SOURCE: Swapalease.com

Swapalease.com

December 08, 2015 10:34 ET

Men & Women Pay Different Prices for the Same Cars

According to Data Analyzed by Swapalease.com, Monthly Car Payments Vary Based on Car and Gender

CINCINNATI, OH--(Marketwired - December 08, 2015) - Swapalease.com, the nation's largest car lease marketplace, has new data that shows where men and women are paying different monthly car lease prices for the same exact model.

While conventional wisdom has often thought of women as having less negotiating power than men, a recent analysis of car lease payments shows women often have lower monthly payments on similar vehicles. Although monthly payments varied from vehicle to vehicle, women appear to be spending less each month on their cars.

Of the data analyzed, men paid more for select popular vehicles in the sedans segments such as the Toyota Corolla S and Camry LE, where men paid a surprising 17% more than women, and SUV's like the Ford Explorer XLT and the Chevy Equinox, where men paid 3% more than women.

Women, on average, pay 7% more for their luxury vehicles, such as the Lexus RX350 and the BMW 3 Series 335i.

To see more about which cars men and women paid more for click here.

"When it comes to car lease payments and price negotiation, most people probably think that men have the upper hand and ability to drive a lower price," said Scot Hall, Executive Vice President of Operations at Swapalease.com. "But according to data pulled from the Swapalease.com marketplace, women are actually getting the better deal on many of today's popular vehicles, lessening the gender gap in shopping for cars."

Men aren't just paying more for their cars each month but they are also offering more incentives to potential buyers. On average men are offering $446 dollars as incentives to buy their vehicle, that is 227% more money than women are offering up. Women are offering around $137 dollars as a lease incentive.

About Swapalease.com:

Headquartered in Cincinnati, Ohio, Swapalease.com is the world's largest automotive lease marketplace and the pioneer in facilitating lease transfers online. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

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