Archive: august 1, 2008
Leases hurting luxury automakers, BMW wants you to buy
Filed under: Car Buying, BMW
The Detroit 3 aren't the only automakers feeling the hurt from lease vehicles coming back worth much less than expected. Leases account for 60% of BMW's sales in the U.S. compared to just 20% of sales in the industry as a whole. As such, BMW will begin offering incentives like never before to encourage customers to buy a vehicle instead and reduce the number of leases it has on the books. In some cases the German brand is offering loans with finance rates as low as 0.9% over five years, and of course these incentives will be aided by a commensurate raise in lease price...
View full article at "Autoblog"
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Filed under: Car Buying, BMW
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Filed under: GM, Earnings/Financials
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Filed under: Chrysler, LLC., Earnings/Financials, Lifestyle
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Filed under: Misc. Auto Shows, Australia
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Filed under: UK
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