Quote:
Originally Posted by Sal Collaziano
I didn't read the whole article. Does it mention why foreign companies won't be hit as hard with this issue?
|
It doesn't, but I would guess that foreign cars (Japanese especially) have much better residuals as a general matter which would keep lease rates down. It does seem that this problem is most acute with full-sized pickups and SUVs.
But a little anecdote- the lease will be up soon on my wife's '06 Saturn VUE- she loves it and wanted to lease another one. But even after visiting three Saturn dealers (and I am comfortable with negotiating) the best we could do on a lease of a pretty basic '08 VUE XE 3.5 (cloth, no sunroof) was within $12/mo. of the lease on an Acura RDX (non-tech, so no Nav but still pretty loaded including Xenons, leather, roof, etc.) w/ same money down and mileage. MSRP of the Saturn was around 27K, the Acura around 34K. Guess which one she wants.