"As someone who starting an auto leasing company (Vanguard Credit dba Decisive) especially for used cars back in 1997, I can relate to your article. In fact, our company has become more of a consultant to lessors in recent years because of the…"
"I don't think rates like this are effective at getting customers onto the showroom floor for a couple of reasons. First, the auto buying public is pretty well conditioned to wait for "0.0%" giveaways from the manufacturers. Second,…"
"OK, but the consumer is not getting the down payment back at the end of the loan. In either case, the consumer is paying the exact same price for the car regardless of whether it is a savings account or a down payment.
Down payment: Consumer pays…"
"This is a bad deal for the consumer. David May is right. Using Marcie's example above, the consumer has to come up with $3,000 whether you call that a down payment or a savings account deposit. The question is what do we do with that…"
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