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

Search StraightTalk

Home

Archives

Nick's Breaking News

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

| Print | E-mail |

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.

blog comments powered by Disqus

This site contains links to other sites ("Linked Sites") which are not under the control or direction of the Credit Union. The inclusion of any link does not imply endorsement by the Credit Union of the site or any association with its operators. The Linked Sites are not bound by the Credit Union's privacy policy and therefore you access them at your own risk.

Web Links

September 2010

Floods 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.