NewswireToday - /newswire/ - Pembroke Pines, FL, United States, 10/02/2009 - SwitchTrader.com, the Florida based national online car lease transfer marketplace with the tag line “America’s Lease Transfer Marketplace” has launched its "SwitchTrader Car Lease Repossession Prevention Program".

"SwitchTrader Car Lease Repossession Prevention Program" The thrust is to help car lease owners stem the tide of repossessions currently sweeping the country.

As the ripple effect of a deteriorating economy and record unemployment grips SwitchTrader.com, the Florida based national online car lease transfer marketplace with the tag line “America’s Lease Transfer Marketplace” has launched its e nation, individuals and families would welcome the option of not loosing their mode of transportation to the repo man. Switchtrader seeks to help car lease owners who are struggling with their payments prevent the trauma of loosing their cars to repossession and additionally having a repossession listed on their credit report, along with the possible collection efforts that usually follows ”.

SwitchTrader is dedicated to helping consumers seeking to prevent their leased cars from being repossessed and their credit history from taking a hit. Car lease owners may be able to take advantage of SwitchTrader "Car Lease Repossession Prevention Program" if they lease a vehicle through the finance arm of leading automotive brands, such as General Motors, Ford, Toyota, BMW, Mercedes, and many others.

The SwitchTrader "Car Lease Repossession Prevention Program" is part of SwitchTrader lease transfer program which provides customers an online platform to offer their leased vehicles to individuals seeking to acquire a short term lease. “The double whammy of loosing job and car in some instances simultaneously, is a vicious negative cycle facing individuals and family’s that need to look for work but don’t have cars to do so” say's Mark Leiba director and founder of SwitchTrader.

Leiba further states our "Car Lease Repossession Prevention Program" will not only aid consumers by preventing repossessions and or penalties for breaking a lease contract, but will also aid lease finance companies by preventing them from expending the costs associated with repossessing a vehicle and the negative impact on their bottom line.

SwitchTrader instead gives people the option to transfer their lease to an individual deemed credit qualified by their lease finance company holding the title to their vehicle so they can walk away from the contract before it expires. The transfer process takes an average of 3-4 weeks to complete and SwitchTrader service costs just 99.95 to list a vehicle followed by a 129.95 transfer fee.

SwitchTrader (switchtrader.com) matches car shoppers with individuals looking to exit their car lease. Privately held and founded in 2007,SwitchTrader is located in Pembroke Pines.

Agency / Source: Switch Trader

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