Cheap Auto Leases Really Were Too Good To Be True

Automotive leasing has dwindled to its lowest popularity in years, according to Bloomberg News. Think of it as another now-deflated, too-good-to-be-true bubble from the era of day traders and billion-dollar startups that never earned a dime: Motorists were driving shiny new sedans and sport utility vehicles whose true prices were beyond their reach.

The reason for the decline, according to Bloomberg News, isn't because consumers have grown disenchanted with leasing's low monthly payments. It's because the companies that owned and leased the vehicles had unpleasant losses as automakers raised and lowered new-vehicle

production, creating volatile used-car prices.