Tagged Leasing

Leasing Down Through First Half of 2017

Through the first half of this year, 2.1 million vehicles have been leased, a 4.4% decline from a year ago and the first time in four years that leasing has seen a year-over-year decline, according to the latest Edmunds Lease Market Report.

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Lease Prices Remain Stable in July

The average monthly payment for a leased vehicle in July has remained essentially flat from the previous month when the average monthly payment was approximately $340, according to online lease deal marketplace Wantalease.com.

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Lease Activity Flattens Out in 2017

Auto lease activity remained essentially flat, compared to the previous several quarters, according to Swapalease.com, an online marketplace that allows consumers to transfer their lease contracts with other interested individuals.

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Lease Credit Approvals Jump 33.3% in February

Car lease credit applicants registered a 72.2% approval rate in February, a 33.3% increase from January’s 50% approval rate but flat with a year ago, according to Swapalease.com.

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Mitsubishi Mirage Tops Cheapest Cars to Lease List

The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.

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Used Car Market Bracing for Off-Lease Tidal Wave

A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.

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Black Book Offers Leasing Resource

Black Book released a white paper designed to help remarketers and auto lenders identify when and where used leasing makes sense for a portfolio.

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Car-Buying Startup Launches Used Car Leasing Option

Beepi, a car-buying startup, announced that it will be adding a leasing option for its used-car buying service.

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Lease Credit Approvals Dip in March

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit approvals are lower again after a hike in February levels. Auto lease credit approvals for the month of March finished at 66.7%, down from the February mark of 70%.

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Thermo Fisher Realizes Premium in 2011 From Short-Cycling Leased Vehicles

WALTHAM, MA – Due to a strong residual market in 2011, Thermofisher’s Global Sr. Category Leader for Fleet & Indirect Services, Rick Odell, C.P.M., told Automotive Fleet that his group was able to short-cycle 350 leases in 2011, generating a 10- to 20-percent premium over the expected residual values.

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