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All the leasing companies are between a rock and a hard place because over the last few years they have leased millions of trucks and SUVs that are now worth pennies on the dollar of what they were EXPECTED to be worth at the end of their leases, so that is going to spill over onto ALL cars. If they thought your SUV was going to be worth $15,00 at the end of the lease and it is now worth $10,000, it comes out of their pocket. They took a risk on it being worth more than what they told you the residual was and in case they lost.
Other companies are going to continue to lease, but the most likely side affect will be that residuals will be lower, which means that the payments on a lease will go up since you will have to pay for a larger portion of a car in your monthly payments.
Saw the news about Chrysler, other financial institutions have announced they will no longer lease Chrysler's either, had not heard the GM part. That could change what a lot of people can afford in a negative way. It could radically change my approach as I have leased my last several cars since I do not tend to drive a ton of miles each year.
Thanks for the info, even though it is not good news....
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