The Numbers Look Good Lately for Transactions


Loans and leas­es are con­tin­u­ing to increase in the mar­ket as finan­cial insti­tu­tions become more flex­i­ble. Vehi­cle leas­ing is in a dif­fer­ent land­scape than oth­er loans, such as sub­prime. Late­ly, leas­ing has been see­ing some healthy indi­ca­tors. This year start­ed out with the strongest cred­it health since the reces­sion, accord­ing to cred­it approval rates from

Accord­ing to data, 77.3% of leas­ing cus­tomers were approved in April, up from 70% the pre­vi­ous month. Lenders must approve each indi­vid­ual look­ing to take over a lease on the mar­ket­place. Once approved, the incom­ing dri­ver com­pletes the remain­ing por­tion of the car lease con­tract.

“The auto­mo­tive indus­try has con­tin­ued to grow in 2013, with new sales expect­ed to be mar­gin­al­ly high­er than 2012 lev­els,” said Scot Hall, Exec­u­tive Vice Pres­i­dent of “Above this, key eco­nom­ic fac­tors such as con­tin­ued job growth, low gas prices and a heal­ing hous­ing mar­ket have all helped per­son­al cred­it lev­els, allow­ing more con­sumers with cred­it approvals.”



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