Automotive Lease Guide and Edmunds.com Collaborate to Provide Decision Tools
Automotive Lease Guide (ALG),
and Edmunds.com (www.edmunds.com ), a
consumer resource for automotive information, announced May 23 a
collaboration to provide consumers 'Lease Versus Buy' decision tools.
According to ALG they have agreed to supply lease residual values for inclusion in
Edmunds.com's Financial Calculator Suite, a set of tools launching on the
Edmunds.com Web site on June 12 to help consumers decide how to finance their
next vehicle.
"The automotive leasing industry regards ALG as the standard for
residuals, so we are thrilled we will be able to incorporate their information
into our useful consumer tools," said Bob Kurilko, vice president of Product
Development and Marketing for Edmunds.com.
In addition, Edmunds says it will provide ALG with True Market Value (TMV)
prices, which ALG will incorporate, along with other automotive data, into
their processes to forecast residual values. According to the company, financial institutions use ALG
residuals as the benchmark to set their lease rates.
"The new vehicle transaction pricing environment is extremely challenging
to predict and having access to Edmunds' TMV pricing will be valuable," said
Raj Sundaram, president of ALG.
About Automotive Lease Guide
Automotive Lease Guide, a privately held company in Santa Barbara,
California, claims to provide residual values,
analytical data products and consultation to the automotive Industry.
About Edmunds.com, Inc.
Headquartered in Santa Monica, CA, Edmunds.com provides third party automotive
information, tools and services for consumers. Edmunds.com says their True Market Value products inform the general public of the
actual transaction prices of cars and trucks while Edmunds' Powershopper offers car shoppers the opportunity to research and pursue online and offline
purchase options.
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