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The potential advantage for lease buyers is the ability to get a car for a short period while avoiding hefty upfront fees.

Cars recently showcased on LeaseTrader, which had 20,000 transactions last year, included a 2005 BMW Z4 convertible with 19 months remaining on its lease going for $350 a month.

Sellers pay a fee of $79.95 to list their cars on the site. Buyers, who undergo credit checks before they can contact a seller, pay $39.95 for a 60-day membership.

When a m...

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SAN FRANCISCO (MarketWatch) -- With home foreclosure rates rising and economic volatility the norm, it's easy to understand why more people might want to get out from under a $400-per-month car lease that stretches on for two or three years more.

Companies such as LeaseTrader.com and Swapalease.com offer such services, connecting people who want to get out of a lease with those eager to get a deal on a short-term arrangement, but consumers should proceed carefully before paying hundre...

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The FDIC, which recently took over failed bank, IndyMac, thinks it may have come up with a resolution to the mortgage mess facing America. Hundreds of thousands, if not millions, of people are either late or not making their mortgage payments at all. The real problem with the mortgage situation is to figure out what to do with these people and how to help them.

So here's what the FDIC has come up with in terms of a "solution." They will work with each delinquent home...

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MIAMI - Facing a housing downturn and high gas prices, consumers are starting to downsize into smaller vehicles, according to customer data analyzed by the Internet company LeaseTrader.com.

Information from the company, which helps people transfer car leases, shows that a growing percentage of its customers are turning away from larger cars in favor of smaller vehicles. Roughly 15 percent of its customers transferring out of their car leases are doing so with the intent of getting int...

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With the financial crisis causing much panic throughout the country and world, the big early winner in the current situation seems to be financial media like CNBC, FOX Business, and entertaining personalities such as Jim Cramer, who hosts "Mad Money" on CNBC, and Ali Velshi of CNNMoney.com. Millions of people are tuning in each day to see what's going on in the markets. And the networks are eating up the ratings by offering all kinds of insight and "breaking news."
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MIAMI – (September 20, 2007) – Consumers are starting to downsize into smaller vehicles, according to recent customer data analyzed by LeaseTrader.com, the company that helps people transfer car leases.

A growing percentage of LeaseTrader.com’s customers are now exiting larger car leases in favor of smaller vehicles. Today, roughly 15 percent of LeaseTrader.com customers transferring out of theirCar Lease do so with the intention of getting into a sm...

MIAMI, Sept. 19 -- Consumers are starting to downsize into smaller vehicles, according to recent customer data analyzed by LeaseTrader.com, the company that helps people transfer car leases.

A growing percentage of LeaseTrader.com's customers are now exiting larger car leases in favor of smaller vehicles. Today, roughly 15 percent of LeaseTrader.com customers transferring out of their Car Lease do so with the intention of getting into a smaller car.

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Here's another "winner" as a result of the dire financial crisis hitting America and the world - Lobbyists. All kinds of companies, including the likes of General Motors and Chrysler in the auto industry, as well as banks like Wells Fargo and CitiGroup in banking, are parading out their lobbyists in an effort to grab a larger piece of the $700 billion bailout program. Even airlines like Delta, American Airlines and USAir have been stepping up their efforts to get some of the bailout...

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MIAMI - Sergio Stiberman got a hefty ultimatum when he wanted to break his Car Lease: Fork over more than $10,000, or wait out the 30-month deal.

He kept the gray BMW 740, but his frustration pushed him to look for simpler, cheaper ways to wiggle out of a contract. Within months in 1998, Stiberman created LeaseTrader.com, a Web site that matches people hoping to leave a lease with those wanting to take over one.

Leasing has become a more popular option in the past decade, and ...

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MIAMI – (September 12, 2007) – LeaseTrader.com, the company that helps consumers transfer in and out of their Car Lease, announces its monthly Index for August, with the BMW 328 topping the list as Americas most preferred leased car.

BMW’s popularity in August reaches beyond the 328, claiming three of the top four spots. The BMW X3 and X5 are third and fourth, respectively, behind the Mercedes C230 Sport Sedan which holds the second spot in the ranki...

Washington Federal bank and Fifth Third Bancorp both have applied for Federal funds stemming from the $700 billion bailout program. A few other banks like PNC Financial Services Group have also submitted formal letters of interest in acquiring the funds. Under the $700 billion bailout program, which was recently passed by Congress, the Treasury Department will inject $250 billion into banks in exchange for shares.

The goal of the funds is to provide relief in the wake of the g...

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Such deals can also help people who need a leased car at a good price. A lease seller in Manhattan might be someone who just moved to the city who “doesn’t want to pay $700 a month on parking,” Stiberman said.

The potential advantage for lease buyers is the ability to get a car for a short period while avoiding hefty upfront fees.

Cars recently showcased on LeaseTrader, which had 20,000 transactions last year, included a 2005 BMW Z4 convertible with 19 months...

Read More...

MIAMI -- Sergio Stiberman got a hefty ultimatum when he wanted to break his Car Lease: Fork over more than $10,000, or wait out the 30-month deal.

He kept the gray BMW 740, but his frustration pushed him to look for simpler, cheaper ways to wiggle out of a contract. Within months in 1998, Stiberman created LeaseTrader.com, a Web site that matches people hoping to leave a lease with those wanting to take over one.

Read More...