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REPORT: Lexus to lease - not sell - all U.S. LFA supercars in order to foil speculators
In an interesting bid to foil exotic car speculators who drive up the prices of limited-availability models, Lexus will reportedly lease – not sell – its forthcoming LFA supercar when it hits the U.S. market in January of 2011. As Automotive News reports, Lexus will only offer two-year leases of its 552-horsepower supercar at a fixed price (which has not yet been disclosed). At the conclusion of the two year period, leaseholders will get the opportunity to purchase the vehicle outright, at which point the title would be handed ... Read more →
Chrysler to resume leasing vehicles soon? Chris Shunk
In late July 2008, Chrysler announced that it would stop leasing vehicles effective August 1. The news helped exasperate the decline of Chrysler group vehicle sales while giving customers fewer ...
2010 Nissan Leaf electric car: In person, in depth - and U.S. bound [*UPDATED w/vids & live photos] Chris Paukert
It would be easy to paint Nissan as late to the burgeoning U.S. green party, as the company essentially only counts the Altima Hybrid to sell among its alt-fuel offerings – and that sedan ...
REPORT: GM to resume leasing luxury vehicles on Aug. 1 Jonathon Ramsey
Just in time for the weekend, rumor has it that General Motors and GMAC plan to crank up the leasing machine again on August 1. When GM stopped the practice last year, leases made up 20% of its ...
Fleeting Fortune: Courts asked to cancel Madoff's car leases Noah Joseph
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 ...
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Breaking news:
- BREAKING: Toyota to recall 3.8M vehicles to reshape and replace pedals BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air First official shots of new BMW 5 Series leaked online BREAKING: Schumacher likely to return to F1 racing with Mercedes BREAKING: Buick confirms 2011 Regal 2.0T to come with manual transmission. Wait... wha?
GMAC dramatically cut back on leases in September 1 year ago on Autoblog
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 ...
In lieu of leases, Chrysler wants you to "Shop 'til you Drive" 1 year ago on Autoblog
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 vehicle? ...
More leasing woes: Ford Credit takes big hit on trucks and SUVs 1 year ago on Autoblog
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 ...
Ford uses March to showcase luxury, value 3 years ago on Autoblog
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 ...
Autoblog Podcast #154: Gobbling up the News
Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.
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