08.02.06
Auto Lease Market May Act As Red Flag for Finance Firms
Wallstreet Journal recently plublish a new article on auto leasing as a financing options.
Higher gas prices have curbed people’s appetite for gas-guzzling SUVs in general, says the manager of dealership Platinum Ford in Flushing, N.Y. Even for those still itching to drive big cars, they would rather lease new ones than buy those traded in or coming off leases, thanks to increased leasing promotions and lower maintenance costs of new cars. “I’ve stopped bidding for midsized and large-sized SUVs at auctions,” says the dealer.A growing number of car shoppers choose to lease rather than buy as rising interest rates have …Read more from the Wallstreet Journal.