San Francisco Man Saves Record $26,000 at LeaseTrading - Lexus Transaction Sets New Record in National Lease Transfer Market

PALM DESERT, Calif., Sept. 3 -- LeaseTrading.com -- America's marketplace for car lease transfers -- today announced that a customer located in the San Francisco area saved more than $26,000 last week by using LeaseTrading.com to transfer his car lease, setting a new record in the national lease transfer market.

"In more than three years of trading, in an active marketplace, we've seen several great deals," said LeaseTrading.com CEO Michael Penfield. "This deal once again underlines the tremendous value that LeaseTrading brings to both buyers and sellers in the lease trading marketplace."

A San Francisco-area customer saved more than $26,000 when he transferred his leased Lexus LS430 at LeaseTrading. The buyer, also located in the San Francisco area, received a nearly new Lexus, with an incentive bonus from the seller, and paid no money down. There were 31 months remaining on the lease.

"LeaseTrading was a no-brainer," the LeaseTrading customer said. "I'm glad that this option was available to me." Had the seller terminated his lease with his financing company, his termination fee would have exceeded $26,000.

The record savings follows another recent record in July, when a customer in Chapel Hill, North Carolina saved more than $19,000 by trading his leased 2002 Mercedes-Benz CLK320 at LeaseTrading.com.

LeaseTrading.com helps drivers get out of their leases -- without paying an early termination penalty -- by connecting them with buyers who are looking for great deals on short-term leases. The Company facilitates the lease transfer process with its support and proprietary "E-File" platform, and partners with financing companies and auto dealers nationwide.

Industry experts project that auto lease transfers will become a billion- dollar marketplace over the next five years, as more consumers become aware of the marketplace and its potential to save them thousands of dollars in exiting a car lease. Currently, more than 17 million U.S. consumers drive leased cars - one out of every three cars driven off the lot. More than 25% say they would exit their leases - if not for the termination fees.

About LeaseTrading Inc.

LeaseTrading.com is America's marketplace for car lease transfers. LeaseTrading.com is a privately held Delaware corporation, with offices in California and Connecticut. For more information, contact Dev Bhatia, at info@leasetrading.com or call us toll-free at 1-888-280-9009.

LeaseTrading.com: Get In. Get Out. For Less.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.