10.26.06
Posted in General, Car Leasing, Auto lease, Auto leasing UK, Terminate a car lease at 1:48 pm by LeasingRus
Talk about an expensive auto lease. A Swedish former videogame executive appeared in a LA court yesterday charged with grand theft auto of his auto lease and embezzlement after stealing a rare $1 million dollar Ferrari Enzo that was later written of in a high-speed car crash.
According to the Australian News site, Stefan Eriksson, 44, stole two of the coveted Ferrari Enzos and a Mercedes Benz from a British car leasing company before shipping them off to the US, breaking the terms of his auto leasing arrangement which stated that the cars should remain in the UK. The cars were reported as stolen when Mr Eriksson stopped paying the lease on the vehicles. His lawyers admit that he had fallen behind on the payments, but deny that he had stolen the car.
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10.06.06
Posted in General, Car Leasing, Car lease calculator, Car lease assumption, Auto lease, Car trade, Auto lease swap at 6:34 pm by LeasingRus
The new vehicle leasing market is heating up as leasers offer more options and new car sales decline due to rising interest rates.
Zero percent financing and large cash rebates were the bait that brought car shoppers into dealerships the past few years. Now, instead of cut-rate financing, cut-rate leases are the attraction. Read the rest of this entry »
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Posted in General, General Leasing, Car Leasing, Financing, Auto lease at 6:13 pm by LeasingRus
Instead of buying a car, what if you could just rent one for regular use? Car rentals are popular in several countries, but this is about auto leasing — renting out cars on contracts that can last three years.
“Globally, it’s not very important for many customers to have a car registered in their name. In India, a car is still considered an asset though logically the value of the car goes down drastically as soon as it is out of the showroom,” says Rajiv K Vij, CEO, Hertz India, which started leasing cars in India about eight months ago.
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Posted in General, General Leasing, Auto lease at 6:08 pm by LeasingRus
A recent news release on auto leasing shows that more and more local automakers are eyeing the car-leasing market, tying up with suitable partners, to warm up new car sales amidst the frosty domestic automobile market.
Consumers currently in the market for an auto lease should be aware of this as auto makers using this vertical channel will use dealers to push consumers into new vehicles.
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