to 69.1% in July
Swapalease: Approvals Dip to 65% in June

Swapalease: Approvals Dip to 65% in June

Swapalease.com analysts say credit approvals declined after reaching 72.4% in May but report growing demand from consumers seeking lease contracts negotiated when incentives were stronger.

July 18, 2019

Swapalease: Lease Approval Rates Hit 72.4% in May

Swapalease: Lease Approval Rates Hit 72.4% in May

Credit approval rates on Swapalease.com’s online lease marketplace soared to their highest number yet for 2019 last month, registering a 6.2% year-over-year gain and a 33.6% improvement from May 2017.

June 19, 2019

Swapalease: Approval Rate Up 1.8% in April
Swapalease: March Approval Rates Exceed 70%
Swapalease: Q2 Dominated by SUVs, CUVs, Sports Cars

Swapalease: Lease Approval Rate Falls to Three-Year Low

Lease applicants registered a 48.1% approval rate, the lowest level since the car lease marketplace began tracking the stat in 2014. The firm explained that the rise in consumer interest for luxury SUVs is what’s driving the uptick in declines.

June 20, 2017

Swapalease: Lease Credit Approvals Strong Again in March

Despite rising incentives and an increase in the number of lease returns to dealerships, auto dealers continue to push lease deals. And according to the online lease marketplace, approval rates have hovered above 70% for two straight months so far in 2017.

April 12, 2017

Lease Credit Approvals Jump 33.3% in February

Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.

March 9, 2017

Consumers Hungry for Used Leases, Survey Says

A survey conducted by Swapalease.com found that both dealers and car buyers are interested in used-vehicle leasing. Top used vehicles consumers would like to lease include the Cadillac Escalade, CTS, and the Jeep Cherokee, while dealers would like to offer used leases on the Buick Regal, Cadillac CTS and Chevrolet Cruze.

May 31, 2016

Lease Deals Heat Up in May, Swapalease.com Reports

Swapalease.com reports that aggressive lease deals have continued in May, with 15 popular cars and trucks being offered in its new lease online marketplace for monthly payments of $200 or less leading into Memorial Day weekend.

May 21, 2015

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