ChryCo NA Sales Veep Steven Landry tells the media not to worry about the company's exit from the lease business. Cause every little thing's gonna be all right. Here are his four little birdies, verbatim [TTAC comments in brackets].
1) Chrysler's dealers are still able to offer customers lease financing arrangements with other financial institutions, separate from Chrysler Financial. [ED: This on the very same day Chase Auto Finance announced it's withdrawing financing for Chrysler vehicles.]
2) Current vehicle owners, Chrysler employees and retirees with leased vehicles through Chrysler Financial will not be affected by this shift, and the terms of their contract will remain in force. Chrysler Financial will continue to support and service current Chrysler, Jeep and Dodge lease and balloon-contract holders. [So no repo man... yet]
3) Should current lessees purchase their existing lease vehicle, or a new Chrysler, Jeep or Dodge vehicle at the end of their existing lease, Chrysler Financial will waive the disposition fee. Chrysler is also offering a loyalty bonus of up to $750 incremental to most other incentives with the purchase of a new vehicle. Chrysler wants to keep these customers in our family! [when a press release throws a spear (!) you know they're desperate]
4) Chrysler employee lease/company car programs for current and retired salary Chrysler employees, in which vehicles are obtained through the company, are not affected. [translation: our execs will continue to get cheap cars]