SOURCE: LeaseTrader.com

LeaseTrader.com

August 31, 2009 13:25 ET

LeaseTrader.com Reports 29% More Small Businesses Transferring Company Cars

Small Companies Cutting Staff Use Lease Transfer to Shed Unused Company Car Leases

MIAMI, FL--(Marketwire - August 31, 2009) - LeaseTrader.com, the most popular online marketplace for car lease transfers, reports an increase of 28 percent in the last six months for small business customers using the car lease transfer service to shed company car leases left unused due to small business downsizing and staff reductions.

The recession and slow recovery has left millions of Americans unemployed, many from small businesses forced to cut budgets, downsize staff and slash operating costs to survive. But owners of small outfits that lease company cars for tax purposes are left in a precarious position when car leases are stuck in park while the bank still requires monthly payments. More owners are using car lease transfer as a way to ditch the lease and remove the financial obligation from the books.

"For many smaller companies, survival in today's business climate requires a healthy balance sheet and the ability to escape unnecessary financial burdens without harm to credit," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "Companies with several company leases sitting unused in the parking lot can amount to tens of thousands in unnecessary payments, further deteriorating the balance sheet. Lease transfer offers the ability to shed those unused lease payments without destroying company or personal credit."

The LeaseTrader.com Small Business program allows owners to list a company car lease for just $79. LeaseTrader.com has a waiting list of people looking to take over these leases since it represents a cost-conscious way to shop for a vehicle. When the two parties are ready to make the transfer, a brokerage fee of $149 is collected. The small business owner simply hands over the keys and walks away from the contract with no harm to the credit status.

About LeaseTrader.com

LeaseTrader.com is the nation's leading authority on vehicle lease transfers. The company facilitates automobile lease transfers and easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. Visit http://leasetrader.com, or call 800-770-0207.