SOURCE: LeaseTrader.com

LeaseTrader.com

October 28, 2009 14:24 ET

LeaseTrader.com Now Offers Auto Lease Posting Free of Charge

Vehicles Needed to Satisfy Growing Buyer Demand to Take Over Car Leases

MIAMI, FL--(Marketwire - October 28, 2009) - Due to overwhelming demand, LeaseTrader.com customers may now post an auto lease to its online lease swap marketplace free of the advertising listing fees. Drivers wanting out of their auto lease contract can escape by posting the vehicle on LeaseTrader.com for free, giving them a chance to transfer the remaining contract to a credit-qualified individual.

The majority of people leasing a vehicle would like out of their contract early because of a variety of life situation changes. Expensive early termination fees make it nearly impossible for drivers to escape their lease without harm to their credit. LeaseTrader.com allows people to transfer out of their lease contract without tarnishing their credit situation, and now drivers can post their vehicle on LeaseTrader.com with no advertising list fees.

"Our growing buyer waiting list for vehicles makes it possible for us to pass on this tremendous cost savings to the millions of leasing drivers interested in getting out from under a contract that no longer works for them," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "We have four times as many buyers compared to sellers in our marketplace, so we want to make it even more appealing for people to post their car leases and exercise their option to escape their contract."

Interested drivers may post their vehicle for free on the LeaseTrader.com lease swap marketplace, including photos of their vehicle. When a credit-qualified individual is interested in adopting the remaining portion of the contract, a LeaseTrader.com transfer specialist will facilitate the transaction with the lease company. The sum of the remaining balance on a lease contract is what comprises the early lease termination. This fee can be avoided when the vehicle is transferred to an individual looking for a short-term lease, resulting in a win-win situation for both parties.

About LeaseTrader.com

LeaseTrader.com easily and affordably matches car shoppers with individuals looking to escape their auto lease. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leaseTrader.com, on Twitter @Lease_Trader, or call 800-770-0207.