Leasing Credit Approval Grows, as Does Role of Leasing

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Swapalease.com - August 14, 2013

Leas­ing con­tin­ues to grow and is expect­ed to influ­ence used vehi­cle val­ues in the months ahead. Swapalease.com just report­ed con­tin­ued growth in leas­ing this year through increas­es in cus­tomer cred­it approval on lease trans­ac­tions through the end of July. Total year-to-date cred­it approvals were 75.6% through July, up from 73.9% through the end of June and the high­est cumu­la­tive aver­age record­ed so far this year, based on Swapalease.com’s research.

His­tor­i­cal data show that 70% approval is con­sid­ered healthy for the online car lease mar­ket­place, which match­es a per­son look­ing to exist a vehi­cle with a car shop­per look­ing to take over a short-term lease, accord­ing to Swapalease.com.

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