Lease credit approvals reached 71.3% in August; Up from 70.0% in July.
Lease credit approvals reached 72.9% in March; Up slightly from 70.8% in February.
Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.
September’s rate was recorded after August’s 68.3% approval rate. The car leasing marketplace attributed September’s rate to the effects of hurricanes Harvey and Irma.
So far in 2014, the credit approval rate is clocking in at 68.3%, close to the level Swapalease.com considers “healthy” at 70%.
According to Swapalease.com, lease approvals are following similar patterns as the broader consumer credit trends, falling from 73.3% in December to 70.5% in January.
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.
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