Drivers Fear Lease Miles? Not According To Latest Survey

CINCINNATI, Sept. 18, 2012 /PRNewswire/ -- Conventional wisdom says the vast majority of drivers believe mileage constraints to be the biggest drawback when leasing. However, a recent national leasing survey from Swapalease.com says not so. In fact, concerns about mileage ranked 7^th out of 10 for today's top reasons why people want out of their car lease.

Thousands of drivers across the country had the chance to rank the top reasons why they want out of a vehicle lease, and the top reasons saw a big shift compared to a similar survey in 2008. Swapalease.com processes thousands of requests each year from people looking to escape their current lease for a number of reasons.

The number one reason drivers want out of their lease today is that they no longer need their car (relocation, received company car, deceased family member). This replaces financial concerns, which was the top reason back in 2008 but slipped to 2^nd on today's list.

Fear of gas prices also scored surprisingly low on today's list of concerns (8^th). "In 2008 gas prices ranked 6^th when the national average of gas was near $4 a gallon," said Scot Hall, Executive Vice President of Swapalease.com. "We just saw a summer of repeated gas-price increases yet these price spikes do not seem to be negatively impacting people and their driving habits."

Overall lifestyle changes (growing family, job status) ranked 4^th in the most recent poll, compared to 2008 when it ranked 2^nd on drivers' list of concerns.

Possibly due to the rapidly improving features and in-vehicle technology found in cars from year to year, people listed 'dislike present vehicle' as the 5^th most popular reason, up from 8^th in 2008.

Visit the Swapalease.com blog to see the full results of today's Top 10 Reasons why drivers want out of their lease.

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. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com's safe online system to contact the prospective seller and close the deal.

For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com. 

SOURCE Swapalease.com