Results 1 to 4 of 4

Thread: Chrysler to exit leasing business on Aug. 1, 2008

  1. #1
    Senior Member misterdecibel's Avatar
    Join Date
    Apr 2007
    Location
    Little Rock, Arkansas
    Posts
    3,408

    Chrysler to exit leasing business on Aug. 1, 2008

    According to autonew.com, Chrysler will no longer offer lease products in the U.S.

    But it's going to offer 0 percent financing for 72 months on remaining 2008 Jeep Grand Cherokee, Commander, Dodge Durango and Chrysler Aspen SUV.


    http://www.autonews.com/article/2008...729903622/1142

    http://www.autonews.com/apps/pbcs.dl...628259970/1078

    It's obvious -- they don't want 'em back.


  2. #2
    Vulture of The Western World Eric's Avatar
    Join Date
    Jul 2006
    Location
    The Land of The Edentulites
    Posts
    23,012

    Re: Chrysler to exit leasing business on Aug. 1, 2008

    Quote Originally Posted by misterdecibel
    According to autonew.com, Chrysler will no longer offer lease products in the U.S.

    But it's going to offer 0 percent financing for 72 months on remaining 2008 Jeep Grand Cherokee, Commander, Dodge Durango and Chrysler Aspen SUV.


    http://www.autonews.com/article/2008...729903622/1142

    http://www.autonews.com/apps/pbcs.dl...628259970/1078

    It's obvious -- they don't want 'em back.

    If the company hasn't managed a major turnaround by mid-2009, expect Cerberus to cut bait.....

  3. #3
    Senior Member
    Join Date
    Jul 2006
    Location
    Raleigh NC, USA
    Posts
    3,628

    Re: Chrysler to exit leasing business on Aug. 1, 2008

    Leasing is adding to the troubles of the automakers. All those big trucks and SUVs that got leased 3 years ago are now starting to be turned in, and not surprisingly, the automakers are taking a bath. Their actual value is way below what the predicted value was, back at the start of the lease.

    Chip H.

    Former owner: 2012 Honda Civic LX, 2006 Honda Ridgeline RTL, 2000 Honda CR-V EX, 2003 MINI Cooper S, 1992 Honda Accord LX, 1999 Mercedes ML-320, 1995 VW Jetta GLX, 1991 Mercury Capri XR2, 1981 Mercury Zephyr, 1975 Chevrolet Impala

  4. #4
    Senior Member misterdecibel's Avatar
    Join Date
    Apr 2007
    Location
    Little Rock, Arkansas
    Posts
    3,408

    Re: Chrysler to exit leasing business on Aug. 1, 2008

    So now apparently GM is rumored to be making the same decision.

    And I didn't know this, but Cerberus owns 51% of GMAC. Talk about strange bedfellows.

Similar Threads

  1. Borrowers exit troubled Obama mortgage program
    By Eric in forum Survival/Economic Collapse
    Replies: 0
    Last Post: 06-22-2010, 09:37 AM
  2. Chrysler selling Viper business
    By chiph in forum Automotive News
    Replies: 5
    Last Post: 08-31-2008, 10:01 AM
  3. Replies: 1
    Last Post: 12-07-2007, 09:57 AM
  4. More on Chrysler's plans for 2008....
    By Eric in forum Automotive News
    Replies: 1
    Last Post: 11-03-2007, 11:02 AM
  5. Replies: 0
    Last Post: 10-21-2007, 06:58 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •