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Financing companies have typically kept monthly lease payments low by inflating the value of a car when it's turned in -- known as the residual value. But slowing sales of once-leased cars have forced dealers to be more realistic about those residuals, says Sergio Stiberman, chief executive of LeaseTrader.com. At the same time, used-car prices have climbed overall. But because dealerships set the buy-out value at the time of the lease, drivers may now be able to buy the car they're...

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LeaseTrader.com, a popular car leasing marketplace, announces more women than men on the website under the age of 30 are now driving a luxury vehicle. Today, roughly 51.2 percent of women under 30 on LeaseTrader.com drive a luxury vehicle compared with 42.6 percent in 2005. The announcement comes on the heels of findings that show women gaining or surpassing men in financial and academic areas. According to 2008 U.S. Census Bureau data analyzed by a New York research firm, women ages...

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Myth: It's cheaper to buy the same car used somewhere else than to buy out your lease. Truth: Former lessees can save up to 15% over a comparable used car. Financing companies have typically kept monthly lease payments low by inflating the value of a car when it’s turned in — known as the residual value. But slowing sales of once-leased cars have forced dealers to be more realistic about those residuals, says Sergio Stiberman, the chief executive of LeaseTrader.com. At the same...

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On the surface, ``cash for clunkers'' -- last year's federally sponsored program subsidizing deals for motorists who traded in a ``clunker'' for a new vehicle -- seemed like a great idea. But now, there's growing evidence of buyer's remorse in Florida and elsewhere. One of the provisions of ``cash for clunkers' was that if you wanted to lease a new vehicle and still get the incentive -- $3,500 or $4,500 -- you had to sign a lease that was a minimum of five years long. According to...

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I like to think I'm a careful consumer. Whether I'm in the market for a new TV or insurance policy, I do a lot of research and shop around. Sooner or later, we all fall victim to buyer's remorse. In a best-case scenario, you can return an item or exchange it, but what if you signed a contract? I frequently get e-mails from people trying to get out of commitments they've made to cell phone companies, gyms, satellite TV services or car leases. Sometimes they just can't afford them...

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LeaseTrader.com, the nation’s most popular car leasing marketplace, announces more women than men on the website under the age of 30 now driving a luxury vehicle. Today, roughly 51.2 percent of women under 30 on LeaseTrader.com drive a luxury vehicle compared with 42.6 percent back in 2005.
The announcement comes on the heels of several recent findings that show women gaining or surpassing men in certain financial and academic areas

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More women under the age of 30 are now driving a luxury vehicle, according to the online car leasing marketplace LeaseTrader.com. Approximately 51.2% of the website’s current luxury car leasers under 30 are women. According to John Sternal, Vice President of Marketing Communications for LeaseTrader.com, this is the first time women have made up a higher percentage of this particular under 30 demographic since the company started aggregating its data in 2005. That year, 57.4% of...

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It's often hard to find data to show what we know to be true: Americans are driving less during the recession. But there is some information rolling in from the leased-vehicle sector. Leased vehicles are being turned in with fewer and fewer miles on them, according to data from LeaseTrader.com. Many vehicle leases restrict drivers to a certain number of miles. Often that's 10,000 or 12,000 miles per year.

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Dear Driving for Dollars, I had my own business and I leased a car almost two years ago for a hefty $635 per month. My business has declined drastically and I'm now in a financial mess. I'm considering letting the car go in order to use the money to pay off credit card debt. Is this even an option? What should I do?
-- John

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