"They are cutting household spending, even if they have not lost
their job," said Sergio Stiberman, LeaseTrader.com's CEO.
Many do it despite costs such as abandoning a down payment. "In the
end it costs far less than holding onto the contract for its full
term," Stiberman said .
LeaseTrader expects the number of lease swaps to rise 17% this
year. For lease sellers, it means an end to a monthly bill. On
average they save $9,837, excluding transfer fees. It also saves
them from...
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