LeaseTrader.com Waiting List for Lease Takeovers Continues Climb in Q1

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Wed Apr 29, 2009 9:56am EDT 

  MIAMI, FL, Apr 29 (MARKET WIRE) -- 
LeaseTrader.com, the nationwide online marketplace for car lease
transfers, reports an 11 percent increase in demand for the company's
Lease Takeover Program (people looking to takeover an existing lease) in
the first quarter of 2009. Demand for people waiting to take over
secondary leases on LeaseTrader.com has now increased steadily following
an eight percent increase in Q4 of 2008.

    With a growing waiting list of car shoppers looking for a secondary lease,
LeaseTrader.com proves it is not necessary to pay a large down payment and
commit to long-term terms. LeaseTrader.com matches credit-qualified
shoppers on this waiting list with individuals looking to escape an
existing lease. After meeting through the Web site, LeaseTrader.com then
facilitates the transfer of the remaining lease contract from one person
to the next.

    "We're seeing more people sign up for our Lease Takeover Program because
they still have a desire to shop for an automobile despite the current
economic climate," said Sergio Stiberman, CEO and founder of
LeaseTrader.com. "It's not so much the economy keeping people away from
auto dealers, but rather a lack of options that meet their needs. With a
shorter financial obligation involved and no down payment, our Lease
Takeover Program allows for more flexible options that meet the needs of
today's average family."

    Although LeaseTrader.com has a healthy and growing marketplace for people
escaping their car lease, the company has three times as many people
waiting to take over a lease because of the financial benefits involved.
In addition to getting a lease still under warranty, customers are
committed only to what's left on the lease and can often negotiate a
lower monthly payment with the person wanting out.

    About LeaseTrader.com

    LeaseTrader.com 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 follow on Twitter @Lease_Trader or visit www.leasetrader.com,
or call 800-770-0207.

    



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