no more leasing in NY - Honda Motorcycles - FireBlades.org
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post #1 of 4 Old 07-11-2003, 11:03 AM Thread Starter
 
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Re: no more leasing in NY

I caught a little blurb on the news last night...let me see if I have this right.

you cannot lease a FORD OR GM in NY anymore because people that are getting into wrecks are sueing the leasing companies. WTF...are you kidding me?

anyone know more on this?

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post #2 of 4 Old 07-11-2003, 11:52 AM
 
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Re: no more leasing in NY

AFAIK, the settlements from car accidents beyond what the leaser had insurance for was defaulted back to FORD/GM/etc because the company technically still owned the car. It was costing those companies millions. So they decided 'screw this' and decided not to lease anymore. I believe they're 'rewording' new contracts so that they can lease cars again, but with no liability for FORD/GM.
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post #3 of 4 Old 07-11-2003, 11:57 AM Thread Starter
 
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Re: no more leasing in NY

thats good, I was going to say...how are people going to be able to afford 24' rims if they are not leasing! hahaha

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post #4 of 4 Old 07-11-2003, 9:04 PM
 
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Re: no more leasing in NY

bling bling yo!

LETS ROLL
PRACTICE HOW YOU PLAY
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