Many lenders are halting their lease programs because of declining residual values, declining used car prices, and because of the unknown.
Imagine yourself lending money for a car and you tell the person you will buy the car back in 3 or 4 years and you will give them X amount. Now, imagine doing this with thousands of people. Now, imagine these people coming to you selling their cars back to you and you lose $5000 or even $10,000 on each one of them! I see why lenders are scaling leases back or eliminating them entirely. You can only lose so much money before you wise up and change how you operate.
If you like to lease your vehicle, just realize your opportunity just became limited. You will be paying more or will not be able to lease with your choice of vehicle period. Lenders are going to straight out purchases and are cracking down on criteria for these. Lets hope Congress comes up with an answer soon to loosen the noose on lending.
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