University students are leasing short-term vehicles to meet their transportation needs for college
With hefty tuition prices rising each and every year, college students and their parents brace themselves for college expenses. Outstanding Federal loan debt has reached almost 1.4 trillion dollars, the largest source of consumer debt after housing. There’s no doubt that students are cutting back on spending to avoid taking out more student loans.
When it comes to getting around on and off campus, parents want their students in a vehicle that is reliable and cost effective. College students are not looking for long-term vehicle choices, as a four-year university is a short-term and temporary situation- at least for most students. With the average price of a new vehicle costing consumers approximately $36,270, students can lease a new car for several years at a fraction of the price.
Swapalease.com, the world’s largest automotive lease marketplace, provides students with a practical alternative to buying a car that fits their needs, without tacking on crippling debt. Swapalease allows students to take over a lease according to their own terms. Students can lease a vehicle for as little as three months, up to three or four years depending on their needs.
Some of the top reasons college students are leasing today:
Leases are a short-term solution, providing students with a dependable car to last them through college years without sacrificing amenities and upgrades. The option of leasing gives students a goal to look forward to post-graduation, a new car!
Leased vehicles are typically newer, offering the latest tech features and ingenuity. They are less likely to run into problems, and most can help students navigate their new college town with built in GPS systems.
Cars that are leased are typically considered low risk. Students who lease don’t take on repair costs and vehicle maintenance in the way that car owners do. Since the dealership assumes the risk, students can focus on their studies- not car repairs.
Leasing a college vehicle is more cost effective. Drivers can pay as low as $130 a month, only paying for a portion of the vehicle price through the term- which is much less than purchasing the vehicle new at full price. What’s more, when you take over someone else’s lease through the Swapalease platform, there is no down payment (since that has already been paid by the previous individual).
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.
Author: Digital Dealer
Digital Dealer exists to help dealers and their managers sell more vehicles more profitably by creating the best live events and media in the industry.