Web site looks into reasons to transfer leases

Ever wonder why you see all these vehicles drive by your shop and some just never make it into your bays? While there are a variety of reasons, one could be the growing popularity of the lease.

Add to that the popularity of transfering leases, and you might see some more new vehilces driving by your shop more often. Swapalease.com recently unveiled its list of the Top Ten Lease Transfer Reasons.

The list was compiled using a two-tier approach based on Swapalease.com user feedback. Results data was obtained directly from users through the web site as well as through employee user interaction, Swapalease.com management notes.

The top 10 reasons are:
1. Financial concerns
2. Lifestyle changes
3. Want a new vehicle
4. Mileage concerns
5. No longer need vehicle
6. Gas prices
7. Family size
8. Dislike their present vehicle
9. Insurance costs
10. Maintenance costs

Perhaps not surprisingly, Swapalease.com employees routinely commented that gas prices is quickly moving up the ranks as a motivator for lessee's wishing to transfer. However, employees conceded that fuel costs are typically not the primary reason behind the decision to transfer. Michael Citron, a sales manager for Swapalease.com, says, "I've spoke to thousands of clients over the years at Swapalease and I have definitely noticed an increase in gas price talk over the last several months, but it is still not the key rationale given."

Financial concerns, the top response, incorporates a range of user feedback including, but not limited to mortgage related issues, loss of employment and general budgetary concerns. Lifestyle changes remain a strong motive, as well indicated by runner up status. The most prevalent example provided by Swapalease.com users is a growing family and the fact that their present vehicle will not be able to accommodate their needs in terms of people and gear hauling capacity. Interestingly, Swapalease.com clients citing that they simply want a new vehicle as a basis for transferring a lease landed the third position despite frequent media reports indicating economic slowdown and downturns.

For more information, visit www.swapalease.com.