Quote:
Originally Posted by DementedReality
no it has to do with the fact that they didnt want the cars back!
they knew they would be worth less then the residual and didnt want the risk of trying to sell their own used cars.
so a company with all the marketing and sales infrastructure doesnt want to own for resale their 4 year old car, why would I?
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Their residual value was uncertain because the car companies were heading for bankruptcy so the lenders saw too much risk.