LeaseTrader.com - Media Center

LeaseTrader.com Offers to Help Trustee Unload Vehicle Leases in Bernard Madoff 's Case

Fri, 23 Jan 2009 15:11:38 GMT

For Immediate Release

LEASETRADER.COM OFFERS TO HELP UNLOAD VEHICLE LEASES FROM BERNARD MADOFF TRUSTEES

LeaseTrader.com’s Lease Transfer Program is Easiest Way for Trustees to Escape Lease Contracts

MIAMI (January 23, 2009) – LeaseTrader.com, the nationwide online marketplace for car lease transfers, has offered to assist in helping the trustee overseeing the liquidation of Bernard L. Madoff escape the lease contracts of six vehicles his firm had rented. LeaseTrader.com’s online marketplace allows individuals and estate professionals an opportunity to transfer the remaining portion of the lease contract to a credit-qualified individual looking for a short-term lease.

Mr. Madoff’s leased vehicles include a 2007 Land Rover Range Rover, a 2008 Cadillac DTS, a 2009 Mercedes S550, a 2007 Mercedes S550, a 2008 Mercedes GL450 sport-utility vehicle and a 2006 Lexus, according to media reports citing a recent court filing.

“Millions of Americans experience life changing events every day that force us to make adjustments in our lives, including drastic changes to personal finances,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “We’ve helped thousands of individuals and estate professionals successfully transfer in and out of vehicle leases over the years because of our online marketplace that caters to consumers in need.”

According to user data on LeaseTrader.com, estate professionals make up approximately 18 percent of the transfer activity in the company’s online marketplace, with reasons that include financial liquidation measures and even death. The most financially responsible way to terminate a car lease is through transfer, which allows cash-strapped individuals to avoid terminating the lease and paying off the remaining balance – a price tag that can easily surpass $10,000.

LeaseTrader.com’s Lease Transfer Program allows individuals to list a vehicle for $79 and provides access to credit-qualified leads and a full-service transfer department to assist with the entire process. Customers then pay $149 to begin the transfer process to escape their lease and avoid unwanted excess financial burden and damage to credit.

About LeaseTrader.com

LeaseTrader.com easily and affordably matches car shoppers with individuals looking to escape their auto lease. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leasetrader.com, or call 800-770-0207.

# # #

FIND YOUR MATCH THIS VALENTINE’S DAY ON LEASETRADER.COM

Wed, 14 Jan 2009 22:49:18 GMT

For Immediate Release

FIND YOUR MATCH THIS VALENTINE’S DAY ON LEASETRADER.COM

America’s Favorite Car Lease Matchmaker Helps You Find Your Next Car Relationship

MIAMI – (January 14, 2009) – LeaseTrader.com is America’s favorite car cupid this year, playing matchmaker to people all over the country that want to fall in love with their next car, or get a car as a gift for special someone.

LeaseTrader.com plays cupid to match two people that want to transfer an existing Car Lease. Through LeaseTrader’s Takeover Program, car shoppers avoid paying a down payment and only drive the vehicle for whatever time remains on the lease contract. The original lessee wants out of the lease because the car no longer fits their driving needs, and LeaseTrader.com helps them avoid expensive early termination fees through a transfer to a credit-qualified individual.

“Finding the right car at the right price is almost as difficult as finding the love of your life,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “And in today’s difficult economy, people don’t want to get tied into a lengthy lease relationship that will end up hurting them financially. With LeaseTrader.com, you can find the right car for you and drive away with much shorter lease terms since you’re picking up where the last person left off.”

When getting a new car, people often have to pay a $2,000 down payment on average. Taking over an existing leased vehicle doesn’t require a down payment since the previous lessee has already paid this fee. What’s more, shoppers only take over the remaining terms of the lease, meaning they won’t be strapped into a 48-month lease relationship – the average term of a new Car Lease today.

It’s completely free to browse the listings on LeaseTrader.com. Once shoppers are ready to start contacting sellers they pay a membership fee of $39 that includes credit verification, followed by a $149 transfer fee once the transfer begins. The entire process takes just a few weeks.

About LeaseTrader.com

LeaseTrader.com is an innovative provider of automobile lease transfers that easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. Visit www.leasetrader.com, or call 800-770-0207.

