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    Smart's $99/month 'Cash for Clunkers' deal has a big, dirty secret

    Cash for Clunkers won't be official for a few weeks, but some automakers are already looking to cash in on the once in a lifetime opportunity to take up to $4,500 off the price of a new car or truck. Smart is offering its quirky little Fortwo runabout for just $99 per month with the trade-in of a ...

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    Fleeting Fortune: Courts asked to cancel Madoff's car leases

    There are many jobs in the world which we wouldn't want. Ranking high among them is Irving Picard's. He's the guy stuck with managing the liquidation of Bernie Madoff's firm. Having purportedly defrauded his clients (including numerous charitable foundations) of over $50 billion, Madoff has ...

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    GMAC dramatically cut back on leases in September

    Leasing is down industry-wide by about 50% from 2007 levels, but General Motors' captive credit arm took an even bigger bite out of its vehicle leasing in September. GMAC leased only 2% of all GM products in September, and the decision to do so had everything to do with the recent events of the ...

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    Toyota tops GMAC as the biggest U.S. auto lender

    Toyota Financial Services recently leaped over GMAC Financial services to take the lead as the biggest U.S. auto lender in terms of loan and lease contract volume. The study by AutoCount (a unit of the Experian Automotive company) estimates that Toyota captured 6.35% of the market from January ...

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    In lieu of leases, Chrysler wants you to "Shop 'til you Drive"

    Chrysler's departure from the leasing game certainly isn't going to help dealers move stale product off their lots, so the automaker has announced a new sales program unimaginatively named the "Shop 'Til You Drive Sales Event." What'll it take to get you into a new Chrysler, Dodge or Jeep ...

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    Leases hurting luxury automakers, BMW wants you to buy

    The Detroit 3 aren't the only automakers feeling the hurt from lease vehicles coming back worth much less than expected. Leases account for 60% of BMW's sales in the U.S. compared to just 20% of sales in the industry as a whole. As such, BMW will begin offering incentives like never before to ...

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    More leasing woes: Ford Credit takes big hit on trucks and SUVs

    Fresh off the news that Chrysler financial will no longer play the leasing game comes word that Ford took a $2.1B charge in the second quarter to offset expected losses from truck and SUV leases. High gas prices have put a huge dent in the truck and SUV market, so when customers turn in their ...

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    Chrysler's financial arm no longer offering leases

    Chrysler LLC's financial division will no longer be offering leases to U.S. consumers on Chrysler products as of August 1st. The automaker will be holding a conference call with dealers later today to go over the changes and the reasons behind the decisions, but Chrysler spokesperson, Bill Porter, ...

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    Hyundai offers scorching deal on Genesis leases

    Click on the image above for our high-res Hyundai Genesis gallery To lure buyers towards the all-new 2009 Hyundai Genesis luxury sedan, the Korean automaker is aggressively pricing lease programs. Traditional Hyundai customers choose to lease about 10-12 percent of the time. The Genesis, ...

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    Driveway rental business growing in North America

    By most estimates, there are about 250 million registered passenger cars in the United States (you can drop the number down by a few hundred if you still don't consider the Yugo GV a car). For many motorists, it seems that every single one of those cars is trying to park in their location -- their ...

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    GM may lease Chevy Volt batteries

    In order to sell the Chevy Volt for $30,000 or less, General Motors is considering leasing the lithium-ion batteries to customers who buy the car. As AutoblogGreen points out, renting car parts is an innovative strategy to get the Volt to market in time and at the right price. Having a car payment ...

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    Odo Uh-Oh: Honda extending warranties on 6 million cars

    Honda has decided to settle a class-action lawsuit that alleges its odometers were racking up miles too fast. The automaker says odometers on some 6 million Hondas affected by the suit were accurate to within 3.75% on the high side. The NHTSA doesn't regulate odometer accuracy, and the only ...

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    Toyota puts first incentives on the Prius

    Though not many noticed, Toyota employed the use of incentives to increase sales of its Prius hybrid for the first time ever in January. The incentives varied around the country and included low lease payments, cheap financing and cash back to dealers for each unit sold. Automotive News reports ...

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    Are cars getting more affordable?

    Cars are becoming increasingly affordable? It hardly seems possible given today's economy, but statistics show that a new vehicle purchase takes a smaller bite out of your wallet today than it has in years. You can bet that huge incentives and subsidized leases have been a factor in bringing ...

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    DCX makes quick buck by selling Stuttgart HQ

    We had always operated under the assumption that there's no quick way to make a buck in the auto business. Turns out we were wrong, as DaimlerChrysler has just sold its headquarters in Stuttgart for $308.8 million in cash to IXIS Capital Partners Ltd. Don't fret, the building's new owners won't be ...

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    Lease a Bugatti Veyron for $24K a month

    While there probably is one or two of you reading this who do actually own a Bugatti Veyron, the other 99.9999999999 percent of us don't and never will. Lots of new car buyers, however, turn to leasing when they want to drive what they can't afford to own. This month's issue of Automobile mag ...

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    Top 10 vehicles most researched for leasing
    1154283180 has published its most researched vehicles for leasing for the first half of 2006. Many of the selections, such as the BMW 3-Series and Infiniti G35, are not surprising since those types of customers often enjoy driving the latest models every two to three years. However, we were a ...

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    Local dealers offer Dodge Ram for free with/Caravan lease

    According to Agence France-Presse (AFP), two Chrysler dealerships recently offered a 2006 Dodge Ram Quad Cab 4x4 pickup for free if the customer signed a 27-month lease on a same year Dodge Grand Caravan minivan.“This is something the dealers offered on their own,” said Kevin McCormick, ...

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    Ford uses March to showcase luxury, value

    If you're in the market for a new vehicle, March may provide an excellent opportunity to buy if a Mercury or Lincoln vehicle is on your shopping list. According to the Detroit Press, FoMoCo will begin a special leasing program this Friday with no money down, no security deposit, and no payment for ...


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