Financial

Perhaps you’re well past the age to go trick-or-treating. But Swapalease.com announced five “spooktacular” lease deals for the Halloween holiday that might help your dealership move some metal, which certainly could be a sweet way to close the month. The “spooktacular” lease deals aren’t just for base-model units, either, as site experts found diverse vehicle […] [Read More]

Noel Watson has resigned as chief financial officer of automotive digital marketplace TrueCar to accept another business opportunity. Watson, whose new opportunity will be with a privately held company “outside of the automotive vertical,” according to TrueCar, expects to remain in his current position through Nov. 16. That is to ensure a smooth transition for […] [Read More]

While Equifax gave a snapshot of the new leases booked during one week in September, Swapalease.com reported how many lease-transfer approval came during the entire month. Turns out, Swapalease found that September posted one of the highest approval rates of the years as site officials pegged it at 67.6%, a slight increase from the August […] [Read More]

This week, Dent Wizard International introduced a version of its popular AlwaysNu vehicle protection, specifically for leased vehicles. As one of the largest providers of automotive reconditioning services and vehicle protection products in North America, Dent Wizard explained that AlwaysNu Lease Protection provides protection during the lease as well as reimbursement for common turn-in charges […] [Read More]

Experian identified leasing market penetration among the top 20 automakers that booked that kind of financing during the second quarter. Swapalease.com also pinpointed two factors that could enhance brand loyalty in the leasing segment; information that could be especially valuable since the site discovered nearly eight out of every 10 leaseholders would like to exit […] [Read More]

Tennessee and Vermont are polar opposites based on at least one statistic from Experian’s Q2 2020 State of the Automotive Finance Market report. Turns out the states well known for country music and maple syrup, respectively, are at the top and the bottom of Experian’s data set for the amount of used-vehicle financing originated during […] [Read More]

While some industry metrics are moving more significantly, Swapalease.com is seeing only modest changes in approval rates for consumers using its site to secure a short-term transportation solution. Site officials reported earlier this week that lease credit applicants registered a 65.1% approval rate in July, a slight decline from the June rate of 67.1%. Swapalease noticed […] [Read More]

Mike Albert entered the vehicle-subscription business on Tuesday. The company with roots in the fleet and rental spaces for more than 60 years announced that it now offers a monthly subscription vehicle service to customers living within a 75-mile radius of its flagship location in Evendale, Ohio, which is northeast of Cincinnati. Mike Albert explained […] [Read More]

Experian senior director of automotive financial solutions Melinda Zabritski returned for another episode of the Auto Remarketing Podcast. This time, Zabritski discussed how the moves made by captive finance companies to generate activity during the coronavirus pandemic impacted other segments such as leasing as well as used vehicles. To listen to this episode, click on the […] [Read More]

Fisker is going public by way of merging with a special purchase acquisition company. The e-mobility and tech company said Monday it entered an agreement with Spartan Energy Acquisition Corp., an SPAC sponsored by Apollo Global Management affiliate, to merge Spartan and Fisker. Fisker would then be a publicly traded company on the New York […] [Read More]