No Script Lease Approval Ratings Drop Slightly in August Following Increase in July



Lease Approval Ratings Drop Slightly in August Following Increase in July

Cincinnati, OH (September 19, 2019), the nation’s largest car lease marketplace, reports car lease credit applicants registered a 68.9% approval rate in August, a slight dip from the July rate of 69.1%.

August experienced a higher number of applicants with qualifications for taking over another person’s lease, as well as the highest number of applicants year-to-date. The month had a slightly lower approval rating than August of 2018, where 72.6% of applicants were approved.

Since January, the lease approval rate has continued to rise with only slight fluctuations. The average credit approval rating for the year to date registers at 69%. The slight dip in August can be attributed to a slightly higher number of applicants, which usually come with a higher volume of less-than-stellar credit to take over a lease.

“We have continued to see steady and healthy increases in approval ratings on throughout the year, said Scot Hall, Executive Vice President of “As prices on new vehicles rise, we will continue to see a growing number of shoppers looking for alternate channels such as the secondary lease transfer marketplace for their next vehicle.” matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has several thousands of cars and trucks available for transfer to anywhere in the continental U.S.