areas in the midwest are going to shit a brick. those people mostly drive 12k or less per year and lease due to the huge incentives to do so. they are going to get some serious sticker shock when they have to pay a real payment.
the lease was a loosing situation for the dealer. in 6 years i have not seen one lease turn in in which the residual owed was less than the trade value.
if chrysler was circling the drain, wouldn't they just keep leasing? they wouldn't care about losing money in the future...
Its so they have more money in a several years possibly to bail out. Its not like they are going out of business in the next year or something.
You were being sarcastic, right? Because that may just happen. Now everyone go and buy a new Chrysler vehicle so it doesn't. Just don't go into it thinking you'll be able to lease it.
Citing “restricted access” to competitive sales financing, Fitch Ratings lowered Chrysler's credit rating farther into junk territory on Tuesday.
Chrysler’s long-term issuer default rating dropped from B- to CCC, eight levels below investment grade, and Fitch rates its outlook as “negative.” Chrysler’s bank debt rating was lowered to B from BB-.
Chrysler Financial is in the process of renewing its debt and Fitch says higher costs the company will have to pay will make it more difficult for it to offer competitive financing for retail sales.
Given the state of the market, Fitch believes alternative financial sources are unlikely to fill the gap, meaning further erosion of Chrysler sales, forcing the automaker to further curtail production. Chrysler's U.S. sales are already off 22 percent for the first six months of the year, more than twice the ten percent decline experienced by the auto industry as a whole.
Fitch says if industry sales don’t improve in 2009, Chrysler’s resources could drop below the minimum level needed to fund operations by the second half of the year. The New York-based ratings company warns “This could be accelerated in the event that suppliers or retail customers become concerned with Chrysler's financial condition and restrict trade credit or reduce retail purchases.”
right from the '09 patriot accessories brochure apparently
I was under the impression that the redesign addressed the materials used more than the look.
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Quote: Originally Posted by edgeandink
The reason they can put down decent 1/4mile times is mostly in part to the solid rear axel and its ability to hook and go. But we all know that doesnt mean crap from a dig.
then why are they selling for 25k$ over at our dealer (who has 4 of them, 2 black, an orange, and a silver)
They might be "asking" for 25k over, hoping that some sucker will come along and get greased for an extra 25k, but chances are they are not getting anywhere close to that. You can find '08 Challengers all over the place for MSRP or less.
then why are they selling for 25k$ over at our dealer (who has 4 of them, 2 black, an orange, and a silver)
Because people are dumb?
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"This car is 100% sh*ts and giggles."A car can be a tool but it can also be so much more. It can be a heart-starter, it can be a drug, it can be a piece of art and it can stir your soul.
"Speed has never killed anyone. Suddenly becoming stationary... that's what gets you." Jeremy Clarkson
Lucky for this dude, we didn't have a chance to run (we left jack in the box at the same time). Would have sucked for him to pay 20K over sticker, and get beat by a car sold 20K under sticker.
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Quote: Originally Posted by sphipps
Obviously you are not detecting the sarcasim in my posts.
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