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Swapalease.com Applauds GM’s 60-Day Guarantee; Offers Leasing Tips

CINCINNATI, Ohio Sept. 28, 2009

Both consumers and industry insiders alike have been abuzz about the new GM 60-day money-back guarantee in which consumers will be able to return their cars to the dealership for a refund within 31-60 days of purchasing them.

"Swapalease.com applauds GM for taking this extra step to show consumers they believe so strongly in the quality of their product," says Scot Hall, EVP of Operations for Swapalease.com, the world's largest automotive lease marketplace.

Of course, today's savvy consumers may be concerned with the fine print of the program. While the offer does not apply to leased GM vehicles, consumers need not worry. A program offered by Swapalease.com covers these leased vehicles.

"Swapalease.com is pleased to be able to help those with GM leases to take advantage of a risk-free guarantee through our lease transfer marketplace,” says Hall. “Whether it’s a lease or a loan, a GM vehicle or not, we have options for you."

The most common reasons consumers say they want to get out of a leased car early include financial concerns and lifestyle changes (such as a growing family), according to Swapalease.com user data. Some people simply like to change vehicles often, and lease transfers allow them to do this cost effectively.

A lease transfer has become an even more attractive option in the recession because people are able to pick up a short term car lease and not be tied down to a long term financial commitment while the job and housing market remain shaky.

"Consumers may change their mind about their cars for various reasons at different points of time during their lease," adds Hall. "Our web site offers the opportunity to get out of a car lease early without the penalties associated with early termination. This is our own satisfaction guarantee, and it is good on most any make or model."

For more information about lease transfers, visit www.swapalease.com or call (866) 792-7669.

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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