# # #

Press Contact:
John Sternal
Vice President of Marketing Communications
LeaseTrader.com
jsternal@leasetrader.com
786-264-5457 – O
954-592-1201 – C

LEASETRADER.COM’S TOP 2009 VALENTINE’S DAY CAR GIFTS FOR MEN AND WOMEN

Wed, 14 Jan 2009 22:46:20 GMT

For Immediate Release

LEASETRADER.COM’S TOP 2009 VALENTINE’S DAY CAR GIFTS FOR MEN AND WOMEN

Show Your Unconditional Love With A Digital Photo Keychain or Ionic Car Purifier

MIAMI – (January 14, 2009) – LeaseTrader.com, the nation’s online marketplace for Car Lease transfers, announces this year’s list of the top car gifts and gadgets for Valentine’s Day, according to a user poll on LeaseTrader.com.

“Here at LeaseTrader.com, we believe that the way to your loved one’s heart is through their car,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “Each year we poll our customers to find out what they’re buying for their special someone. This year’s list is comprised of gifts that keep loved ones safe and provide the ultimate wow factor.”

Pink Car Safety Kit: Help keep your loved one’s car safe and sound on the road. It includes jumpstart cables, steel hammer, mobile phone rechargers, Ice scrapper, protective gloves, notepad, pencil, and 3-in-1 torch.

Digital Photo Keychain: Perfect way to keep memories of your special someone near while you’re in the car. Has internal flash memory that can hold up to 56 pictures.

Ionic Air Car Purifier: Because you want to make sure that love is in the air, it immediately purifies the air with a silent, high performance fan.

Venturi Mini: This is the first car gadget with Bluetooth and radio transmitter technology. Take comfort in talking in the car safely while on the phone with your loved one.

7-in-1 Keyring: This versatile device comes loaded with things that might come in handy in case of a fire, a car accident, or any other type of emergency. Accessories include glass breaker, safety belt knife, alarm, flashlight, and digital tire gauge.

About LeaseTrader.com

LeaseTrader.com is an innovative provider of luxury vehicle lease transfers that easily matches car shoppers with drivers wanting out of their leased vehicle. Started in 1998, LeaseTrader.com is privately held and headquartered in Miami. For more information visit www.leasetrader.com, or call 800-770-0207.

# # #

Press Contact:
Evan Sneider
PR Manager
LeaseTrader.com
esneider@leasetrader.com
954-556-8991 – O
954-673-6835 – C

LEASETRADER.COM POLL FINDS 18% OF WOMEN NOW PREFER TO DRIVE ON FIRST DATE

Wed, 14 Jan 2009 22:03:53 GMT

For Immediate Release

LEASETRADER.COM POLL FINDS 18% OF WOMEN NOW PREFER TO DRIVE ON FIRST DATE

Range Rover Also Ranked as Top Vehicle Among Women Drivers

MIAMI – (January 14, 2009) – Through an online customer poll, LeaseTrader.com has found that 18 percent of women now prefer to drive on the first date – an increase from 12 percent from a year earlier. A nationwide online marketplace for Car Lease transfers, LeaseTrader.com polled roughly 500 women across the country in time for Valentine’s Day.

LeaseTrader.com has a large customer base of women drivers all over the country. These women take great pride in the vehicle they drive and enjoy the options they get from a service like LeaseTrader.com. This trend is most likely a driving reason why the number of women who prefer to drive on the first date continues to grow.

“Valentine’s Day is one of the most prominent and exciting times of the year to enjoy a date with someone close to you,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “As more women show greater interest in the vehicle they drive, it’s only natural they will also want to show off their wheels and impress a special someone on a first date.”

LeaseTrader.com compiled the top five cars women customers are most interested in today. Range Rover was the most popular at (31%) with Lexus (27%) and BMW (26%) close behind. Mercedes (12%) and Volvo (4%) rounded out the list.

1.    Range Rover
2.    Lexus
3.    BMW
4.    Mercedes
5.    Volvo

With vehicle lease transfer, car shoppers pick up the remaining portion of someone’s lease and simply finish out the remaining terms. The consumer gets a car still in great condition and there is no down payment required during the transaction. In addition to avoiding a lengthy loan or lease term, people love this form of car shopping because it is so affordable in today’s economy.

