Swapalease Launches Used Lease Swap

By Staff Writer April 12, 2021

Swapalease.com, a national car lease marketplace, has launched a Used Lease Swap program that makes it easier for drivers of used leases to exit their lease contract by finding someone else to take over the remaining portion of the lease. 

Demand for used and certified pre-owned vehicles are increasingly in more demand as the industry continues to struggle with supply of new cars and trucks due to the semiconductor chip shortage. Manufacturers are also looking to cater to consumer demand, which is constantly interested in a monthly payment-centric method of shopping for a vehicle. As such, several manufacturers over the last few months have begun testing pilot programs for leasing used and certified pre-owned cars and trucks. 

Swapalease.com’s Used Lease Swap program works similar to its initial swap program for original lease contracts. A person lists their lease on the website and finds a match for a second individual who agrees to take over the unused portion of the lease contract.

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Last modified on Tuesday, 13 April 2021 13:18