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Swapalease.com Recognized for Second Year by the Business Courier: Still On the Fast Track Despite Credit Crisis, Auto Industry Woes

Media Contact:
Jennifer Streets
(513) 381-0100 x 1006
jstreets@swapalease.com

CINCINNATI, Dec. 21, 2009

Swapalease.com has been honored for the second year in a row as a finalist in the Business Courier of Cincinnati's Fast 55 Awards, reports Swapalease.com, the world’s largest auto lease marketplace.

The Cincinnati-based company was honored last week at a luncheon at the Northern Kentucky Convention Center along with 54 other award finalists. The companies were ranked based on their rate of revenue growth from 2007-2009.

"We have saved Americans millions of dollars over the last ten years and we are still just scratching the surface," says Ron Joseph, Jr., Co-founder of Swapalease.com. "Consumers in many cases have avoided repossession by transferring their lease to an eager buyer. Banks love this."

The founders of Swapalease.com saw a need for a secondary market for car leases. Before the creation of Swapalease.com, consumers had extremely limited choices if they wanted to get out of a car lease early. Swapalease.com used groundbreaking technology to create a patented process to get out of a lease online simply and cost-effectively.

The company looks forward to more growth in the future.

"It's an honor to be recognized in our community for the great work we’re doing all across North America to help consumers in need,” says Richard Joseph, President and Co-founder of Swapalease.com. "Our goal in 2010 is to continue to exceed expectations by providing innovative solutions for our loyal customers and continuing to foster strong relationships with leasing companies."

About Swapalease.com:
Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online using a patented process. First conceptualized in 1997, Swapalease.com has evolved into the leading automotive consumer online destination servicing all aspects of the automotive leasing lifecycle and provides programs (including new leases and for sale vehicles) for both consumers and dealers in the U.S. and Canada. The company is headquartered in Cincinnati, Ohio. For more information, call 866-SWAP-NOW 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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