LeaseTrader.com Launches Lease Bailout Program
November 20, 2008
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MIAMI — With many struggling to make auto payments during a weak economy, LeaseTrader.com has introduced a Nationwide Car Lease Bailout Program.
Basically, this program allows lessees to exit contracts they can longer afford, which ultimately can prevent financial headaches for all parties involved.
The service works in conjunction with LeaseTrader.com's transfer program and provides priority vehicle listing options, special vehicle marketing choices, premium transfer concierge services and personal account representation on all lease transfers
Consumers can qualify for the Nationwide Car Lease Bailout Program if they lease a vehicle through such leading brands as General Motors, Ford, Toyota, BMW, Mercedes and more, officials noted.
"The average U.S. family's monthly car bill is typically the second largest expenditure behind their mortgage," stated Helen Simon, a finance professor at Florida International University. "This LeaseTrader.com program gives Americans the chance to drastically cut their monthly car payment and lower their bills during a time when we all face economic challenges."
According to LeaseTrader.com, the transfer process typically takes 2-3 weeks to complete. The site indicated that there are currently three times as many consumers looking to take over a lease versus those wishing to exit.
LeaseTrader.com's service costs $79 to list the vehicle, in addition to a $149 transfer fee.
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