Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals during the month of July were 81.0%, the highest monthly level of the year and reversing a trend that saw continuous decline since January largely due to an increase in the number of SubPrime credit applicants.

Despite the high marks in July, Swapalease.com attributes the growing number of credit declines in 2014 to a rising number of car lease shoppers with SubPrime credit profiles seeking to enter the leasing market. Different than financing, most SubPrime candidates will not qualify for a lease, nor lease takeover, from the bank overseeing the car’s payment schedule.

As a result even with July’s high numbers, the year-to-date approvals rate has fallen to 66.5% of all lease applicants, compared with a YTD rate of 75.6% in July of 2013. According to a recent report in The New York Times, 27% of all car loans today are considered SubPrime, an increase from 20% of the market during the recession (but still below a rate of 36% in 2006).

Swapalease.com works to help SubPrime car shoppers elevate their credit profile through a program sponsored by ConsumerDirect.com. Once these shoppers revitalize their credit they can re-enter the Swapalease.com marketplace and reapply for a lease assumption.

“Credit has always been the lifeblood of every lease program, and all lease companies in the Swapalease.com marketplace adhere to their own guidelines,” said Scot Hall, Executive Vice President of Swapalease.com. “We will be taking a closer look at the number of SubPrime candidates that continue to shop in our marketplace, and will look to identify additional programs to help them become qualified lease candidates.”

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal.