The days of renting a brand new car over the span of several years appear to be waning.
Recent news reports that major automakers and banks alike are steering business practices away from leasing vehicles.
The blame rests mostly in the fact that people aren’t interested in luxury vehicles, trucks or sport-utility vehicles much anymore.
Loosing the Lease
These segments dominated the leased-car boom of the 1990’s into this century.
No longer, gas prices and the economy changed that, and fast.
The Washington Post reported in August 2008 that General Motors and Chrysler were scaling back or re-directing their leasing operations.