Upscale Cars Tops in Growing Used Car Leasing Business on LeaseCompare.com

Cincinnati, OH - October 22, 2002. Automobile Consumer Services, Inc. (ACS), an innovator in online direct-to-consumer auto leasing, today released a list of the top 10 most requested vehicles from its popular auto leasing website LeaseCompare.com for the third quarter of 2002.

The Top 10 Most Requested Models

Rank New Used
1 Volkswagen Passat Porsche 911
2 Acura MDX BMW 5 Series
3 Acura TL Chevrolet Corvette
4 BMW 330i Mercedes S Class
5 Audi A4 Mercedes CLK Class
6 BMW 325i Mercedes M Class
7 Infiniti G35 Mercedes E Class
8 Honda Accord Porsche Boxster
9 Volkswagen Jetta BMW 330 Series
10 Honda Pilot BMW X5

While upscale models continue to rank highly on both the new and used lists, what has changed is the consumer's appetite for used car leases. Virtually unknown to many used car buyers only a few years ago, late model used car leases jumped from 41% to 69% of leases issued between the second and third quarters of this year at leasecompare.com.

"A couple of things are driving the growth of the used car leasing business," according to Tarry Shebesta, president and owner of ACS. "The availability of certified, late model used cars has reduced the uncertainty of leasing a pre-owned vehicle. People are also continuing to be conservative in their spending. Buying a distinctive late model used vehicle is one way customers can satisfy their taste for quality yet reduce overall cost."

This fall, 2003 models are also a great leasing opportunity because of their naturally higher residuals and because interest rates continue to be competitive.

LeaseCompare.com, as the name suggests, provides a tool to evaluate lease options from a number of sources in real time. Customers can lock in the lease payment they like and in a matter of minutes apply for credit online. As an independent leasing company, LeaseCompare.com facilitates the entire leasing process.