As early as 1999, one in four had purchased a new car leases.This number decreased over the last decade before the recession set up a lease on the endangered species list. Auto manufacturers were losing money due to worse than expected remaining installments. At the same time, customers were not in a mood to spend money on a new car or truck. As a result, Chrysler stopped leasing in total in 2008, and General Motors limited leasing of the most popular models.
Ward’s Automotive reported, although leasing has taken a significant beating, the two-and three-year rental car now on the rise. GM and Chrysler are back in the leasing business, according to Ward’s, Volkswagen, Hyundai and Kia are pushing for increased lease transactions. If the automakers roll in an effort to move more metal? Maybe not.
Check vehicle inventories, there is less chance of residual build dive and certified used cars at the same time the programs will get a shot in the arm with low miles, warranty-equipped cars and trucks. We probably will not be 25-percent lease rates seen in the near future, Automotive Lease Guide Inc., but practice makes jump to build the 20-percent rate by 2015.