SOURCE: LeaseTrader.com

LeaseTrader.com

November 30, 2010 10:17 ET

The Big Red Bow Shoots for Big December but Many Just Want Out of the Red

LeaseTrader.com Anticipates More People Looking to Escape Leases This December

MIAMI, FL--(Marketwire - November 30, 2010) - Consumers have grown accustomed to seeing December holiday television ads where people give loved ones a car with a rig red bow on it. But while the big red bow looks to have another memorable December, more people will be happy just to get out of their red financial standing. That's why when it comes to gifts this year it will be better to give others a chance to part ways with a car as a way to cut bills.

LeaseTrader.com, the company that lets people escape a car lease contract, says December is now the largest month when people give the gift of car lease transfer more so than any other month. In fact, the last two Decembers roughly 1 out of every 7 transactions are as a result of escape packages given as gifts. With unemployment still at high levels LeaseTrader.com expects more of the same this December.

"No doubt, the auto industry and leasing in general are picking up a lot of steam with aggressive lease deals," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "But there is still plenty of hurt in the economy and for millions they need a way to get a financial monkey off their back."

While the industry is making a comeback witnessed by a brighter outlook in sales and leasing activity, LeaseTrader.com says the industry overall isn't immune from the realities of high unemployment. Much like a fitness industry where gym memberships help people shed pounds as gifts, LeaseTrader.com helps people escape an unwanted leasing contract without harm to a person's credit. Looking to cut bills remains as 75 percent of the reason why people use LeaseTrader.com to escape their current lease.

Last December the majority of gift packages enabled drivers to escape leases including the BMW 3 Series, Mercedes C Class and Land Rover Range Rover.

About LeaseTrader.com
LeaseTrader.com, the most recognized name in car leasing, easily and affordably matches car shoppers with individuals looking to escape their auto lease. Visit www.LeaseTrader.com, on Twitter @Lease_Trader (http://twitter.com/lease_trader), or call 800-770-0207.