Stung by bad forecasting and an oversupply of used cars, automakers are offering fewer lease deals and some banks are getting out of the leasing business altogether, according to USA Today.
Leasing has been profitable for luxury brands. Then, in the mid- to late '90s, automakers began offering lease deals on lower-priced cars and trucks, luring buyers with deals like $199-a-month payments. But the popularity of leasing has meant a glut of late-model used cars and trucks as 2- and 3-year-old vehicles come off lease.
