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LeaseTrader.com on South Florida Business Report

Wed, 18 Nov 2009 19:49:52 GMT

LeaseTrader.com on FOX 5 News San Diego

Wed, 18 Nov 2009 19:48:34 GMT

LeaseTrader.com on NBC Connecticut News

Wed, 11 Nov 2009 18:55:55 GMT

LeaseTrader.com on America's News HQ FOX News

Fri, 16 Oct 2009 16:22:27 GMT

Top 20 Reasons People Want to Get Rid of A New Car From LeaseTrader.com

Mark Tapscott — Fri, 11 Sep 2009 15:02:17 GMT

You say you loved your new vehicle when you first laid eyes on it in the dealer showroom, but now that you've driven it a few days, it just isn't what you expected. So you want to get out of that purchase or lease deal that was so inviting.

If you bought a Government Motors product, you are probably in luck because GM has announced a new 60-day return policy. Check out the release from the automaker here for details. There are exceptions, such as you can't have put more than 4,000 miles on the vehicle.

Expect other automakers to follow GM's lead on this.

In the meantime, you might be wondering what sort of reasons people cite when bringing back vehicles they thought they loved, but then things went sour behind the wheel. LeaseTrader.com helps people get in and out of leases, and they are citing these as the top five reasons:

1) divorce/breakup
2) death
3) health
4) relocation
5) family growth

LeaseTrader.com says these five account for 65 percent of all customer situations. No surprise that divorce and death are on top of the list, but relocation and family growth strike me as a little iffy. You got the vehicle to drive, to get you to new locations, right? And if your family suddenly grew, odds are it didn't come as a surprise, right?

Anyway, here are the rest of the top 20, according to LeaseTrader.com:

6) deployed to military
7) lost income/job
8) gas prices
9) dissatisfaction
10) disability
11) new company-issued car
12) child went off to college
13) car safety
14) retirement
15) environmental
16) parking too expensive
17) public transportation
18) weather
19) social pressure
20) feature upgrade

LeaseTrader.com and Three Ways to Get Rid of Office Equipment

Raymund Flandez — Mon, 31 Aug 2009 14:48:50 GMT

They are the unattended items that get left behind when employees get laid off: desks, chairs, computer screens, even cars. Small-business owners looking for extra dollars in the budget should turn attention to those unused supplies or equipment gathering dust. You might bring in extra cash, or even trim costs if you're still carrying insurance or paying them off. Certainly, keep some items in storage if you expect business or hiring to pick back up soon. Otherwise, it's time to clean house. Here are the three best ways to get rid of office equipment:

Ashley Yvonne Photography

Carnahan Group transferred the lease on its Lexus IS 350 by using LeaseTrader.com.

1. Find others who really want them. For starters, try to sell them to your employees. After rounds of staff cutbacks, Tri-Lite Builders Inc., sold two company cars to remaining workers and another one to a client. The Chandler, Ariz., general contractor, which owned the extra vehicles, arranged a payment plan and charged no interest. Another way is to look for third-party companies that match sellers and buyers. There's eBay for general goods, ITTradeOnline.com for used computers and laptops, RockandDirt.com for used construction equipment, MedMarketplace.com for used hospital and medical equipment, or SurplusEquipment.com for manufacturing machinery. Carnahan Group Inc., a healthcare consulting firm in Tampa, Fla., used LeaseTrader.com to shed a Lexus IS 350 that was sitting idly in its parking lot. The company transferred the lease, which still had 13 months left, in three weeks and saved about $5,000 in monthly payments and early termination fees. LeaseTrader, which charges sellers a minimum of $89 to list vehicles and collects a $150 commission fee, has seen small-business car-lease transfers jump 28% since January compared to the same period a year ago, says Chief Executive Sergio Stiberman.

