Monday, July 28, 2008
Chrysler to get out of the auto leasing business.
Chrysler announced on Friday that it is exiting the auto leasing business as of August 1 but promised to offer discounts to many customers who financed a vehicle through its leasing program so they would end up paying the same monthly payments as if they have stayed in a lease. On Thursday, Ford announced a $2.1billion write-down in the second quarter related to unprofitable leases from its financing division.
Who can blames Chrysler knowing that its gas guzzling trucks and SUV resale values are less than the one of their full tank of gas.
Who can blames Chrysler knowing that its gas guzzling trucks and SUV resale values are less than the one of their full tank of gas.
Subscribe to Posts [Atom]