About LeaseTrader.com

LeaseTrader.com facilitates automobile lease transfers and easily and affordably matches car shoppers with drivers wanting out of their leased vehicle. Visit www.leasetrader.com, or call 800-770-0207.

# # #

Press Contact:
Evan Sneider
PR Manager
LeaseTrader.com
esneider@leasetrader.com
954-556-8991 – O
954-673-6835 – C

LeaseTrader.com's Auto Lease Transfer Marketplace Brought Increased Liquidity to Auto Industry in 2008

Tue, 06 Jan 2009 16:11:12 GMT

For Immediate Release

LEASETRADER.COM’S AUTO LEASE TRANSFER MARKETPLACE BROUGHT INCREASED LIQUIDITY TO AUTO INDUSTRY IN 2008

MIAMI (January 6, 2009) – LeaseTrader.com, the nationwide online marketplace for car lease transfers, today announced it has bucked the trend in automotive market liquidity with a 28 percent rise in lease transfer transactions in December, 2008. Vehicle lease holders are increasingly exercising the option of transferring their lease to a credit-qualified shopper in the market for a short-term lease.

Like the housing market, no liquidity is a leading reason why the auto market suffered through one of its worst years for sales in recent memory. GM, Ford, Honda and Toyota all posted sales declines of at least 30 percent for December, finishing 2008 with total sales plummeting from recent years due to the recession, a mid-year spike in gas prices, a credit freeze and liquidity that dried up from a lack of buyers.

“Due to shrinking liquidity and tightening credit, 2008 has proven to be a difficult sales landscape for the entire automotive industry,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “The lease transfer marketplace is vibrant because it offers customers freedom and flexibility in their lease contract. With our growing customer base, LeaseTrader.com brings much-needed liquidity to the leasing industry.”

LeaseTrader.com also reports the following as the most in-demand vehicles in the last quarter of 2008:

1) Mini Cooper

2) BMW 3 Series

3) Mercedes C300

4) BMW X3

5) Cadillac STS

Lease transfer benefits people who no longer can afford – or want – the remaining portion of their lease contract by matching them up with a credit-qualified person to take over their lease contract. Conversely, millions of people don’t have the necessary cash for a down payment when shopping for a vehicle today. LeaseTrader.com’s Vehicle Lease Takeover Program allows consumers to avoid the down payment by helping them take over the remaining portion of an existing lease. These car shoppers enjoy shorter terms as they’re only obligated to finish the remaining months on the existing lease.

About LeaseTrader.com

LeaseTrader.com easily and affordably matches car shoppers with individuals looking to escape their auto lease. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leasetrader.com, or call 800-770-0207.

# # #

LeaseTrader.com Releases List of Top Holiday Car Gadgets for Men

Thu, 04 Dec 2008 15:56:00 GMT

For Immediate Release

LeaseTrader.com Releases List of Top Holiday Car Gadgets for Men

Hot Items Include WI-FI and Smart Mirror with GPS

MIAMI – December 1, 2008 – As consumers gear up for the holiday shopping season, LeaseTrader.com reveals this holiday season’s top car gadgets according to a recent men’s poll. LeaseTrader.com, a leading provider of automobile lease transfers, polled more than 1000 men that use Leasetrader.com to find the top car-related gadgets that they want this holiday season.

“This year there are a number of items we’re excited about, such as Wi-Fi internet for your car, and the smart mirror with GPS,” said Sergio Stiberman, CEO and Founder of LeaseTrader.com. The 2008 Men consists of the hottest trends and gadget ideas this holiday season. The LeaseTrader.com car gadget wish list follows.

Child Minder: The Smart Pad is an ultra-thin sensor pad that goes under the fabric of a child’s car seat. The alarm unit is connected to the parent’s keychain. If the driver walks away from the car without removing the child from the car seat, the alarm will sound.

Mini Car Refrigerator: Features 2 basic temperature options: cooling or heating. Plugs directly into cigarette lighter and is perfect for coffee or any other kind of beverage.

Smart Mirror with GPS: The SmartMirror is a replacement mirror that has a high end navigation unit and an excellent quality Bluetooth hands-free system on board.

