LeaseTrader.com News

March Top 10 LeaseTrader Index

Thu, 10 Apr 2008 17:31:42 GMT

For Immediate Release

LEASETRADER.COM RELEASES ITS TOP-10 INDEX FOR MARCH

Index Monitors Most Popular Lease Vehicles in America

The following news announcement was also posted on www.LeaseTrader.com.

MIAMI – (April 10, 2008) – LeaseTrader.com, the company that helps consumers with car lease transfers, announces its monthly Index for March, with the BMW 3 Series again topping the list of America’s most preferred leased vehicle.

The BMW 3 Series continues to top the LeaseTrader.com Index mostly because of its combination of performance, price and affordability. Although the country is in a slowing economic period, Americans that lease vehicles refuse to give up a luxury driving experience. At the same time, the BMW 3 Series is offered at a price point that is mostly budget-friendly compared to many other choices for luxury vehicles today.

“Although you hear daily stories of the rising cost of driving in America, the majority of consumers just aren’t ready to give up on luxury,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “The BMW 3 Series, combined with its excellent customer service experience, is simply the best car offered today that gives people what they want, at a price they’re willing to pay.”

LeaseTrader.com publishes a monthly Index of America’s most preferred vehicles for lease transfer. The Index is based off user activity on the Web site, which includes thousands of today’s vehicles in almost every brand, make and model. LeaseTrader.com users enjoy taking over someone else’s leased vehicle because they avoid paying a dealer down payment and have shorter lease terms.

Following are the top-ten most popular transferred lease vehicles in America during March, according to user activity on LeaseTrader.com:

1. BMW 3 Series

2. Cadillac CTS

3. Mercedes C Class

4. Lexus IS 250

5. Mercedes E350

6. BMW X Series

7. Land Rover Sport

8. Cadillac Escalade

9. Ford Mustang

10. BMW 7 Series

About LeaseTrader.com

LeaseTrader.com is an innovative provider of auto lease transfers that easily and affordably matches people looking to transfer car leases. Available to users nationwide, the service helps to match individuals looking to get out of their Car Lease early, with people looking for short-term leases. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leasetrader.com, or call 800-770-0207.

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This news announcement posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com.

Seven Year Finance Terms

Tue, 01 Apr 2008 23:23:56 GMT

The following news announcement was also posted online at www.leasetrader.com.

For Immediate Release

SEVEN-YEAR FINANCE TERMS HURT CAR SHOPPERS

Today’s Economy Makes It Difficult to Project Your Long-Term Financial Situation

MIAMI – (April 1, 2008) – Popular car manufacturers and dealers are now offering 84-month financing on some auto loans. With the current consumer credit situation, this loan program can place anyone into a severe negative equity position for a long time.

Consumers that agree to these terms will pay for their car for seven years. Similar to the problems plaguing the current housing situation, these loans could damage both consumers and banks that participate in the lending. At 84-month terms, a $20,000 car will cost an additional $5,335 in interest alone – roughly a quarter of the entire car’s price.

“In today’s economy, people are finding it harder to project their financial situation over a longer period of time,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “It’s much easier to calculate and project your financial situation for the next couple of years than an 84-month period. And with all the uncertainty in today’s economy, it’s very unsettling to assume your financial picture six or seven years from today.”

LeaseTrader.com helps people take over short-term car leases by matching them with another individual wanting out of their existing car lease. “You’re picking up where the last person left off,” added Stiberman. “So if person A only drives their Car Lease for two of the three year lease contract, you’re only picking up the remaining year of the lease.”

Vehicle leases on LeaseTrader.com typically average between 10 – 18 months remaining. In addition to the significantly shorter financial commitment, car shoppers don’t have to pay a down payment on the car when they take over a lease.

Free to browse the site, LeaseTrader.com shoppers pay just $39 for credit verification, followed by a $149 fee to transfer ownership into your name.

About LeaseTrader.com

LeaseTrader.com facilitates automobile lease transfers and easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. Visit www.leasetrader.com, or call 800-770-0207.

