Unemployed Americans who are losing their unemployment benefits because of Congress's failure to extend the federal unemployment benefit program are walking away from their car leases in droves, reports LeaseTrader.com, which matches up people who want out of their car leases with those looking for a shorter-term lease.
The company said it expects to process 7.3 percent more listings in June from people whose unemployment benefits have ended or are about to end.
"Unemployment benefits have been keeping millions of Americans afloat since the recession began," said Sergio Stiberman, chief executive of LeaseTrader.com. "When the clock runs out on benefits, people still jobless look to find ways of further cutting their bills. The ability to transfer a Car Lease contract can save a person more than $500 each month while keeping their credit intact."
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com