California Autos Examiner

Tuesday, July 29, 2008

Chase to Chrysler Dealers: No Lease For You!

Chase Auto Finance to end Chrysler leases -

Undoubtedly Jeep, Dodge and Chrysler dealers thought they could continue to offer leases through outside providers such as Chase. While some banks may still be interested in leasing Chrysler's, Chase has just declared "I'm out!" Remaining lenders are going to have to think long and hard about this one: "The manufacturer itself won't lease its vehicles, now Chase is gone, hmm, what should I do, what should I do?"

For those who are still going to lease a Chrysler, it might be better to call it "fleecing" as residuals plummet and money factors skyrocket, you are going to pay big-time.

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