Comments on: GMAC announces $716 million lost in auto leases

By: Fletch

Fletch — Fri, 01 Aug 2008 12:42:13 +0000

There are millions of people upside-down in their mortgages wishing they would have “leased” housing arrangement.

By: The Stig

The Stig — Fri, 01 Aug 2008 04:29:54 +0000

Nobody wants a gas guzzler just off lease, that’s for sure. What a shocking surprise. Of course those who had leases recently expire are doing just fine especially if they downsized. And that’s the wonderful thing about leasing – you don’t own it – but realistically (and rationally) you don’t want to anyway.

By: ktulu

ktulu — Thu, 31 Jul 2008 23:20:37 +0000

I thinl this is a real-world problem. Bobody is leasing carys that they can afford, but big gas-guzlers. And no 1 wants 2 buy them, so the valu is lower thatn the residual in the lease contracts.

Not many Tundra’s leased, so this looks now like a big 3 problem,

By: injunraiv

injunraiv — Thu, 31 Jul 2008 21:51:42 +0000

This is an industry wide problem. You’ll see…

By: acura_el2000

acura_el2000 — Thu, 31 Jul 2008 19:11:18 +0000

HAHAHA

By: tripleonefive

tripleonefive — Thu, 31 Jul 2008 18:46:15 +0000

Wow GMs dont hold their value Hmmmmmm