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Don't forget the added cost of NY liability....
Posted by Roger [Email] (more from Roger) on Thu, 13 Mar 2003 07:27:12
In Reply to: $409 on base stick wagon good benchmark...., Mike Lynch
[Profile/Gallery]
, Wed, 12 Mar 2003 22:50:52
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Your cost may be slightly higher because of NY liability laws. Recent court decisions in NY, CT, and a few other north eastern states related to their unique liability laws have put the auto leasing companies on the hook for billions of dollars of crash liability claims. Apparently in those States the true owner of the auto (leasing company since they retain title) is liable for damages caused by any driver of the car.
Naturally this gets passed along to the leasee in higher lease rates; if you can lease there at all now.
posted by 198.208.22...
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