Credit Approvals Down at but Still Doing Very Well

Leasing - September 17, 2013 saw a slight drop off in year-to-date cred­it approval trends for August com­pared with July – 74.5%, down slight­ly from 75.6% in July. Cred­it is an impor­tant part of the car lease process, and each cus­tomer look­ing to take over a lease on must have equal or bet­ter cred­it stand­ing com­pared with the exist­ing lessee. “The August data con­tin­ue to show a strong lease approvals mar­ket,” said Scot Hall, Exec­u­tive Vice Pres­i­dent for “We believe the cus­tomer cred­it approvals rate will remain at or near cur­rent lev­els through the remain­der of 2013.”



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