The mortgage situation and higher fuel prices have prompted a slowdown in the American economy. Many economists believe these are two strong reasons why fewer Americans are buying cars. As such, taking over someone's existing car lease is now the best option when shopping around for a car.

Despite the economy, people still want and need to shop for cars. Problem is, they're hesitant about getting into a long-term payment obligation because of all their existing bills and financial uncertainty. LeaseTrader.com (www.leasetrader.com) , the company that facilitates car lease transfers, offers the best alternative in helping people take over someone's existing car lease.

"In uncertain economic times, people turn to short-term commitments with their finances," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "With LeaseTrader.com, people can take over an existing car lease and manage their finances more clearly because they can budget their monthly car payment for a much shorter time frame."

When getting a new car, you often have to pay a $2,000 down payment on average. Taking over a leased vehicle doesn't require a down payment since the previous lessee has already paid this fee. What's more, you're only taking over the remaining terms of the lease, meaning you won't be strapped into a 48-month lease contract -- the average term of a new car lease today.

"Using LeaseTrader.com  is a good way to avoid paying a down payment at a dealer," said Ken Perna, a New Jersey resident and car shopper. "Also, getting a leased car with only six months remaining gives me a lot of flexibility in determining my driving needs."

LeaseTrader.com has a full staff to assist people in taking over someone's lease. Each car shopper is assigned an account representative to walk them through the transfer process. It's free to browse the site, $39 for a membership with credit verification, and $149 to take over someone's car.