# End of Leasing?

**URL:** <https://forums.speedlife.net/t/end-of-leasing/52335>\
**Category:** NYSpeed Automotive\
**Created:** [July 29, 2008, 7:00am UTC](https://forums.speedlife.net/t/end-of-leasing/52335 "2008-07-29T07:00:51Z")\
**Posts on this page:** 2\
**Page:** 4

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [August 5, 2008, 7:26am UTC](https://forums.speedlife.net/t/end-of-leasing/52335/61 "2008-08-05T07:26:03Z")

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> [@JayS](#):
>
> But the 19 year old wanting the 7 year loan on a Slade is easy enough to laugh right out of your bank based on his risk score. Or, slap him with a double digit interest rate and high enough down payment that he’s never upside down on the truck should you need to repo it.
> 
> I think Joe’s right. There is money to be made, but more money to be made elsewhere.

I’m not saying auto loans as a whole are like this. And Joe is right that there are better places to use the capital… and that is because (in large part) of the fact that Auto lending is always neg equity… ESPECIALLY when you factor in how much & how quickly the collateral has depreciated.

You know all of this man…?

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [August 5, 2008, 7:26am UTC](https://forums.speedlife.net/t/end-of-leasing/52335/62 "2008-08-05T07:26:54Z")

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> [@JayS](#):
>
> Now all of you go join credit unions so I get a bigger profit sharing check this year. 🙂 Seriously, CU’s are doing great right now as people flock to them because their big banks are doing he knee jerk reaction to the credit crisis and refusing to offer good loans to even qualfied borrowers.
> 
> [Latest News - News Viewer - MarketWatch](http://www.marketwatch.com/news/story/americas-credit-unions-secure-strong/story.aspx?guid=%7B1BA71195-D4C2-4D71-A214-C050DC7D5C61%7D&dist=hppr)

Group saved our ass because they made a killing in Europe and Asia this quarter so I still get most of my bonus 🙂 But I think I need to go to Chicago and collect some of the money Household cost me from everyone that approved horrible subprime ARM’s and the like.

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