# 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:** 1\
**Showing post:** 45

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**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\
**Post date:** [August 1, 2008, 6:25am UTC](https://forums.speedlife.net/t/end-of-leasing/52335/45 "2008-08-01T06:25:35Z")

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I beleive that was GMAC as a whole:

Losses at GMAC’s mortgage lending division, ResCap, widened to $1.86 billion from $254 million, as a result of losses from asset sales. Meanwhile, GMAC’s automotive finance division swung to a loss of $717 million. The loss included a $716 million impairment charge resulting from lower used vehicle residual values, especially related to SUVs, GMAC said.

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