Independent Inspection Reports to Facilitate
Lease Swapping
COLUMBUS, OH -- (MARKET WIRE) -- 05/04/2004 -- Swapalease.com,
the largest automotive lease marketplace in the U.S.,
has selected SGS Automotive Services, the nation's largest
vehicle inspection company, to provide comprehensive
vehicle inspections for Swapalease customers nationwide
via the Internet.
"Providing a great lease deal to our customers
is just the beginning for our service model," said
Scot Hall, Director of Lease Operations at Swapalease.com.
"We are also committed to assuring that the vehicle
that someone is considering for a lease transfer is
accurately represented," he said. "SGS can
provide this information, through condition reports
and digital photographs that will benefit both the current
lease holder as well as the individual considering the
lease transfer."
Swapalease.com helps to connect consumers who want
to terminate their vehicle lease early to connect with
individuals interested in assuming a short-term lease
with no money down. The new role for SGS will be to
complete a comprehensive 150-point vehicle inspection
that will help to facilitate the lease transfer process
by providing a third-party vehicle assessment.
"Our inspection services are an ideal complement
for Swapalease.com," said Kurt Biggar, Vice President
of Sales and Marketing for SGS. "We have a field
force of more than 1,400 inspectors and support personnel
deployed nationwide, experienced in providing professional
condition reports for vehicles. These reports will play
an essential role in helping to move the lease transfer
process forward."
SGS Automotive Services provides more than 14 million
vehicle condition reports annually for the nation's
largest vehicle manufacturers and financial institutions,
inspecting new cars in transit and vehicles coming off
lease or exiting rental car fleets. These reports and
digital photography are used to facilitate the remarketing
of vehicles through the Internet to automotive dealers
nationwide.
SGS also provides its inspection services through eBay
Motors, providing objective reports for buyers and sellers
through eBay.
Founded in 1999, Swapalease is the largest lease marketplace
on the Internet. Swapalease serves all aspects of the
automotive leasing lifecycle including education, research,
pricing, acquisition and lease transfer. The privately-held
company has offices in Cincinnati and Columbus, Ohio.
For more information about Swapalease.com visit http://www.swapalease.com.
MEDIA CONTACT:
Pawan Murthy
Swapalease.com
513-381-0100
pawan@swapalease.com
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