Car finance leasing market down

Thu, 13 Dec 2007



According to recent reports in America, despite the growing popularity of car leasing, with lower interest rates the car leasing market could become less attractive as borrowers seek to own their own vehicles using car finance loans . Troubled manufacturers in America are also said to be encouraging consumers to by with cashback offers and further incentives.

Payments on a car leasing program are usually lower than that on a car finance loan . Car leasing payments are calculated on the purchase price minus the residual value at the end of the term. The American economy has been troubled lately, with the sub-prime mortgage lending crisis forcing the Federal Reserve to cut interest rates . Lower interest rates means cheaper financing, and despite reports of rising delinquencies on US car loans, this could drive a decrease in the leasing market.
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