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Great deals on cars for buyers and sellers

November 16, 2009 9:23:55 AM PST
Next to your home, your car is your biggest expense. For people facing tough times, being locked in to a long term car lease can be a real burden.

But there is an on-line lease swap program that can help them get around that problem.

The website, swapalease.com, has a steady stream of cars and sports utility vehicles.

The ten thousand vehicles in its inventory have one thing in common -- the people currently driving the vehicles want to get rid of them and fast.

For buyers, it's a chance to get a great deal. More than 50 percent of the sellers offer a financial incentive.

Founded ten years ago, swapalease used to cater to the finicky car owner.

Then, it was someone who wanted to get a new vehicle before their old lease was up.

Now, due to the recession, the motives are far more serious.

For consumers in a financial pinch, swapalease has become a practical way to get out of their car lease without paying a penalty or ruining their credit with missed payments.

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