EX-AUTO WORKERS GETTING RID OF VEHICLES ACQUIRED WITH

Oct19

EX-AUTO WORKERS GETTING RID OF VEHICLES ACQUIRED WITH COMPANY DISCOUNTS

FEATURED Auto News | By John Sternal, LeaseTrader.com | Add Comment |

EX-AUTO WORKERS GETTING RID OF VEHICLES ACQUIRED WITH COMPANY DISCOUNTS

EX-AUTO WORKERS GETTING RID OF VEHICLES ACQUIRED WITH COMPANY DISCOUNTS

EX-AUTO WORKERS GETTING RID OF VEHICLES ACQUIRED WITH COMPANY DISCOUNTS

Volume of Deals has Doubled This Year on LeaseTrader.com

MIAMI – (October 19, 2010) – Automotive workers get great in-house deals on cars while employed. But a spate of layoffs over the last 18 months has forced a growing number of these ex-auto workers to sell or trade these vehicles in order to save money. The secondary car shopper has benefitted because these vehicles typically are dealt at bargain-basement prices.

Car Lease Specials website LeaseTrader.com says it’s processing the highest number of deals it has ever seen from former auto workers looking to trade a Lease Specials they acquired while employed. In fact, the volume of Lease Specials trade deals on vehicles from auto employees has doubled so far in 2010 compared with what it normally processes. Vehicle Lease Specials contracts from former auto workers typically average over $2,000 less in monthly payments compared with other listings.

“One of the perks of working for a car company is the company rate at which you can purchase or Lease Specials a vehicle,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “Many of these former employees now see an opportunity to trade away their vehicle and benefit from the discount they received by their former employer.”

General Motors and Chrysler vehicles make up the majority of listings in this category on the LeaseTrader.com marketplace. A Dodge Charger listed at $149 per month with eight months remaining was recently traded, as was a Cadillac CTS listed at $225 for 13 months.

Auto workers pay just $89 to list their Lease Specials on the LeaseTrader.com marketplace followed by a $149 commission at the time of transfer. Vehicles listed below the average monthly price often find a new home in less than a week.

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This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com





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