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Chrysler Cancels Leases August 1 Through it's Financial Arm

July 25, 2008
The Driving Woman
Chrysler Cancels Leases August 1 Through it's Financial Arm The 2008 Pacific is one of many Chrysler vehicles affected by declining residual values. Dealers are being told not to lease any Chrysler vehicles through its financial arm after August 1, sources report. The carmaker is trying to control losses as its lending institution, Chrysler Financial, struggles with $30 billion in debt. Declining values of SUVs and trucks, which Chrysler sells a large percentage of, have been worth less when they are turned in at the end of a lease. This translates... RSS Share it

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