The downside of leasing could be very ugly, as finance companies try to dispose of millions of late-model used vehicles Into a cooler economy.
Leasing could get very ugly as the new millennium dawns. It's a volatile situation that has every financial institution that unites leases on cars and trucks worried. The automakers should be concerned, too. Leasing has helped bolster earnings to record levels, as has the robust economy. But it's possible things will slow down in 2000. If they do, costs will rise and so,will incentives.
The problem is, it's going to be difficult to maintain residual values for these off-lease vehicles.
Used-vehicle values are a function of …
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