SUV Lease Consumers Look for Options as Gas Prices Continue to Climb

LeaseTrader.com Helps Owners Replace SUVs with More Fuel-Conscious Vehicles

MIAMI, June 5 /PRNewswire/ -- LeaseTrader.com, the company that helps consumers transfer their car lease to another individual anywhere in the country, is helping people transfer out of their sports utility vehicle (SUV) lease as a result of today's high fuel prices. The innovative service is the fastest and most economical option available for consumers looking to exit their auto lease.

Currently, the only way for a person to terminate an auto lease early is to pay out the remaining terms or roll the negative equity into a new vehicle -- an option that can cost upwards of $10,000. However, through LeaseTrader.com, consumers can easily transfer out of their car lease without paying the hefty financial penalties that come with early termination. The service is now benefiting consumers interested in replacing their large SUVs with a vehicle that is more fuel-conscious, especially since it costs about $100 to fill up a typical SUV.

Jeremiah Unruh recently used LeaseTrader.com to transfer out of the lease he had on a BMW X3 Series. The Wichita, Kan., resident grew tired of keeping up with escalating gas prices. "I simply wanted to save some money," he said. "If not for LeaseTrader.com I would still be paying extremely high fuel prices with no end in sight. But the service gave me the option to transfer out of my lease without paying exorbitant termination fees."

"Until now, the consumer had no options for getting out of their auto lease early unless they were in a financial situation to pay thousands of dollars in penalties," said Sergio Stiberman, LeaseTrader.com's president and chief executive officer. "LeaseTrader.com is the proven answer that millions of people have been looking for all around the country. The service is very easy to use and offers a better way to find just the right car for your needs."


A recent Consumer Reports poll found that seven out of 10 people said that they would seek a vehicle with better fuel efficiency than their current model. The survey was taken just before the national average gas price spiked to a record $3.22 per gallon on May 21.


About LeaseTrader.com
LeaseTrader.com is an innovative provider of automobile lease transfers that easily and affordably matches car buyers with owners wanting out of their leased vehicle. Available to users nationwide, the service helps to match individuals who are currently leasing vehicles and wish to terminate their vehicle lease obligation with individuals who are seeking short-term leases with attractive payments and no money down. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leasetrader.com