{"id":457724,"date":"2021-03-15T09:47:39","date_gmt":"2021-03-15T13:47:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457724"},"modified":"2021-03-15T09:47:39","modified_gmt":"2021-03-15T13:47:39","slug":"swapalease-com-releases-latest-figures-on-lease-credit-approvals-showing-slight-increase-for-february","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/swapalease-com-releases-latest-figures-on-lease-credit-approvals-showing-slight-increase-for-february\/","title":{"rendered":"Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing Slight Increase for February"},"content":{"rendered":"<h2>\nLease Credit Approvals Reached 70.8% in February; Up Slightly from 68% in January<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">CINCINNATI, Ohio, March  15, 2021  (GLOBE NEWSWIRE) &#8212; Swapalease.com, the nation\u2019s largest car lease marketplace, reports car lease credit applicants registered a 70.8% approval rate in February. The approval rate is a slight increase from the 68.3% approval mark that opened up the new year in January.<\/p>\n<p>The February number is just off slightly from the same time last year, when the approval rate was at 72.3% right before the beginning of the pandemic. The steady numbers indicate consumer credit levels are also holding steady, perhaps as a continued sign of the ongoing stimulus relief provided by the government.<\/p>\n<p>According to recent Federal Reserve data, consumer borrowing decelerated again in January, which may suggest that Americans are using the latest stimulus checks to pay down debt. Total consumer credit decreased $1.3 billion In January, the Fed said. That\u2019s an annual decline at a 0.4% rate and follows a 2.5% gain in the prior month.<\/p>\n<p>Swapalease.com believes many of its site visitors and vehicle shoppers have solid credentials available to take over a person\u2019s vehicle lease. The inclination to have more flexibility through leasing amidst economic uncertainly may contribute to a rise in shoppers who are looking to lease vehicles through the secondary market, where lease payments are more attractive than what is currently offered at the dealership.<\/p>\n<p>\u201cGiven that the year has started out with credit-stability figures that were maintained throughout the third and fourth quarters, we believe in the short term this stability will continue,\u201d said Scot Hall, Executive Vice President of Swapalease.com. \u201cThe latest and recently signed stimulus package, combined with the accelerated momentum we\u2019re seeing with vaccine rollouts should further strengthen the outlook for credit in the months ahead.\u201d<\/p>\n<p>Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease. The marketplace has thousands of cars and trucks available for transfer to anywhere in the continental U.S.<\/p>\n<p align=\"justify\">\n        <strong>About Swapalease.com: <\/strong>\n      <\/p>\n<p align=\"justify\">Headquartered in Cincinnati, Ohio, Swapalease.com is the world\u2019s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com\u2019s safe online system to contact the prospective seller and close the deal. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.<\/p>\n<p>Press Contact:\u00a0\u00a0<br \/>Sarah Caro<br \/>Merit Mile\u00a0\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3HLAP3iya9pvXnKKe1OJnlICPhhfXzkZfHotnIkXC47kfY48pBrwVn2cHNm3PtVuEGPWa6Q4v0BxsFZn2McNQ76k46QMXTymcx8lEbYXr7s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">SCaro@meritmile.com<\/a> \u00a0<br \/>O \u2013 561-362-8888\u00a0\u00a0<br \/>C \u2013 863-599-0109<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDE0NyM0MDY0MzY4IzIwOTUyMzY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/95619768-8b2e-429c-bb5d-517710d38f34\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lease Credit Approvals Reached 70.8% in February; Up Slightly from 68% in January CINCINNATI, Ohio, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Swapalease.com, the nation\u2019s largest car lease marketplace, reports car lease credit applicants registered a 70.8% approval rate in February. The approval rate is a slight increase from the 68.3% approval mark that opened up the new year in January. The February number is just off slightly from the same time last year, when the approval rate was at 72.3% right before the beginning of the pandemic. The steady numbers indicate consumer credit levels are also holding steady, perhaps as a continued sign of the ongoing stimulus relief provided by the government. According to recent Federal Reserve data, consumer borrowing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/swapalease-com-releases-latest-figures-on-lease-credit-approvals-showing-slight-increase-for-february\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing Slight Increase for February&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457724","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing Slight Increase for February - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/swapalease-com-releases-latest-figures-on-lease-credit-approvals-showing-slight-increase-for-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing Slight Increase for February - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lease Credit Approvals Reached 70.8% in February; Up Slightly from 68% in January CINCINNATI, Ohio, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Swapalease.com, the nation\u2019s largest car lease marketplace, reports car lease credit applicants registered a 70.8% approval rate in February. The approval rate is a slight increase from the 68.3% approval mark that opened up the new year in January. The February number is just off slightly from the same time last year, when the approval rate was at 72.3% right before the beginning of the pandemic. The steady numbers indicate consumer credit levels are also holding steady, perhaps as a continued sign of the ongoing stimulus relief provided by the government. 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The approval rate is a slight increase from the 68.3% approval mark that opened up the new year in January. The February number is just off slightly from the same time last year, when the approval rate was at 72.3% right before the beginning of the pandemic. The steady numbers indicate consumer credit levels are also holding steady, perhaps as a continued sign of the ongoing stimulus relief provided by the government. 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