Providence Journal - Subscribe Now & Get Our Latest Offer
1

Cars Blog

Sour economy makes leasing an auto tougher, costlier

Comments  | Recommend
July 30, 2008 2:29 pm
By Peter C. T. Elsworth

Leasing a new vehicle could get more expensive -- if you can get a lease at all.
Automakers' financial arms are cutting back leasing programs. Falling used vehicle values, especially for big pickups and SUVs, have caused losses on current leases, according to USA Today.

Also, the overall credit squeeze is making it harder for the companies to borrow to finance new ones.

Share Your Thoughts
Guidelines: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
Providence Journal - Subscribe Now & Get Our Latest Offer
MOST COMMENTED