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Discussion Starter #1
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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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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