RE: leasing ends
As a dealer I can confirm that as of the end of the month Chrysler Financial will discontinue leasing at this time.
I also can confirm that GMAC will do the same thing as of the end of August.
Most banks have already stopped leasing and the ones that do will most likely stop due to the market conditions. During the meeting with the credit managers Chrysler says that this is due to the unstable market making it impossible to set values using residuals. Just FYI , Chrysler expects oil to drop to $87 per barrel by the end of 2009 and fuel to be in the $2.20 rage but of course there are NO GUARANTEES !