LeaseTrader.com on ABC 7 News

Dec12

LeaseTrader.com on ABC 7 News

TV COVERAGE | By | |
Congress was unable to pass the $15 billion emergency relief funds through for the auto industry because of the Union’s unwillingness to cut wages. As a result, GM and Chrysler are now ever more closer to filing for bankruptcy. Ford, although still treading on thin ice, is not as dire as GM and Chrysler are. If anything, Ford is simply asking for what amounts to an emergency line of credit just in case it needs it.

Detroit and lawmakers are running out of options. The next push will be for the White House to try and tap the Troubled Asset Relief Program ($700 billion rescue plan) to try and provide the necessary emergency relief funds for Detroit. But the White House will have plenty of challenges if it tries to go this route since the majority of American taxpayers aren’t big on using TARP to help bail out Detroit.

If anything, change is still sorely needed for the industry. But for consumers, LeaseTrader.com is leading the way to help change the leasing industry by offering an inexpensive option for getting out of a lease you can’t afford.
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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



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