MenuMENU
SearchSEARCH

Lease Approvals Fall Slightly in November

Swapalease.com reports U.S. lease approval ratings declined by 2% in November following an October surge.

December 20, 2018
Lease Approvals Fall Slightly in November

Lease applicants were approved at a 68.9% rate in November, a slight decrease from October but a year-over-year improvement.

Credit:

Photo by RJA1988 via Pixabay

2 min to read


CINCINNATI — Swapalease.com reports car lease credit applicants registered a 68.9% approval rate in November, a slight drop from the October rate of 70.9%. The number of lease approvals is slightly higher than last year for the month of November: 67.5% of lease applicants were approved in 2017, and 64.7% were approved in November of 2016.

The lease approval rate for the previous three months is registered at a healthy 71.3%.  Lease approval averages have been slowly increasing and stabilizing over the past year, and the number of applicants applying for leases has also increased from the 2017 year. Lease applicants who were approved for a lease transfer through Swapalease.com have been two to three times higher than the number of those declined throughout most of 2018, mostly due to continued strengthening credit profiles.

The company expects continued stability in lease credit approvals throughout the beginning of 2019, despite rising interest rates, said Executive Vice President Scott Hall.

“We expect to see a continued increase in lease applicants entering the new year, as dealers have not only offered attractive lease deals- but shoppers have strengthened confidence in their spending power,” Hall said. “End-of-year prices on new automotive leases has shoppers looking for vehicle upgrades, but we continue to see increased traffic on Swapalease.com as more people seek alternatives to dealer incentives, which have waned throughout 2018.”

More Auto Finance

A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Auto Financeby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →
Ad Loading...
Industryby Hannah MitchellOctober 15, 2025

Debt-Strapped Auto Consumers on the Rise

The amounts owed on under-water trade-ins reach new highs.

Read More →
F&Iby Hannah MitchellOctober 10, 2025

Helping the Credit-Crunched

Though many auto consumers are finding it challenging to trade, dealers can leverage conditions to help them get over the hump.

Read More →
IndustryJuly 31, 2025

Auto Borrower Divide Deepens

Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.

Read More →
Ad Loading...
Industryby Hannah MitchellJuly 10, 2025

Auto Credit Easier to Get

June upticks still came with risky exposures.

Read More →
Industryby StaffJune 12, 2025

Auto Loans a Little Easier to Get

Slight May improvement came with risks to borrowers, lenders.

Read More →
F&Iby StaffJune 5, 2025

Auto Loan Delinquencies Fell in Q1

Experian report shows other shifts, including banks clawing back market share.

Read More →
Ad Loading...
Auto Financeby StaffMay 13, 2025

Auto Credit Picture Muddled

Overall April conditions didn’t benefit the consumer, especially those presenting more risk.

Read More →