FP Trading Desk submits: Auto financing companies want out of the leasing business. Chrysler (DMX) Credit said it is getting out of the leasing game entirely, Ford Motor Co.’s (F) credit arm and GMAC are tightening leasing rules, and independent financers like Wells Fargo (WFC) are no longer interested either. The reason? High borrowing costs, write-downs of existing lease portfolios and continued pressure on used vehicle pricing. Complete Story » ...
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