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November 2010 Entries

Nov30

Assume a Car Lease





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Assume a Car Lease

As an alternative to buying a used vehicle, many consumers choose instead to assume a Car Lease. This process has resulted in an entire industry, and automotive tourism related to the process of trading or assuming leases has had a positive effect on many local economies.

John Sternal, Vice President of Marketing Communications for LeaseTrader.com, sat down with LoveToKnow Cars to discuss the industry of lease trading and its impact on automotive tourism

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Nov30

Fewer agents backing out of fancy car leases





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Fewer agents backing out of fancy car leases

Two years ago, real estate agents topped the list of drivers from various industries who were getting out of their expensive car leases -- defined as a car valued at or above $40,000 -- with 68 percent escaping for financial reasons, according to data analyzed by LeaseTrader.com, an online leasing service. This year, agents looking to downsize dropped to 43 percent, still feeling the effects of the slowed housing recovery, with only a slight discrepancy between the genders -- men...

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Nov30

The housing market is stabilizing according to car leases





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The housing market is stabilizing according to car leases

LeaseTrader.com, a third party Car Lease database, recently released a report that analyzes the financial stability of an industry by the car leases its industry employees are terminating.

The report found that 43% of Realtors are "escaping" their expensive car leases in 2010, down from 68% in 2008, while 32% of financial executives are following suit, down from 63% in 2008.

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Nov30

Car Lease Data Shows Doctors, Lawyers Are in a Financial Pinch, Too





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Car Lease Data Shows Doctors, Lawyers Are in a Financial Pinch, Too

Pre-recession, driving a fancy car was the status symbol of choice. You were what you drove and you drove to impress. This attitude led to the practice of leasing the fanciest car you could afford. So now, if we may read the tea leaves: Which occupations are the most anxious to dump the Hummer lease because well, their financial GPS isn't pointing to a good bottom line?

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Nov30

Professional breakups





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Professional breakups

If you want to lessen your risk of getting divorced, stay away from performers, athletes and massage therapists. And while you're at it, add telemarketers, waiters, baggage porters and roofers to the list. These are just some of the jobs linked to an elevated risk of divorce, according to research out of Virginia's Radford University. Needless to say, if there's any truth to it, actress Eva Longoria and NBA star Tony Parker were doomed all along. Longoria filed for divorce last week...

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Nov30

Realtors No Longer Top Professionals to Escape High Priced Cars





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Realtors No Longer Top Professionals to Escape High Priced Cars

Take your best guess – who’s doing the worst among professionals in today’s economy: financial executives, lawyers, Realtors, doctors or insurance brokers? LeaseTrader.com analyzed data on drivers of various industries getting out of their expensive Car Lease and compared to similar data from 2008. Two years ago, Realtors topped the list with 68 percent escaping a Car Lease for financial reasons; today that honor goes to doctors.

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Nov30

Doctors, Lawyers in Luxury Cars Hurt Worst by Recession





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Doctors, Lawyers in Luxury Cars Hurt Worst by Recession

Who's being hurt the worst by the economic recession? Surprisingly enough, it's male doctors, according to a report by LeaseTrader.com that analyzed which professionals are downsizing the most from expensive car leases. After all, if yourdoctor can't afford $1,600 or so a month to lease a Maserati and is getting out of the deal early, you know the economy must be in bad shape. Hard times "This is probably not the best time for doctors, financially speaking," said LeaseTrader...

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Nov26

LeaseTrader.com on Business Week





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Nov23

Doctors top Realtors looking to get out of auto leases





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Doctors top Realtors looking to get out of auto leases

Doctors have surpassed real estate agents as the most financially distressed profession — measured by numbers trying to dump costly auto leases for financial reasons. That’s one of the insights gleaned from Miami-based LeaseTrader.com, which plays matchmaker between those trying to exit car leases and those seeking leases.Two years ago, real estate professionals topped the list of those trying to get out of expensive car leases for financial reasons as the housing bust crushed their...

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Nov22

Doctors Give Up Luxury Cars For Money Reasons More Than Realtors





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Doctors Give Up Luxury Cars For Money Reasons More Than Realtors

Seems like a sign of the times. Leasetrader.com, which bills itself as the most popular online marketplace for transferring car leases, reports in its blog here that doctors seem to be leading the professions in financial pain.

At least, in financial pain as measured by seeking to hand off a lease on a Maserati, a Mercedes or a BMW 7 series.

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