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California invites Chevy Volt drivers into its carpool lanes

Car leasing customers who shop for the Chevrolet Volt usually say they are seeking outstanding fuel economy and vanishing tailpipe pollution from the electric compact car.

Customers got a new reason to sign a vehicle lease for a Volt last week when California announced that it would allow drivers of the low-emissions model - already standard in the state - to cruise solo in carpool lanes.

Regulators in Georgia, New York and Florida have also opened their carpool lanes to Volt drivers without passengers, but the rule could make its biggest impact in crowded California.

Commuters with access to the state's 1,400 miles of High Occupancy Vehicle (HOV) lanes save an estimated average 36 minutes a day - equivalent to one-third of their total driving time. Volt owners who want to claim one of the 40,000 Clean Air Stickers required for the lanes can download applications from the California DMV web site.

"The Volts with the Low Emissions Package are certain to be a strong draw for California commuters looking to travel the state's notoriously congested freeways in the carpool lane," said Chevrolet marketing vice president Chris Perry.

In a bid to encourage even more electric vehicle sales, California will also offer up to $1,500 in state rebates through the Low Emissions Package of its Clean Vehicle Rebate Project. The money is in addition to a federal tax credit of up to $7,500.

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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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