Re: alfa-digest V7 #1378

["chris quan" <chrisquan@domain.elided>]

According to CNW Marketing/Research the percentage of cars leased in 1990 
was 8%. The peak of 34% was in 1997 and in 1999 it was 32.4% and is falling 
slightly. Leasing is much more profitable to dealers and thus the push for 
it. At the Honda dealer I worked at the salesmen got an extra $50 if they 
persuaded the customer to lease.

Chris Quan

Charlie wrote:

>Taking that a step further, a huge percentage of new cars are leased
>(probably the majority, anyone know?), and that leads directly to the
>equation: the more someone at a lender guesses the car will be worth at the
>end of the lease, the more leasable the car becomes.  Do the math: when
>shopping for a new car in the early 90s, I found the per-month lease 
>payment
>amount for a new 164, even with its terrific USA intro price of about US$
>22,000, was close to twice as much as for a Honda Accord with a price about
>US$ 3000 less.  The Honda was deemed to be worth a substantial amount to 
>the
>bank as a used vehicle when the lease was up.  The Alfa was deemed to be
>close to worthless
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