The Car and Truck Fleet and Leasing Management Magazine

Car Lease Transfer Increased 28%

September 01, 2009

MIAMI - More small business owners are using car lease transfer as a way to "ditch the lease and remove the financial obligation from the books," reports LeaseTrader.com.

Small business customers using the car lease transfer service to shed company car leases left unused due to small business downsizing and staff reductions has increased 28 percent in the last six months, according to LeaseTrader.com.

"Companies with several company leases sitting unused in the parking lot can amount to tens of thousands in unnecessary payments, further deteriorating the balance sheet," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "Lease transfer offers the ability to shed those unused lease payments without destroying company or personal credit."

 

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