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January Buyer Searches on Swapalease.com Reveals Strong Interest in Toyota and Lexus Models Despite Recall Crisis

Media Contact:
Scot Hall
(513) 381-0100 x 1000

CINCINNATI, Feb. 9, 2010

Swapalease.com, the world’s largest auto lease marketplace, has released its list of the top vehicle searches for January 2010. Despite the recall crisis, Toyota and Lexus models fared well across the luxury sedan and crossover SUV categories respectively. In the SUV segment, GM’s Cadillac Escalade and Chevrolet Tahoe also saw a boost as consumers dig in for the last few months of winter weather this year.

Top 10 Import Vehicles in 2009

  1. BMW 3 Series
  2. BMW 5 Series
  3. Cadillac Escalade
  4. Chevrolet Tahoe
  5. Lexus RX 350
  6. Audi Q7
  7. Cadillac CTS
  8. Toyota Camry
  9. Lexus IS 250
  10. Lexus LS 460

"Increased demand in the end of 2009 reassured automakers that the economy is slowly recovering and people are slowly starting to return to leasing and making big purchase decisions," says Richard Joseph, co-founder of Swapalease.com. "Our web site data and our experience in the industry tell us that safety recalls and financial crises can and will be overcome."

Swapalease.com co-founders Ron and Richard Joseph created and patented the online lease transfer process in the late nineties to help consumers quickly and easily step into and out of car leases with no hassles. Since then, more than fifty thousand people have taken advantage of the program and were able to walk away from their car leases without paying penalties.

Buyer demand on the lease transfer Web site has surged in the past six months as still-skeptic consumers look to get into a short term lease with no money down and low payments. The shorter commitment is an attractive option for both single professionals and families alike during times of uncertainty.

"We've found that our customers like the idea of 'people helping people.' It's a true win-win, which is rare to find," adds Joseph.

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

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

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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