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.
The lease approval rate jumped 31% from March to April, the highest since November 2014, Swapalease.com reports.
Swapalease.com released a new study that shows a majority of customers aren’t interested in car-sharing services or autonomous driving. What they do want is lenders bidding for their business.
Eighty-two percent of drivers across the U.S. would consider getting a used car or truck lease that was three years old, according to a survey by Swapalease.com.
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.
Holiday shopping trends help 2013 finish with healthy credit approvals, Swapalease.com reports.
According to Swapalease.com, slightly fewer approvals came through vs. the previous month and the overall strength on the year.
Prices on leases averaged $590.38 last month, up from $578.06 at the end of August 2012, according to data gathered by Swapalease.com.
A survey by Swapalease.com finds that more than 40 percent of potential car buyers plan to lease their next vehicle. That’s up from 29.6 percent from a year ago.
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