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Author: jeffirving One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 70807  
Subject: Mo. Payment Buyers Date: 4/26/2004 8:15 AM
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There was a column in The Washington Post over the weekend about the increasing number of car lease financing deals written solely to get down to a certain monthly payment which the buyer had in mind. The corollary piece was that these buyers were going farther and farther out on the term of their financing, and were going upside down in the deals to an ever-increasing extent.

So here are some general interest questions:

1) What percentage of car sales are lease deals nowadays?

2) In the Washington area, for example, how many high-end cars are leased, eg. BMWs, Audis, MBs, Lexus and Infiniti? How about a similar guesstimate for Accords, Civics, Jettas, Sentras, Camrys and Corollas?

3) Assuming more and more buyers end their leases upside down, and subsequently roll that amount into the next lease, and so on, does that imply a big brick wall out there at some point in the future?

Any other thoughts, comments...?

(This query by an old-timer who's never financed or leased any vehicle...)
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