Chrysler's Latest Metal-Moving Trick: Retiree Leases Are Back

Edward Niedermeyer
by Edward Niedermeyer

Well, we’ve been here before… about this time last year, to be exact. The Freep reports that Chrysler, which had to quit leasing for much of last year due to falling resale values and the credit crunch, is reinstating subsidized leasing for its 26,000 qualifying retirees. Under the terms of the plan, retirees could lease up to two 2010 Chrysler, Dodge or Jeep products with no down payment and free scheduled maintenance. The 36-month leases run from December 9 through June 30, 2010. According to the Freep, retirees will pay $100 per month less on average than Chrysler employees who have access to two-year leases. GMAC, which is financing the leases, is set to receive another government bailout of “less than” $5.6b on top of the $13.5b it has already received from the TARP program.

Edward Niedermeyer
Edward Niedermeyer

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  • Threeer Threeer on Dec 11, 2009

    Dan...Dan...Dan...really? I, we...the whole friggin' nation just invested a ton of OUR money into both GM and Chrysler. The time to wish for their demise (I notice that you purposefully ignore lumping GM into your call to arms) has long passed. While I'm not a huge fan of much that either company puts out (but dang, do I still long for a Wrangler), I do hope and pray with everything that I have that both companies not only survive, but thrive. Call it my misguided sense of pride in our country, but it would be nice to see both GM and Chrysler rebound (yes, even though Chrysler is now FIAT). As for allowing retirees to lease vehicles...does anybody think that reducing the lease by $100 is going to move enough metal to make a huge difference to the bottom line? Call it a bonus for having had the temerity to stick with Chrysler your entire working career...

    • Mark MacInnis Mark MacInnis on Dec 11, 2009

      No. Dan is right. The longer these parasites are allowed to live, the longer we will keep finding new ways to write "Good money after bad!" Kill Fiat-sler now! Before they leech any more money out of our China-financed, broke-a$$, over-drawn taxpayer pockets.... Anyone here besides me think it is high time to end this charade? Especially in light of the fact that our Democratic friends in Congress are about to vote to increase our debt limit AGAIN? Why do Chrysler retirees need to drive new cars that I am, in part, paying for, when I drive a 13 year old car (not complaining...I love my old reliable friend....but why should I HAVE TO FRIGGIN" PAY for subsidized leases?) Sorry. Shyte like this hammers my "ANNOY" button. Rant over.

  • Midelectric Midelectric on Dec 11, 2009

    If that Caliber in the picture above is equipped with the CVT then it surely must be stuck. I had a Caliber rental once and the wheels won't even move if you're stuck in the mud (don't ask). No chance of spinning the wheels to try and rock it out of a rut, the engine just revs up with apparently no connection to the front wheels and you can just sit there immobilized until the transmission temperature light starts flashing. I can only imagine that the Caliber would similarly be utterly useless in snow.

  • Threeer Threeer on Dec 11, 2009

    @Mark, I do agree with one of your points. That China owns us should be a matter of complete and utter national disgrace. I'd forgo alot of "nice and shiney" new stuff to eliminate this security risk. But I still think that the point has passed for us to wish the demise of Chrysler (and GM...everybody keeps conveniently dropping GM from this discussion). I'd rather see a rally of support in hopes of seeing any of our money back vs. them folding completely and us losing everything.

  • Porschespeed Porschespeed on Dec 11, 2009
    Rational Americans know that the “principle” stage is over and that we want these companies to succed, so we can get our money back. But I guess that thought it way too nuanced for the likes of Dan to realize. @Roundel, While I agree with you in theory, the hardcore reality is that GM would need 10-15 yearsor back to back record profit to pay us back. Without interest. On continually falling market share. Like it or not, GM and Fiatsler are doomed. They have a few products that could be sold at reduced volumes, but as mass market, big time players? The sun has set on their empire. The idea was to prevent the whole economy imploding at once. Now that we have (some) mechanisms in place to unwind the last 10 years in a somewhat orderly fashion, just kill them. Perhaps the Jeep/Challenger/ViperCo can be founded and survive. Just like the Cadillac/pickup/govrentalcarCo might make it. The Indians will buy 'Vette. Tractors and Leapers and Targas, oh my!