Automotive leasing options reduced by Big Three U.S. manufacturers - Corning Credit Union

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Automotive leasing options reduced by Big Three U.S. manufacturers

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Chrysler, 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.

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Web Links

January 2009

Did you recently get a new computer or other electronics and you don't know what to do with the old stuff. Then check out these sites:

Where Can I Donate or Recycle My Old Computer and Other Electronic Products? — This page from the Environmental Protection Agency can help you find a local program, manufacturer and retailer programs, and government-supported donation and recycling programs.

Electronics Reuse and Recycling Center from GreenerChoices.org — This site from Consumer Reports provides various information about what you can do with your old electronics including donating and recycling.

Federal Reserve Consumer Help
This site is loaded with information from the Federal Reserve Board. Learn more about checking accounts, credit reports, deposit insurance, electronic banking and more. Other sections include file a complaint, find an answer, and other resources.

Tax Tips for 2009
Beginning January 5th, the IRS will issue more than 70 tax tips through the April filing deadline. These easy-to-understand tips cover a wide range of topics.