SOURCE: LeaseTrader.com

December 16, 2008 13:15 ET

LeaseTrader.com Reports 13% Increase in Vehicle Takeovers for the Holidays

No Down Payment With Lease Takeover; Very Short Terms

MIAMI, FL--(Marketwire - December 16, 2008) - LeaseTrader.com, the nationwide online marketplace for car lease transfers, reports a 13 percent increase in holiday car shoppers using LeaseTrader.com's Lease Takeover Program in the 2008 holiday season compared to 2007. The increase reflects a resilient consumer willingness to shop for cars in today's economy, as well as people viewing LeaseTrader.com as an affordable way to get a car as a holiday gift.

Although the latest car sales figures continue to show a bleak outlook for manufacturers, along with the ongoing saga of possible bankruptcy for one or more of the U.S. companies, http://LeaseTrader.com activity shows that people are in fact shopping, and making decisions to get a different vehicle. And with the bleak retail sales forecast for this holiday shopping season, many LeaseTrader.com customers are taking advantage of the Lease Takeover Program to shop for a car as a gift for someone.

"Many of our customers are thrilled to know they can go car shopping during the holidays and benefit from our Lease Takeover Program since they save so much money," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "As in years past, lots of people want to get their spouse or family member a car for a gift, and this year they can do so without hurting their wallet since there's no down payment involved in the program."

People interested in the Lease Takeover Program can browse the LeaseTrader.com site for free to view the thousands of vehicles available. Once consumers are ready to inquire directly about vehicles from leaseholders, they simply sign up for a 60-day membership and credit verification for just $39. At the time of transfer they pay just $149 to have the lease placed in their name. LeaseTrader.com's transfer department makes it super easy since an account representative is available to walk each customer through the transfer process.

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, or call 800-770-0207.