Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 68.8 percent approval rate in October, a modest dip from the September rate of 72.9 percent

When compared to October 2018, the number of lease approvals has decreased slightly from 70.9 percent. However, both October of 2018 and October of 2019 rates were an improvement, considering only 55.6 percent of applicants were approved in 2017.

The average credit approval rate for the last three months registers at 70.1 percent.  Strengthening credit profiles and positive consumer credit behavior could be the reason for a higher than usual credit approval average.  Swapalease.com predicts continued stability entering 2020 and remains optimistic that growth will continue throughout the first quarter of 2020.