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Automotive leasing options reduced by Big Three U.S. manufacturersChrysler, Ford and GM have recently made announcement about their auto-leasing businesses. Chrysler will no longer offer leases through Chrysler Financial as of August 1. Ford is limiting truck and SUV leases. GM is tightening its rules for leases. These moves are a reaction to the credit crisis and the plummeting resale values of trucks, SUVs, and other gas guzzlers. Does this mean that leasing is going away? No. Leasing is still available through other financing companies including some credit unions. Most experts, however, think that leasing terms will tighten and costs may rise. If you are considering leasing, be sure to check first with CCU and follow the guidelines in our Car Buying Guide. Read an overview of leasing news from July 30 from CNNMoney.com Breaking news analysis prepared for Corning CU by Remar Sutton & Associates, August 2008. blog comments powered by Disqus |
Web LinksSeptember 2010Floods in Pakistan: FTC Warns Consumers to Give Wisely. Following these tips will help you make sure your money goes to aid the flood victims. Do you like to give or use gift cards? Then you'll like these new rules for gift cards. Concerned abourt your privacy online? Then check out the articles in Consumer Action News' Summer Issue. Disasters can have unexpected consequences that impact your privacy and your personal information. This article from the Privacy Rights Clearinghouse can help you be prepared. |