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DRIVERS FEAR LEASE MILES? NOT ACCORDING TO LATEST SURVEY
Swapalease.com Lists Top 10 Reasons Drivers Exit A Lease
CINCINNATI, OHIO (September 18, 2012)
Conventional wisdom says the vast majority of drivers believe mileage constraints to be the biggest drawback when leasing. However, a recent national leasing survey from Swapalease.com says not so. In fact, concerns about mileage ranked 7th out of 10 for today’s top reasons why people want out of their car lease.
Top 10 Reasons People Escape Their Leased Vehicle
| Reasons In 2012 | Reasons In 2008 |
| 1: No Longer Need Vehicle | 1: Financial Concerns |
| 2: Financial Concerns | 2: Lifestyle Changes |
| 3: Want A New Car | 3: Want A New Car |
| 4: Lifestyle Changes | 4: Mileage Concerns |
| 5: Dislike Present Vehicle | 5: No Longer Need Vehicle |
| 6: Family Size | 6: Gas Prices |
| 7: Mileage Concerns | 7: Family Size |
| 8: Gas Prices | 8: Dislike Present Vehicle |
| 9: Insurance Costs | 9: Insurance Costs |
| 10: Maintenance | 10: Maintenance |
Thousands of drivers across the country had the chance to rank the top reasons why they want out of a vehicle lease, and the top reasons saw a big shift compared to a similar survey in 2008. Swapalease.com processes thousands of requests each year from people looking to escape their current lease for a number of reasons.
The number one reason drivers want out of their lease today is that they no longer need their car (relocation, received company car, deceased family member). This replaces financial concerns, which was the top reason back in 2008 but slipped to 2nd on today’s list.
Fear of gas prices also scored surprisingly low on today’s list of concerns (8th). “In 2008 gas prices ranked 6th when the national average of gas was near $4 a gallon,” said Scot Hall, Executive Vice President of Swapalease.com. “We just saw a summer of repeated gas-price increases yet these price spikes do not seem to be negatively impacting people and their driving habits.”
Overall lifestyle changes (growing family, job status) ranked 4th in the most recent poll, compared to 2008 when it ranked 2nd on drivers’ list of concerns.
Possibly due to the rapidly improving features and in-vehicle technology found in cars from year to year, people listed ‘dislike present vehicle’ as the 5th most popular reason, up from 8th in 2008.
Visit the Swapalease.com blog to see the full results of today’s Top 10 Reasons why drivers want out of their lease.
www.swapalease.com is the first and only full-service online marketplace of in-process vehicle leases. With the goal of matching individuals who are currently leasing vehicles they wish to get out of, with individuals who are looking for short-term leases with attractive payments and no money down, it’s the perfect way to find the perfect vehicle for you.
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