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Automotive News & Views The End of Leasing? And do you care?
95 messages, Last post on Sep 03, 2008 at 4:58 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: hudsonthedog (Aug 01, 2008 7:36 am) Saw a show with Suze Orman. Man, did she ever get down on some woman who thought leasing was a good idea. (quote) "Leasing a car is the stupidest thing you will ever do in your life" woman: "But I like to have a new car every 3 years" Suze: "Why? So you can impress the stranger next to you at the stoplight?" She was NOT being nice! |
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...the "Shop 'Til You Drive" sales promotion. These aggressive incentives include: - up to 40% off MSRP on Dodge Ram and the larger SUVs - 0% APR for 72 months (Tier A) and 0% for 60 months (Tier B) - $2000 cash from Chrysler Financial - waiving of the lease disposal fee (up to $425) - additional Lease Loyalty cash for those ending a Chrysler Financial lease (up to $750) - up to $2000 for those who lease with an independent financier Chrysler press release kcram - Pickups Host
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Replying to: kcram (Jul 30, 2008 8:45 pm) Thats not what I am getting from the dealers. Effective today they are offering no leases on a new Saab (subsidized or otherwise). They have put in big MSRP discounts in its place and low rate purchase financing to bring payments more in line with a lease but over much longer term. Maybe just the salesmen trying to get a sale - but have been dealing with a couple of dealers and same story. As far as subsidized leases go. What is considered subsidized? 50% residual after 3 yrs? I don't know if they ever specifically inflated the residuals here. They inflated the MSRP (compared to US prices) which I guess in turn inflates the residual. Now with the dollar on par they are stuck.
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Replying to: kcram (Aug 01, 2008 9:41 am) In 3 years if your car turns out to be a POS that you can't get rid of you take the hit in trading it in for a dime.
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Replying to: stmss (Aug 01, 2008 11:13 am) |
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I think Chrysler sees the residual values going down, especially on the big cars and trucks they're known for. Chrysler is going to have trouble selling new cars/trucks for the next three years  . So they don't want the used ones coming back and adding to the horror  (too many cars/trucks, and not enough customers). The way things are going at Chrysler these days, they might not be around, when the leases are up.
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Replying to: ponytrekker (Aug 01, 2008 12:50 pm) The "claim" is that leasors have stricter credit requirements for leasees vs. buyers, but I wonder if in practice this was the case in the past? Does anyone know if the default rate on leases has increased at all? |
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Replying to: Mr_Shiftright (Aug 01, 2008 8:19 am)
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Replying to: bryan (Aug 04, 2008 12:18 pm) She was much nicer to the 11 year old girl who wanted to buy a $109 doll to add to her already 5-doll collection. She was "denied" but with a much sweeter demeanor. |
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Replying to: Mr_Shiftright (Aug 01, 2008 8:19 am) Next I cancel the water so I can save $300 every two months. True the bucket in the bathroom smells but I have much more to save now. |
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