2. Try bartering. In mid-March last year, Gail Haight was at wit's end trying to sell a trove of high-end office furniture – cherry-wood desks, high-back leather chairs and mahogany bookcases – after her mortgage company, Pinnacle Lending Group of Boca Raton, Fla., decided to close. She came upon NuBarter.com, an online bartering company that offered to facilitate the sale. Two and a half months later, Ms. Haight had sold almost all of the office furniture and banked $13,000 in the company's NuBarter account. Ms. Haight has used that money to go out to dinners at participating restaurants and to hire a lawn maintenance company. "It gave me some peace of mind to know that someone else has benefited from a part of our company," she says. NuBarter of Savannah, Ga., has seen the number of transactions rise to about 850 transactions per month this summer, up from about 600 transactions per month in the spring. Other barter sites include BizX.com, FloridaBarter.com, and BarterBrokers.com. Search a directory at International Reciprocal Trade Association's site. Keep in mind, barter transactions need to be recorded for tax purposes

3. Donate to charities that can use them. Contributions have slipped this year, many charities say. Gifts In Kind International, of Alexandria, Va., which brokers donated computer and office equipment to about 3,000 partner organizations across the country, says it has seen a 10% decline this year in small-company contributions. So, it wouldn't be a bad idea to give away your extra printer or desks to a nonprofit that could really use the help. Bonnie CLAC, a nonprofit group that helps low-income people finance vehicles, says it would love to be a beneficiary of a vehicle-donation program. The Claremont, N.H., group currently has 70 cars with a waiting list of weeks for clients who need transportation for work, says Terri Steingrebe, president and chief executive. An added benefit for these donations, of course, is the tax deduction, a percentage of the wholesale cost of the item as determined by the Internal Revenue Service, says Patrick Tufts, president and chief executive of Heritage United Way, of Manchester, N.H., which recently launched a new program to distribute donated goods from companies to local charities. Another charity to consider: The National Cristina Foundation, of Greenwich, Conn., which has a database of pre-screened charitable organization that could use computer or technology-related items.

LeaseTrader.com on Fox 10 News

Mon, 24 Aug 2009 18:57:01 GMT

GM will return to leasing with luxury vehicles – LeaseTrader.com

Jamie LaReau — Thu, 30 Jul 2009 13:42:52 GMT

DETROIT -- General Motors Co. will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutzsaid today.

"We will get back into leasing, but we are not going to use massive subsidized leasing to drive volume because it's volume without profitability," Lutz said in an interview with Automotive News. "We'd rather sell less at higher profit than sell more at lower profit."

Lutz said it still would make sense for GM to do more leasing on its luxury vehicles.

"The luxury end of the market is very heavy on leasing and as credit frees up, it would be very logical to get back into the portion of the market that we currently don't compete in, which is the lease market," Lutz said.

"If we lease, it is going to be a lease rate that truly reflects the value of the car or truly takes into account the true depreciation level of the car in the first two or three years."

According to reports Tuesday by The Wall Street Journal and Bloomberg News, GM and its lending affiliate GMAC are expected to resume leasing cars as early as Aug. 1 after a year-long hiatus from the leasing market.

Lutz would not comment on the reports, saying he is unsure of when GM might return to leasing. But he emphasized it will be a limited program because it is very expensive for a carmaker to subsidize leasing and leasing tends to erode residual values.

GM spokesman Pete Ternes said GM is still discussing leasing options and no announcement is planned yet.

Demand for leases on a several GM models has increased over the past year, according to statistics from LeaseTrader.com, which tracks activity in the secondary lease market.

"It has always been imperative for GM to reintroduce car leasing programs for the millions of people that see leasing as the best fit for their automotive needs," Sergio Stiberman, CEO of LeaseTrader.com, said in a statement.

"Many of the brands and models in the GM family have increased in popularity in the secondary lease marketplace because leasing remains desirable for so many individuals.

"We're confident GM's decision will result in higher inventory turnover because more options are always beneficial to the consumer and to the health of the industry."

According to LeaseTrader, demand for leases on the Cadillac Escalade has risen 22 percent over the past year. The Buick Enclave was next at 18 percent.

LeaseTrader.com Grows During Recession

Niala Boodhoo — Tue, 28 Jul 2009 18:30:35 GMT

The Lease Trade Connection: LeaseTrader.com has seen the need for its services grow during the downturn in 2009. LeaseTrader is driving sales and helping customers escape BMW car leases and Mercedes car leases. Lease Trade is growing at over 30 percent increase compared to 2008. Here's how it works - The car leaseholder pays a flat fee of $79 and a lease transfer fee of $150.

LeaseTrader.com on Money for Breakfast Fox Business Network

Mon, 06 Jul 2009 18:33:12 GMT