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Swapalease.com Site Traffic Up 200% in Top Markets in June 2009 from Last Year; Buyer Searches Strong

CINCINNATI, Ohio July 27, 2009

Swapalease.com, the world’s largest auto lease marketplace, is reporting a 203% increase in site traffic from Los Angeles and a 171% increase in site traffic from New York City in June 2009 compared to June of last year. Overall site visits also increased from June 2008 to June 2009.

Top vehicle searches have increased since June of 2008, as well, including searches for most BMW models. The BMW 3 Series, 5 Series and 7 Series models in particular have maintained top five spots in the search lists both years.

June 2009 Top Vehicle Searches

  1. BMW 3 Series
  2. BMW 5 Series
  3. Mercedes-Benz E Class
  4. BMW X5 Series
  5. BMW 7 Series
  6. Cadillac CTS
  7. BMW M3
  8. Porsche 911
  9. BMW 6 Series
  10. Mercedes-Benz C Class

June 2008 Top Vehicle Searches

  1. BMW 3 Series
  2. Mercedes-Benz E Class
  3. BMW 5 Series
  4. GMC Sierra C/K 1500 Pick up
  5. BMW 7 Series
  6. Ford Escape
  7. BMW X5 Series
  8. Porsche 911
  9. BMW 6 Series
  10. Ford F150 Pickup

Swapalease.com officials attribute the increase in traffic to a number of factors including job loss and the economy, greater awareness about lease transfers as an option, and a greater number of vehicle leases available for transfer in the Swapalease.com online marketplace.

Pioneered in the late 1990s, Swapalease.com’s patented process helps consumers get into and out of car leases online. The company works closely with major leasing companies to ensure that consumers have a safe and fun experience using the service.

"We attribute much of our success over the past ten years to our repeat customers and word-of-mouth referrals," says Scot Hall, EVP of Operations for Swapalease.com. "Our customers come back again for a second or third vehicle and let their friends know when they’ve had a good experience. Our goal is to continue to exceed the expectations of our customers for years to come."

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

The leader in lease transfers and lease assumptions. Swapalease 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 is the lease trade leader, the largest lease trader, and the pioneer in the lease transfer and lease assumption business. Swapalease 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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