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2013 Malibu ECO will be the most efficient Chevy sedan yet

With gasoline prices spiraling to new highs, automakers saw brisk vehicle lease business for their small, lightweight vehicles as the American economy continued its recovery during the first quarter.

Now General Motors is hoping to capitalize on that trend with the most efficient model yet of its popular Chevrolet Malibu.

The 2013 Malibu ECO will be the most fuel-efficient midsize sedan in Chevrolet's 100-year history, boasting an estimated 26 miles per gallon in city driving and 38 mpg on the highway.

GM engineers managed the trick by equipping the car with eAssist "light electrification" technology. That system makes the ECO a partial hybrid, using a small lithium-ion battery that assists the engine when needed and is recharged through regenerative braking. They also added start-stop functionality to save fuel by  switching the engine off at stop signs and red lights, and automatically restarting it when the driver touches the accelerator.

"The Malibu ECO is a smart choice for customers who want excellent fuel economy without the price premium of popular hybrid sedans," Rick Scheidt, the vice president of Chevrolet marketing, said in a release. "The Malibu ECO's 38-mpg highway estimate is comparable with those hybrids."

American Chevrolet dealers will begin offering lease specials on the ECO in early 2012, about six months before stocking traditionally-powered Malibu models such as the LS, LT and LTZ.

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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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