Chrysler to exit the Auto Leasing Business

[Chris_]

DETROIT — Chrysler LLC said Friday its financial arm will get out of the auto leasing business by the end of the month because economic conditions have made leasing more expensive than buying, for both consumers and the company.

http://www.palmbeachpost.com/business/content/shared-gen/ap/Finance_General/Chrysler_Leasing.html

While, third party lease companies will step in for some part.  Good bye, amazing lease deals on so many great vehicles 

[Chris_]

Well....leasing is ALWAYS more expensive than buying, unless you (as a buyer) have a business interest profitable enough to benefit from the tax write-offs.

I Think Chrysler Credit's decision has more to do with the costs of all of the incentives that they used to throw around to promote low monthly payment leases, and the costs auto group ended up with as a result of taking a beating on the vehicles when they went to the auctions at the end of the lease terms, due to inflated residuals.......

After looking at some of their programs, I'm not surprised that they bailed.....

doc