Having eliminated the possibility of leasing, Chrysler’s financial wing is launching a new range of incentives designed to entice customers into purchasing vehicles.
At the heart of the program, touted as the “Shop ‘Til You Drive” event, are new 72-month finance deals.; Available on most Chrysler, Dodge, and Jeep vehicles, the program reportedly allows payments similar to a 36-month lease, albeit customers retain ownership of the vehicles.
That ownership issue is the key reason for Chrysler Financial’s exit from the leasing business.; With droves of customers abandoning large trucks and SUVs in favor of smaller vehicles, the financing wing is stuck with hordes of vehicles that have substantially depreciated in value and can’t be re-sold.
Customers who insist on leasing Chrysler vehicles can continue to do so, albeit through a different financial institution (i.e. banks, credit unions, etc.).; Such customers are still eligible for cash rebates totaling up to $2000, depending on the vehicle selected.