Q-tips, Kleenex, Band-Aids…and Swapalease

With the global recession on everyone’s minds, the idea of "swapping" to save money is growing in popularity. Auto lease swaps, in particular, are on the rise all over the U.S., says Swapalease.com, the world’s largest auto lease marketplace. In fact, Swapalease.com has become so popular that the term "lease swap," which was branded by the company in the late nineties, has become synonymous with lease transfer.

Similar to Q-tips, Kleenex and Band-Aids, the genericized term "lease swap" demonstrates how successful Swapalease.com has become as others in the market and mainstream media often use it interchangeably with lease assumption or lease transfer.

Swapalease.com pioneered the facilitation of lease transfers online ten years ago and uses a patented process to help those looking to exit their car lease early find a qualified buyer to take over the remaining payments. Particularly with the state of the economy, where uncertainty is rampant, the company is seeing increased interest on both the buyer and seller sides of the lease swap transaction. Leasing companies and consumers alike are benefiting.

Lease swaps are a win-win-win solution for the buyer, seller and leasing company because everyone saves on their bottom line. This is the most cost effective option for those looking to get out of their lease without penalty and the consumer who assumes the lease gets low monthly payments and sometimes even a cash incentive upfront.

Swapalease.com officials note that almost anyone can ‘swap ‘til they drop’ on their site, even those who do not currently have a lease.