Auto Leasing RatesPlummet

Power Information Network which tracks trends in the automotive industry reported that August lease penetration rates fell to 13.3%. That's the lowest since 2004 and off fully 4.7% from July (26%); down 5.1% (28%) from Aug 2007. Results for individual manufacturers varied with Honda unchanged from July, GM down 7% and Mercedes off more than 16%.

Not surprisingly financing rates (auto loans) increased to 60% of all retail transactions. That's the highest since Dec 2004! Auto Remarketing: Auto Leasing Rates Dive.

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• Have good credit? Read our good credit auto loan tips.

• Have merely bad credit? Read our bad credit auto loan tips.

• Thinking of a used car? Read our used car loan tips.

Disclosure: We developed the content for SmartCarCredit™ while working with automotive industry clients. We hope you find it helpful in making informed decisions. While we believe the information to be accurate, we do not guarantee its accuracy.