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While Chrysler has chosen to get out of the leasing business altogether after taking a bath on vehicles being returned with residual values far below expectations, Ford will reportedly be taking a different approach. Automotive News is reporting that after its finance arm recorded "extreme losses" on its lease vehicles, the automaker has decided to raise prices on its leases for the F-150, Super Duty, Ford Explorer and Sport Trac. Keep in mind that the residual value of these particular vehicles is falling so fast that Ford will be forced to price these leases so high that no consumer in his right mind would actually lease one. So while Ford is not actively removing itself from the leasing business when it comes to trucks and SUVs, its decision to sharply raise prices will have pretty much the same effect.

[Source: Automotive News]

Ford to sharply raise lease prices on trucks and SUVs originally appeared on Autoblog on Tue, 29 Jul 2008 17:29:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ford leaseford leasingford suv leaseford truck leaseFordLeaseFordLeasingFordSuvLeaseFordTruckLeaseTue, 29 Jul 2008 17:29:00 EST http://www.autoblog.com/feed/1270142/article-comments.xml http://www.autoblog.com/feed/2008/07/29/ford-to-sharply-raise-lease-prices-on-trucks-and-suvs/1270142/article-detail.xml 1270142 http://www.blogcdn.com/www.autoblog.com/media/2008/07/81205141_opt_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/07/81205141_opt.jpg <![CDATA[Ford delays car payments for victims of Iowa tornado]]>http://www.autoblog.com/2008/06/02/ford-delays-car-payments-for-victims-of-iowa-tornado/http://www.autoblog.com/2008/06/02/ford-delays-car-payments-for-victims-of-iowa-tornado/http://www.autoblog.com/2008/06/02/ford-delays-car-payments-for-victims-of-iowa-tornado/#commentsFiled under: , ,



Car payments are way down on the list of concerns for victims of the recent tornados in Iowa. Thus, Ford Motor Credit has introduced a Disaster Relief Program that will offer grace from one or two monthly payments to qualified customers. Lease customers, or buyers who financed purchases through Ford Credit or other brand-specific financing arms (Jaguar Credit, Land Rover Capital, Mazda American Credit, Primus, or Volvo Car Fiance) will be notified by mail about how to register. Once registered, customers can postpone one or two months worth of payments, allowing them to focus on putting their lives back together again before worrying about the next check to Ford. We expect other automakers to follow Ford's lead this week as the extent of damage caused by Iowa's strongest tornadoes in 32 years is fully revealed.

[Source: Ford Motor Credit, Photo: NOAA]

Continue reading Ford delays car payments for victims of Iowa tornado

Ford delays car payments for victims of Iowa tornado originally appeared on Autoblog on Mon, 02 Jun 2008 07:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fordford leaseford loanford motor creditford paymentFordLeaseFordLoanFordMotorCreditFordPaymentgrace periodGracePeriodiowa tornadoIowaTornadolease paymentLeasePaymentloan paymentLoanPaymentskip paymentsSkipPaymentstornado victimTornadoVictimMon, 02 Jun 2008 07:58:00 EST http://www.autoblog.com/feed/1212100/article-comments.xml http://www.autoblog.com/feed/2008/06/02/ford-delays-car-payments-for-victims-of-iowa-tornado/1212100/article-detail.xml 1212100 http://www.blogcdn.com/www.autoblog.com/media/2008/06/noaa_tornado_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/06/noaa_tornado.jpg -1 2