Lease Approvals Rise

By Staff Writer August 19, 2019

Swapalease.com, a car lease marketplace, reports car lease credit applicants registered a 69.1 percent approval rate in July, a rise from the June rate of 65 percent. July experienced a strong number of applicants with qualifications for taking over another person’s lease, and a slight approval rating increase following a dip in approvals for June.

Lease approval ratings have seen some slight fluctuations since January. The average approval rating since January registered at 68.9 percent, just slightly below the historical “normal” average of 70 percent. The strong number of applicants perhaps was reflective of the recent strength in consumer confidence reported by The Conference Board.

“We expect to see an increase in applicants looking to take over another person’s lease in the upcoming months as uncertainty surrounding a potential economic slowdown sets in,” said Scot Hall, executive vice president of Swapalease.com.

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Last modified on Thursday, 22 August 2019 15:12