The vehicles with the largest increased monthly payment were the Nissan Sentra, Toyota Corolla, and Nissan Altima, which were 22.91%, 16.36%, and 15.13%, respectively.
Car lease credit applicants registered a 69.8% approval rate in September on Swapalease, a 3.9% drop from the previous month.
Residual values for three-year-old vehicles are flattening as a result of a record level of volume in the second quarter of 2018.
Lease credit approvals on Swapalease’s marketplace took a small dip in June, falling to 68.4%, the company noted in an announcement.
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