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  • As Goes GM, So Goes U.S. Government Credit [View article]
    "The majority of cars are sold on a three year lease." That statement is absolutely mind-numbing. Put down the crack pipe.


    On Jan 04 08:21 AM casey00001 wrote:

    > Rakesh, you are forgetting one important factor. The majority of
    > cars are sold on a three year lease. When the lease is up, people
    > usually secure another car again on a three year lease. Now there
    > is credit available to do that. So your statement "the last thing
    > they are worried about at this juncture is a new automobile." doesn't
    > have any validity. When the lease is up they are going to get a
    > new car. That is how American's shop for cars now a days.
    Jan 04 13:14 pm |Rating: 0 -1
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