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April Searches on Swapalease.com Reveal Strong Demand for GM Cars

CINCINNATI, Ohio May 12, 2009

GM vehicles are still in demand according to user data from Swapalease.com, the world’s largest auto lease marketplace. The company released its list of top vehicle searches for the month of April and reports that despite the automaker’s recent struggles, many of their models are still in high demand in the lease takeover marketplace.

German models also dominate the top vehicle search list in April after a strong showing for the entire first quarter of 2009. BMW takes the lead with five of the top ten most searched models on the list for April, while Mercedes-Benz and Porsche also have a strong showing.

  1. BMW 3 Series
  2. GMC Acadia
  3. BMW X5 Series
  4. Mercedes-Benz E Class
  5. BMW 7 Series
  6. BMW M3
  7. Porsche 911
  8. BMW 6 Series
  9. Mercedes-Benz S Class
  10. Cadillac Escalade

Searches for the GMC Acadia increased in April and searches for the Cadillac Escalade remained steady. Just outside of the top ten were the GMC Sierra C/K 1500 Pickup, Chevrolet Corvette and Tahoe and the Cadillac CTS. Since GMAC has temporarily exited the leasing business, the Swapalease marketplace is a great opportunity for consumers to get into a GM lease with no money down.

"This increase in demand means that many people are still looking to lease GM vehicles," says Scot Hall, EVP of Operations for Swapalease.com. "We provide a website with a terrific selection of leased GM vehicles, many with low payments and large incentives."

For about $100, consumers can list their in-process lease on Swapalease.com for thousands of interested buyers to see nationwide. Consumers can browse the online inventory for free and get into a new car with no money down and low payments.

To exit your lease early or for more information, call 866-SWAPNOW or visit www.swapalease.com.

About Swapalease.com:
Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. First conceptualized in 1997, Swapalease has evolved into a leading automotive consumer online destination servicing all aspects of the automotive leasing lifecycle including education, research, pricing, acquisition and lease transfer. For more information, please call 866-SWAPNOW (866-792-7669) or visit www.swapalease.com

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About Swapalease.com

The leader in lease transfers and lease assumptions. Swapalease.com can help you exit your vehicle lease early by marketing your car lease to lease buyers seeking a short term lease assumption or lease transfer. Buyers can assume or takeover a lease that fits their payment budget as well as choose a lease term that meets their needs. Swapalease.com is the lease trade leader, the largest lease trader, and the pioneer in the lease transfer and lease assumption business. Swapalease.com is your best option for both entering and exiting automotive leases cost effectively.

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Time Magazine

Websites like Swaplease.com have helped facilitate such transactions. You pay to dump a lease, but the price can be thousands less than you would owe if you turned the lease in early to a dealer. Meanwhile, buyers can pick up some sweet rides for hundreds less than their normal cost, with short-term contracts and no down payment.

USA Today

Consumers aren't limited to what's being offered on the auto lots. They can buy a car, or take over someone else's lease on Web sites like Swapalease.com, a popular site that act as matchmakers between buyers and sellers.

Wall Street Journal

Terminating a Car Lease

The problem:

Getting out of a cal lease early
The Solution:

Find someone to take over your lease through service such as Swapalease.com. The site charges a fee to post a listing, and say finding someone is easiest for leases with 24 months or less left.

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