SOURCE: LeaseTrader.com

LeaseTrader.com

January 05, 2010 14:54 ET

LeaseTrader.com's Auto Lease Transfers Taking Less Time to Process; Some Now Less Than a Week

New Services & Efficiencies Help LeaseTrader.com Expedite Car Lease Transfers

MIAMI, FL--(Marketwire - January 5, 2010) - LeaseTrader.com, the most popular online marketplace for car leasing, reports faster processing times for transferring a car lease between two individuals. The average car lease transfer via LeaseTrader.com today takes 13.4 days, a quicker pace compared with last year's recorded average of 26.2 days. Several lease companies like BMW are now completing LeaseTrader.com transfers in less than seven days.

Improved efficiencies between LeaseTrader.com's transfer department and the lease company's customer service divisions are a leading reason why the process has been significantly shortened over the years. An improved third-party vehicle inspection service, auto insurance and a new partnership with uShip.com also make it even easier to process cross-country transfers.

"Lease companies are realizing a bigger need to process transfers at a quicker pace to satisfy people in all kinds of changing automotive needs," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "Especially in today's economy where many people need a way out of a car lease they can't afford, it's good to know they now have a shorter time to get it processed by their leasing company."

LeaseTrader.com's increase in transfer efficiency can also be attributed to a growing number of customers signing up for the company's VIP Concierge program, which boasts advanced vehicle marketing, expedited inspection services, and platinum-level transportation quotes for car leases.

Leasing companies with faster transfer times also enjoy higher brand retention on LeaseTrader.com. BMW, Mercedes, and GMAC have all increased their time of transfer and each hold four of the top 10 positions on highest brand retention for LeaseTrader.com's customers.

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.