Daimler, BMW Reduce U.S. Leasing Businesses

Daimler AG and Bayerische Motoren Werke AG reduced their leasing businesses in the U.S. last year because they were unprofitable, Handelsblatt reported today, citing BMW sales chief Ian Robertson and Daimler sales chief Joachim Schmidt.

Daimler reduced the share of cars sold through leasing contracts to 50 percent, from 70 percent in 2008, and BMW lowered the percentage to less than 50 percent, from 60 percent, the newspaper said.

Both companies are optimistic that they can increase U.S. sales this year, Handelsblatt cited the managers as saying.



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pennfootball - 1/15/2010 9:51:58 AM

+2 Boost

Aww does this mean my secretary making 25 grand a year can no longer get a 3-series for 350 bucks a month?

2ndbimmer - 1/15/2010 10:08:44 AM

-2 Boost

Sure she can. If she puts down enough money. It all depends what state you live in if leasing is lucrative or not. In Illinois, it sucks. Indiana is much cheaper. Illinois, you pay the full tax amount on the selling price of the vehicle (8%). In Indiana, for example, the only tax you pay is a monthly use tax of 5% in some counties.

pennfootball - 1/15/2010 11:07:50 AM

+1 Boost

SO YOU ARE THAT GUY!! LOL

Whelan - 1/15/2010 10:38:54 AM

+2 Boost

So now you can only own a BMW or MB for $1000 a month for 96 months with a $10,000 down payment. Damn! I was hoping to drop $6,000 and pay $800 a month for 36 months and 12,000 miles a year.