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Re: Bob Nardelli will be the end of Chrysler...............
The start of the thread wasn't well researched. Companies have stopped leasing due to automotive resale prices.
A good example is the situation I am in. I leased my GMC truck in '06. The truck was purchased at $40,000 (Cdn), the value at the end of my lease in '09 was 'set' at $26000 and I basically make payments payments on the $14000.
The problem comes in here, resale prices have dropped with the increase of fuel prices. The real value of my truck when I hand it back will roughly be $20000 if lucky. The leasing company will take a loss of over $6000 on my vehicle alone.
Mr. Nardelli can only react to what the leasing/financial options are available as any other manufacturer.
Wil
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