Automakers such as General Motors, Ford and Chrysler are all eyeing a piece of the $700 billion bailout program. The carmakers are all in trouble with cash because they are burning through reserves and struggling with plunging sales on all of their cars, trucks and SUVs. People just aren't buying cars these days.
The three companies have been lobbying hard to try and get more federal money to aid in their long-term survival. If anything, the companies will be able to get some money through their finance arms, since they all have divisions to finance car programs for customers. The finance program, called TARP, would make the most sense for the carmakers.
While car sales continue to decline, LeaseTrader.com increasingly becomes a preferred method of shopping for a car, truck of SUV through its lease transfer and takeover programs, where people can transfer a car lease to someone else.
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com