Swapalease.com said that its lease credit approvals were up slightly in December (73.3%) compared with November levels (70%). The overall approvals rate on the year finished at 72.7%, compared with a 2012 rate of 65.3%. Holiday lease shopping from a higher population of well-qualified lessees helped improve the credit approval rate from November. Historical marketplace trends show that a 70% credit approvals rate is considered healthy for Swapalease.com.
