Posted on September 8th, 2010 • by David Zatz
Following Sergio Marchionne’s stated belief that financing should be kept separate from auto production, Chrysler has signed an agreement to have U.S. Bank provide leases to customers. The move comes after GM started an acquisition of a subprime lender to ease purchases for their own customers and, pundits say, to replace GMAC as an internal [...]
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Posted on August 4th, 2010 • by Bill Cawthon
Ally Bank gave Chrysler dealers a fresh pool of potential lease customers by lowering its qualifying credit score from 660, the lower end of prime, to 620, the upper end of subprime. FICO, which stands for Fair Isaac Corporation, is a score used by financial services and credit companies to determine an individual’s creditworthiness. Scores [...]
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Posted on June 7th, 2010 • by David Zatz
The projected residual values of 2010 cars and trucks has changed for many brands, according to a story in Automotive News which quoted statistics from the Automotive Lease Guide. Dodge cars’ residuals (the value of the car after three years) rose sharply, an 8.2 point increase since 2005, but were still lower than most competitors, [...]
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Posted on May 10th, 2010 • by Bill Cawthon
Want a Chrysler, but want a lease? You’re in luck! Chrysler, which dropped leasing altogether in August 2008, is again offering customers a lease option through GMAC Financial (now Ally Financial Inc.). In April, roughly eight percent of retail customers chose to lease their new Chrysler vehicle. Chrysler hopes to see its lease volume grow [...]
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Posted on September 16th, 2009 • by Bill Cawthon
Chrysler Group LLC today announced it will offer leasing for U.S. customers on all 2010 model year Chrysler, Jeep and Dodge vehicles through GMAC Financial Services. “We are pleased to re-enter the leasing market so we can offer customers the opportunity to lease vehicles at rates competitive with the marketplace,” said Peter Fong, President and [...]
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