Should anyone be thinking of leasing a vehicle from one of the big three as of Aug 1 they will not be leasing. They are taking too big of a hit on the residuals with the increase in gas prices and the resultant fall in used vehicle pricing, especially on the bigger and more profitable trucks and SUV's. They ar suggesting an extended interest low program for up to 72 months to offset the payment differential and this puts the risk onto the consumer on the eventual value of the used vehicle. I compared two recent deals on this scenario. A fifty thousand SUV came out about the same under the proposed new deal and a 32000 car came out about 45 more per month.
Just a heads up It was only announced yesterday by Ford and GM
Just a heads up It was only announced yesterday by Ford and GM