SOURCE: LeaseTrader.com

LeaseTrader.com

December 07, 2010 11:12 ET

Winter Is Time for Snow, Holidays and... Convertibles?

Motivated Sellers Drive Higher Market for Winter Transactions on LeaseTrader.com

MIAMI, FL--(Marketwire - December 7, 2010) - Winter is quickly approaching, which means it's time for snow shovels, seasonal holidays and... convertibles? LeaseTrader.com, the nation's most popular car leasing website, says convertibles on the site are listed at roughly 10 percent less in December compared to May and June listings, creating a heated market during the winter.

As an example, a BMW Z4 Roadster is currently listed on LeaseTrader.com for $299 p/m and a Mini Cooper convertible was recently scooped up for $249 p/m. LeaseTrader.com car leasing experts believe winter is a good time to shop for convertibles because procrastinated sellers sweeten the pot with additional cash incentives to strike a deal. Incentives are offered in over 90 percent of all convertible transactions during the winter.

Shoppers from warm-weather climates aren't the only ones searching for a convertible during the winter. Northern regions such as Milwaukee, New York and Chicago are often destinations for these convertibles. Drivers are more than happy to keep the top up until late spring knowing they got an amazing deal on a classic summertime car.

"The beauty of LeaseTrader.com is that you can truly customize your search, which is something you really can't accomplish at any dealer," said Sergio Stiberman, CEO and Founder of LeaseTrader.com. "You can search for a convertible in December with only 10 months remaining so that you're done with the contract when summer is over."

Other popular winter destinations for convertibles include Indianapolis, Portland, Pittsburgh and Boston. While the BMW 328 is the most popular convertible on LeaseTrader.com, other models like the Mini Cooper convertible, Mercedes S Class, Mazda Miata and BMW Z4 are also popular.

Convertible shoppers on LeaseTrader.com enjoy no down payments and low, monthly lease prices from others looking to escape their contract.

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. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.LeaseTrader.com, on Twitter www.twitter.com/lease_trader, or call 800-770-0207.