LeaseTrader.com Sees Higher Percentage of Customers Seeking Lease Escapes
MIAMI — Apparently, more consumers are looking to escape their leases to take advantage of the strong incentive deals now available in the market, according to LeaseTrader.com.
Drivers who entered leases after the credit collapse generally signed up for contracts that didn't include much in the way of incentives or aggressive pricing, officials pointed out.
Now that better lease deals are available, LeaseTrader.com indicates that more consumers are looking to escape their lease contracts in favor of getting a new vehicle.
Since the start of 2010, LeaseTrader reported it has tracked a 14.8-percent increase in the number of customers seeking to get out of leases.
"There is growing confidence in the overall leasing marketplace, which is fueling much more activity for consumers looking to lease," explained Sergio Stiberman, chief executive officer and founder of LeaseTrader.com.