Pembroke Pines, Florida (PressExposure) September 09, 2007 -- SwitchTrader.com, the Florida based national online car lease transfer marketplace with the tag line "America's Lease Transfer Marketplace" has rolled out its "SwitchTrader Car Lease Stability Program" designed to help American families cut their bills by giving them the option of escaping a car lease contract they can no longer afford or need.
SwitchTrader.com is committed to working with consumers seeking to eliminate their car lease obligation without having to break their contract and pay the punishing early termination penalties. Car lease owners may be able to take advantage of SwitchTrader.com's "Car Lease Stability Program" if they lease a vehicle through the finance arm of leading automotive brands, such as General Motors, Ford, Toyota, BMW, Mercedes, and many others.
The SwitchTrader "Car Lease Stability Program" is incorporated with SwitchTrader.com's lease transfer program and offers customers vehicle listing options and personal account representation on all lease transfers. The average American family's monthly car bill is typically the second largest expenditure behind their mortgage. "Any opportunity to reduce or eliminate a monthly bill without a negative blow-back is always welcome by consumers,particularly in these harsh economic times". say's Mark Leiba director and founder of SwitchTrader.
Leiba further states " our program aims to assist in bringing stability to not only consumers by preventing repossessions and or penalties for breaking a lease contract, but also to lease finance companies by allowing them to maintain a stable balance sheet with the enhanced possibility that some of their loans will continue to be proforming.
When seeking to exit a lease, automotive dealers offers consumers only two options when they can't afford their existing lease: 1) pay off the balance or 2) roll the negative equity into a new car. Both situations are financially unworkable for many families in today's economic environment.
SwitchTrader.com instead gives people the option to transfer their lease to an individual deemed credit qualified by their lease finance company holding the title to their vehicle so they can walk away from the contract before it expires. The transfer process takes an average of 3-4 weeks to complete and SwitchTrader service costs just 99.95 to list a vehicle followed by a 129.95 transfer fee.