TOP-10 MOST POPULAR LEASE VEHICLES IN AMERICA
MIAMI – (July 22, 2008) – Consumers still see the value in leasing even as some companies like Chrysler are scaling back on leasing. The BMW 3 Series is in the top spot on the list of America’s most preferred leased vehicle according to LeaseTrader.com, a company that helps consumers with car lease transfers.
"The BMW 3 Series is one of those vehicles that is still attractive to a lot of people, even during a slow economy with high gas prices," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "It comes at an affordable monthly payment, BMW is extremely customer friendly, and people can get in and out of the lease on their terms providing for optimum flexibility."
This may not be good news to the legions of SUV owners who dread the next visit to the gas station. Many are caught between their fears of near $4 per gallon gasoline, and fears that the cost of exit will outweigh the benefits. Many finance experts caution it will take years to realize the gas cost savings when you calculate what it takes to get rid of your SUV and then shop for a more fuel-efficient vehicle.
Those that lease their SUV can avoid this messy situation. Even if you still have several months remaining on your SUV lease, nationwide programs are available that let you transfer ownership of your lease to someone else, essentially letting you walk away from your contract. Often, the price to walk away can be less than half of one car payment.
“Like the rest of the nation, the price of gas in Southern California has gotten to the point where consumers have to change their driving habits,” said Southern California resident, Jason Mehrvaz. “I used LeaseTrader.com to get out of my Land Rover lease and saved $24,000 in remaining payments. Also, I probably saved an additional $2,400 in gas since I doubled my MPG from the Land Rover to my current vehicle.”
For some, the cost of breaking an SUV lease can be as high as $10,000. “When you break your lease, you’re essentially paying out the balance of the remaining payments,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. SUV drivers can list their vehicle on the site for $79, find someone else to take over the remaining portion of the lease and transfer ownership for $149.
If you own one of the vehicles on LeaseTrader.com monthly Index of America’s most preferred vehicles for lease transfer you probably don’t have much to worry about. The Index is based on user activity on the Web site, which includes thousands of today’s vehicles in almost every brand, make and model.
LeaseTrader.com users have been drawn to the service because they can take over someone else’s leased vehicle, avoid paying a dealer down payment and have shorter lease terms.
Following are the top-ten most popular transferred lease vehicles in America during June, according to user activity on LeaseTrader.com:
1. BMW 3 Series
2. Mini Cooper
3. Mercedes C Class
4. Toyota Camry
5. Cadillac CTS
6. Mercedes SL Class
7. Land Rover LR3
8. Lexus IS 250
9. BMW X Series
10. Mercedes GL Class
For more information visit
www.leasetrader.com , or call 800-770-0207.
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