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Auto Repossession On The Rise

Tue, 26 Feb 2008 19:14:57 GMT

For Immediate Release

lease transfer SERVICE HELPS CONSUMERS AVOID AUTO REPOSSESSION

Slowing Economy & Job Growth Prove Difficult for Drivers

MIAMI – (February 26, 2008) – With the economy slowing, people are increasingly late on their credit payments, including auto loans. Now that consumers have to pay down debt without tapping extra lines of credit, many are finding it difficult to stay current on vehicle payments.

LeaseTrader.com helps by finding someone else to assume your Car Lease - a great option for drivers who no longer can afford their leased vehicle. Rather than pay the exorbitant early termination fees, or worse, face repossession from the bank, lessees can simply get out of their contract altogether and walk away from their payments.

People who can’t afford their car payment because of too much debt are not able to pay out the remaining terms of the lease – a figure that can be $10,000 or more. What’s worse, a repossession mark on your credit score can be seriously damaging for any future possibilities of securing new credit, applying for a mortgage or apartment, or even financing your next car.

"The ramifications of a negative credit report can reach far into areas of one’s life that may not be presently apparent,” said Dr. Helen K. Simon, finance professor at Florida International University. “Obviously, future purchases of the necessities of life, like homes and cars, become more difficult, more costly, and often impossible.”

“The most important thing a consumer must focus on in this economic situation is protecting your credit,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “With an average transfer now taking just three weeks, the easiest and most affordable way to keep the bank from repossession is to transfer your lease contract to someone else.”

The Washington Post recently reported that the number of repossessions soared last year by 10 percent and is expected to rise by the same amount this year, according to Thomas Webb of car auction firm, Manheim.

Consumers interested in LeaseTrader.com’s program pay just $79 to list their vehicle online, followed by a $149 fee once the transfer process begins.

About LeaseTrader.com

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January LeaseTrader.com Index

Mon, 11 Feb 2008 20:39:32 GMT

BMW 3 SERIES TOPS JANUARY LEASETRADER.COM INDEX

Index Monitors Most Popular Lease Vehicles in America

The following news announcement was also posted online at www.leasetrader.com.

MIAMI – (February 11, 2008) – LeaseTrader.com, the company that helps consumers with car lease transfers, announces its monthly Index for January, with the BMW 3 Series topping the list of America’s most preferred leased vehicle for the third straight month.

The BMW 3 Series offers excellent luxury and space while delivering a quiet and comfortable driving experience. The car is among BMW’s best all-time selling models because of its combination of power, agility, luxury and high performance. Starting with the 3 Series, BMW continues to set the standard for upscale high performance luxury vehicles catering to people who think driving should be an exciting experience.

“The BMW 3 Series continues to be the most popular car on our site because it’s a marriage of both luxury and affordability,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “Despite the slowing economy, people still want to enjoy a trendy car with great performance. And the BMW 3 Series delivers at a price point that is very budget-friendly.”

Following are the top-ten most popular transferred lease vehicles in America during January, according to user activity on LeaseTrader.com:

1. BMW 3 Series

2. Mercedes C Class

3. BMW X Series

4. Land Rover Sport

5. Cadillac Escalade

6. Cadillac CTS

7. BMW 5 Series

8. Mercedes SL Class

9. Mercedes E350

10. Mercedes S550

About LeaseTrader.com

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Finding Love on Valentine's Day

Fri, 08 Feb 2008 22:22:48 GMT

The following news was also posted online at www.leasetrader.com.

FIND YOUR MATCH THIS VALENTINE’S DAY ON LEASETRADER.COM

Fall In Love with Your Next Car without Breaking the Bank

MIAMI – (February 8, 2008) – People all over the country are finding it easier to fall in love with their next car by taking over someone else’s short-term lease through Leasetrader.com. Easy to use, you simply browse through listings of your favorite model and find the right car that fits your driving needs.

LeaseTrader.com then plays cupid to match you with someone else wanting out of the Car Lease. You avoid paying the down payment and only drive the vehicle for whatever time remains on the lease. The original lessee wants out of the lease because the car no longer fits their driving needs. LeaseTrader.com helps them avoid expensive early termination fees.

“Finding the right car at the right price is almost as difficult as finding the love of your life,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “And in today’s difficult economy, people don’t want to get tied into a lengthy lease contract that will end up hurting them financially. With LeaseTrader.com, you can find the right car for you and drive away with much shorter lease terms since you’re picking up where the last person left off.”