Coffee maker in Car: The coffee/espresso machine sits neatly in the central arm rest between the passenger and provides fresh coffee or espresso at the touch of a button.

WI-FI: The system works via a special wireless router, mounted in your car that draws connectivity from cell phone towers and then converts it into an in-car Wi-Fi signal. It allows full wireless service in your vehicle.

About LeaseTrader.com

# # #

Press Contact:

Evan Sneider

PR Manager

LeaseTrader.com

esneider@leasetrader.com

954-556-8991 – O

954-673-6835 – C

LeaseTrader.com Introduces Nationwide Car Lease Bailout Program

Tue, 18 Nov 2008 21:06:10 GMT

LeaseTrader.com Introduces Nationwide Car Lease Bailout Program

Designed to Help Americans Lower Their Bills by Escaping a Lease They Can't Afford

Last update: 12:20 p.m. EST Nov. 18, 2008
MIAMI, FL, Nov 18, 2008 -- LeaseTrader.com, the nationwide online marketplace for Car Lease transfers, today launched its Nationwide Car Lease Bailout Program, which is 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.

Through the program, LeaseTrader.com is committed to working with anyone that wants to cut their bills by escaping their lease without having to break the contract and pay the hefty early termination penalties. Drivers may qualify for LeaseTrader.com's Nationwide Car Lease Bailout Program if they lease a vehicle through a leading automotive brand, such as General Motors, Ford, Toyota, BMW, Mercedes, and many others.

The Nationwide Car Lease Bailout Program works in concert with LeaseTrader.com's transfer program and offers customers priority vehicle listing options, special vehicle marketing choices, premium transfer concierge services and personal account representation on all lease transfers.

"The average U.S. family's monthly car bill is typically the second largest expenditure behind their mortgage," said Dr. Helen Simon, finance professor at Florida International University. "This LeaseTrader.com program gives Americans the chance to drastically cut their monthly car payment and lower their bills during a time when we all face economic challenges."

When exiting a lease, automotive dealers give people 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 impossible for many families in today's economy.
LeaseTrader.com instead gives people the option to transfer their lease to a credit-qualified individual so they can walk away from the contract. The transfer process takes an average of 2-3 weeks to complete, and currently there are three times as many people looking to take over lease contracts -- a benefit to someone wanting out of their lease. The service costs just $79 to list a vehicle followed by a $149 transfer fee.

About LeaseTrader.com

LeaseTrader.com Reports 24% Rise in Customers Downsizing from Job Loss

LeaseTrader — Fri, 07 Nov 2008 14:53:19 GMT

Drivers Using Vehicle lease transfer Program To Downsize & Cut Their Bills

MIAMI (November 6, 2008) – LeaseTrader.com, the nationwide online marketplace for Car Lease transfers, reports a 24 percent rise in customers listing their vehicle for transfer due to job loss and their desire to downsize into a more affordable car.

With the economy slamming on the brakes, a staggering amount of Americans continue to lose their jobs. Naturally, the first thing they look to do is lower their bills. LeaseTrader.com’s vehicle lease transfer program allows consumers to escape a lease they can’t afford and transfer the remaining contract to someone else.

Job cut announcements by Challenger, Gray & Christmas Inc., as well as payroll manager ADP, both said this week that job cuts soared in October compared to September. What’s worse, the Department of Labor’s monthly report is due this week and is expected to point towards a growing unemployment rate beyond 6.1 percent.

LeaseTrader.com also reports the majority of vehicle postings from customers looking to downsize are located in Michigan (36% increase), Ohio (27% increase), Florida (13% increase) and California (9% increase).

“We’re seeing an influx of drivers throughout the county taking advantage of our lease transfer program and exercising their option to escape their lease contract,” said Sergio Stiberman, CEO and Founder of LeaseTrader.com. “Like the housing market, people taking over many of these vehicles are getting some great deals because there is no down payment and the remaining terms of the lease are shorter than through a dealer.”

LeaseTrader.com’s vehicle lease transfer program allows people to avoid expensive contract termination fees by transferring the remaining portion of their lease to a credit-qualified individual. Drivers pay a one-time $79 listing fee followed by a $149 transfer fee. For optimum convenience, LeaseTrader.com verifies the buyer’s credit ahead of time.

About LeaseTrader.com

# # #