BMW Finance Upgraded to `B' Rating at Releasing.com; - Upgrade Follows Change in BMW Finance's Lease Transfer Policy

PALM DESERT, Calif., Sept. 11 -- LeaseTrading.com - America's marketplace for car lease transfers - today announced that it has upgraded BMW Finance's rating to "B" on its consumer-advocacy oriented Releasing.com site, located at www.releasing.com.

The move follows BMW Finance's change of its standard lease policy to allow lease transfers without contingent liability. Previously, new BMW leases could not be transferred without default liability remaining with the original lessee.

"BMW's move is part of a general trend toward improved leasing policies on the part of financing companies," said LeaseTrading.com CEO Michael Penfield. "Since creating the lease transfer market more than three years ago, we have continuously lobbied financing companies to better address the needs of America's 17-million-plus leased-car drivers. We hope to see more financing companies follow BMW's lead."

Previously, BMW Finance was rated "C" on the site.

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 they could.

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/.