When getting a new car, you often have to pay a $2,000 down payment on average. Taking over an existing leased vehicle doesn’t require a down payment since the previous lessee has already paid this fee. What’s more, you’re only taking over the remaining terms of the lease, meaning you won’t be strapped into a 48-month lease contract – the average term of a new Car Lease today.

It’s completely free to browse the listings on LeaseTrader.com. Once you’re ready to start contacting sellers you pay a membership fee of $39 that includes credit verification, followed by a $149 transfer fee once the transfer begins. The entire process takes just a few weeks.

About LeaseTrader.com

LeaseTrader.com is an innovative provider of automobile lease transfers that easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. Visit www.leasetrader.com, or call 800-770-0207.

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BMW 3 Series Tops December LeaseTrader.com Index

Tue, 15 Jan 2008 22:12:56 GMT

The following news was posted online at www.leasetrader.com.

BMW 3 SERIES TOPS DECEMBER LEASETRADER.COM INDEX

Index Monitors Most Popular Lease Vehicles in America

MIAMI – (January 15, 2008) – LeaseTrader.com, the company that helps consumers facilitate car lease transfers, announces its monthly Index for December, with the BMW 3 Series topping the list of America’s most preferred leased vehicle for the second straight month.

“The North American International Auto Show is currently the place where manufacturers are showcasing all the latest and greatest cars,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “Despite all the hot new styles, the BMW 3 Series remains the most popular vehicle for those who want to lease an affordable car with great style and performance.”

Following are the top-ten most popular transferred lease vehicles in America during December, according to user activity on LeaseTrader.com:

1. BMW 3 Series

2. Mercedes C Class

3. BMW 5 Series

4. Land Rover Sport

5. Mercedes E Class

6. BMW X Class

7. Infiniti G35

8. Lexus IS 250

9. BMW 650i Convertible

10. GMC Yukon Denali

About LeaseTrader.com

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New Way To Shop For Car

Tue, 08 Jan 2008 00:01:42 GMT

For Immediate Release

TAKING OVER A Car Lease IS NEW, AFFORDABLE WAY TO SHOP FOR CAR

One Customer Paid $600 Total for a 6-Month mercedes lease

MIAMI – January 7, 2008 – Still a hidden secret to millions, car shoppers can find incredible savings on vehicles available through lease transfer. Thousands of leased cars with pre-paid mileage or “equity” are often made available because the original lessee needs a way out of the lease early.

At the time of purchase, the lessee will often prepay for mileage on the leased car, or make a significant down payment resulting in a lower monthly payment. For a variety of reasons, the original lessee often needs to escape that lease contract early.

“Some people have a new baby on the way and need a bigger car, while others transfer jobs or go through income changes,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “Either way, there are hundreds of reasons why people get out of their lease early, leaving a great financial situation for whoever takes over the remaining portion of the lease.”

Cars available for lease transfer have typically only been driven for 10-18 months, leaving them in great condition for a person taking it over. Additionally, your cost of entry is far lower than someone buying or leasing a new car since the dealer down payment has already been paid.

One Arlington, Texas, man took over the remaining six-month portion of a Mercedes CLK lease for just $600 after mileage rebate. The original lessee paid the down payment and pre-paid for mileage that went unused. When the car is turned in, a mileage rebate of $2,500 will be awarded to the new lease holder.

Taking over someone’s Car Lease through LeaseTrader.com is easy and affordable. It’s completely free to browse the listings on the site. Once you find a car you’d like to take over, you pay a membership fee of $39 for credit verification and to make contact with sellers, followed by a $149 transfer fee once the transfer begins. The entire process takes just a few weeks.

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November LeaseTrader Index

Tue, 18 Dec 2007 02:23:19 GMT

BMW 3 SERIES TOPS NOVEMBER LEASETRADER.COM INDEX

Index Monitors Most Popular Lease Vehicles in America

MIAMI – (December 17, 2007) – LeaseTrader.com, the company that helps consumers facilitate car lease transfers, announces its monthly Index for November, with the BMW 3 Series topping the list of America’s most preferred leased vehicle.

