With the economy slamming on the brakes, a staggering amount of Americanscontinue to lose their jobs. Naturally, the first thing they look to do islower their bills. LeaseTrader.com's vehicle lease transfer program allowsconsumers to escape a lease they can't afford and transfer the remainingcontract to someone else.

Job cut announcements by Challenger, Gray & Christmas Inc., as well aspayroll manager ADP, both said this week that job cuts soared in Octobercompared to September. What's worse, the Department of Labor's monthlyreport is due this week and is expected to point towards a growingunemployment rate beyond 6.1 percent.

LeaseTrader.com also reports the majority of vehicle postings fromcustomers looking to downsize are located in Michigan (36% increase), Ohio(27% increase), Florida (13% increase) and California (9% increase).

"We're seeing an influx of drivers throughout the county taking advantageof our lease transfer program and exercising their option to escape theirlease contract," said Sergio Stiberman, CEO and Founder of LeaseTrader.com."Like the housing market, people taking over many of these vehicles aregetting some great deals because there is no down payment and the remainingterms of the lease are shorter than through a dealer."

LeaseTrader.com's vehicle lease transfer program allows people to avoidexpensive contract termination fees by transferring the remaining portionof their lease to a credit-qualified individual. Drivers pay a one-time $79listing fee followed by a $149 transfer fee. For optimum convenience,LeaseTrader.com verifies the buyer's credit ahead of time.

About LeaseTrader.com

LeaseTrader.com easily and affordably matches car shoppers with individualslooking to escape their auto lease. Privately held and founded in 1998,LeaseTrader.com is headquartered in Miami. For more information visitwww.leasetrader.com, or call 800-770-0207.

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