“The BMW 3-Series offers one of the most exhilarating driving experiences available, combined with excellent safety and reliability,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “BMW continues to remain one of the most popular brands on LeaseTrader.com because of its reputation for delivering high quality vehicles and excellent customer service levels.”

Following are the top-ten most popular transferred lease vehicles in America during November, according to user activity on LeaseTrader.com:

1. BMW 3 Series

2. Range Rover Sport

3. Mercedes C230

4. Mercedes GL 4500

5. BMW 5 Series

6. BMW X3

7. Lexus IS 250

8. Infiniti G35

9. Hummer H3

10. Mercedes E350

About LeaseTrader.com

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Holiday Regifting

Wed, 28 Nov 2007 19:35:27 GMT

THE ULTIMATE REGIFT FOR THE 2007 HOLIDAYS

LeaseTrader.com Says it’s OK To be a “ReGifter”

MIAMI – November 28, 2007 – This holiday season, everyone will be looking out for that one gift that always gets talked about. You know how to spot it and you can predict who it’s coming from. In years past, everything from a label maker to a golf tee personalizer was the obvious regift choice to a loved one.

This year, however, LeaseTrader.com thinks you should regift your car lease to someone.

LeaseTrader.com is the “give your Car Lease to someone else” company, helping lease holders find others to take over the remaining portion of their Car Lease contract. The original lease holder gets a fresh start without paying early lease termination penalties, and the new driver gets a still-new car with much shorter terms without paying a down payment.

“With LeaseTrader.com, you’re truly in a win-win situation by regifting your leased car to someone else,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “And with our full staff of lease transfer specialists, we can help you find someone else to take over your car in time for the holiday season.”

People all over the country want out of their car leases. Unwilling to spend thousands to break the lease early, they list their vehicles on LeaseTrader.com and look for people willing to take over the remaining portion of the lease.

With the holiday gift-giving season in full force, people can get out of their Car Lease contract and pay less than one car payment to do so. On the other hand, it’s a great way to receive a nice car as a gift without paying thousands of dollars in a down payment and also committing to a 48-month lease.

Each customer is assigned an account representative to walk them through the transfer process. Free to browse the site, it costs $79 to list your vehicle, and potential buyers pay $39 for a membership fee and credit verification. Both parties also pay a $149 transfer fee.

About LeaseTrader.com

LeaseTrader.com facilitates automobile lease transfers, and easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. For more information visit www.leasetrader.com, or call 800-770-0207.

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Best Financial Option When Car Shopping

Tue, 20 Nov 2007 19:06:19 GMT

TAKING OVER SOMEONE’S Car Lease IS BEST FINANCIAL OPTION WHEN CAR SHOPPING

Leases Are in Better Condition than Used Cars; Shorter Terms; No Down Payment

MIAMI – November 19, 2007 – The mortgage situation and higher fuel prices have prompted a slowdown in the American economy. Many economists believe these are two strong reasons why fewer Americans are buying cars. As such, taking over someone’s existing Car Lease is now the best option when shopping around for a car.

Despite the economy, people still want and need to shop for cars. Problem is, they’re hesitant about getting into a long-term payment obligation because of all their existing bills and financial uncertainty. LeaseTrader.com, the company that facilitates Car Lease transfers, offers the best alternative in helping people take over someone’s existing Car Lease.

“In uncertain economic times, people turn to short-term commitments with their finances,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “With LeaseTrader.com, people can take over an existing Car Lease and manage their finances more clearly because they can budget their monthly car payment for a much shorter time frame.”

When getting a new car, you often have to pay a $2,000 down payment on average. Taking over a leased vehicle doesn’t require a down payment since the previous lessee has already paid this fee. What’s more, you’re only taking over the remaining terms of the lease, meaning you won’t be strapped into a 48-month lease contract – the average term of a new Car Lease today.

“Using LeaseTrader.com is a good way to avoid paying a down payment at a dealer,” said Ken Perna, a New Jersey resident and car shopper. “Also, getting a leased car with only six months remaining gives me a lot of flexibility in determining my driving needs.”

LeaseTrader.com has a full staff to assist people in taking over someone’s lease. Each car shopper is assigned an account representative to walk them through the transfer process. It’s free to browse the site, $39 for a membership with credit verification, and $149 to take over someone’s car.

About LeaseTrader.com

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