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Old 07-25-2008, 03:07 PM   #21
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I think Chrysler may have the edge here, but it's close.
I predict Chrysler will go BK before the year is out, and the other automakers will snap up the salvageable pieces........
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Old 07-25-2008, 03:08 PM   #22
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If in fact there's an ins. co. that's willing to guarantee loses on Chrysler vehicles at auction, well, they must be crazy. Can you imagine a Chrysler going through an auction at a profit. Maybe Chrysler can get them to do the leasing. (heh)
There are insurers and reinsurers willing to take the following risks:

- a hurricane hitting florida
- california having an earthquake
- a racehorse might die
- bars might get sued for serving too much booze to a patron
- brokers might get sued for lying to customers

Lease residuals are tame by comparison.
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Old 07-25-2008, 03:10 PM   #23
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There are insurers and reinsurers willing to take the following risks:

- a hurricane hitting florida
- california having an earthquake
- a racehorse might die
- bars might get sued for serving too much booze to a patron
- brokers might get sued for lying to customers

Lease residuals are tame by comparison.
Kind of like NML owning jets and leasing them to United and others at a fat premium. Although some of those jets are grounded, they made PLENTY of money.........
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Old 07-25-2008, 03:14 PM   #24
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We got out of the reinsurance business a while ago... but, as an aside, one of the funny things we had to check for was to make sure that we hadn't accidentally insured the original product or insured one of the upstream reinsurance companies.
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Old 07-25-2008, 03:17 PM   #25
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Kind of like NML owning jets and leasing them to United and others at a fat premium. Although some of those jets are grounded, they made PLENTY of money.........
*Sigh*

In 2003 or so, I watched an awful lot of life insurance executives get awfully sick of hearing about the EETCs they had bought a few years before. Fortunately, most of them seemed to have avoided the same mistake with subprime MBS this time around.
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Old 07-25-2008, 05:29 PM   #26
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BTW, GE Capital exited the leasing business (new and used) quickly after a $230 million dollar loss in ONE QUARTER several years ago...........
GE Capital might have exited teh leasing business, but GE Leasing started up. I think both are essentially the same company.
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Old 07-25-2008, 09:05 PM   #27
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Or be limited to Honda, Toyota, and Nissan vehicles...........
Aren't they collectively referred to as "the Big Three Automakers"?
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Old 07-27-2008, 06:56 AM   #28
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Aren't they collectively referred to as "the Big Three Automakers"?
They are NOW!!!
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Old 07-28-2008, 03:45 AM   #29
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except for jeep i really have to think hard about what it is chrysler makes
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Old 07-28-2008, 08:11 AM   #30
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except for jeep i really have to think hard about what it is chrysler makes
Crap, mostly.
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Old 07-28-2008, 08:40 AM   #31
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Crap, mostly.
To be exact, bad gas mileage crap.........
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Old 07-28-2008, 01:41 PM   #32
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To be exact, bad gas mileage crap.........
Jeeps are ok, but lead the league in bad gas mileage.
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Old 07-28-2008, 01:45 PM   #33
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Jeeps are ok, but lead the league in bad gas mileage.
I suppose Hummer could say that too.........great if you're offroad in a jungle, but you'll need a trailer to carry all the gas you'll need......
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Old 07-28-2008, 01:49 PM   #34
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I suppose Hummer could say that too.........great if you're offroad in a jungle, but you'll need a trailer to carry all the gas you'll need......
you're right - my 133k mileage grand cherokee gets 16 mpg. I've never checked my Wrangler (it seems like the gas runs out of it before I have a chance to figure the mileage). Thats why I'm biking to work.
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Old 07-28-2008, 02:07 PM   #35
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you're right - my 133k mileage grand cherokee gets 16 mpg. I've never checked my Wrangler (it seems like the gas runs out of it before I have a chance to figure the mileage). Thats why I'm biking to work.
But if you go offroad, I can't follow you, I would need the BIKE.........
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Old 07-28-2008, 02:08 PM   #36
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But if you go offroad, I can't follow you, I would need the BIKE.........
Dude, don't be hatin' on the Accord. I think you're underestimating its abilities.
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Old 07-28-2008, 02:21 PM   #37
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Dude, don't be hatin' on the Accord. I think you're underestimating its abilities.
They're tearing up the road outside my office, and I've nearly bottomed out twice in the Accord. I need more clearance...........
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Old 07-28-2008, 02:27 PM   #38
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To be exact, bad gas mileage crap.........
To be exact, bad gas mileage crap designed for middle class people who for some bizarre reasons want to look like gangsters.
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Old 07-28-2008, 02:39 PM   #39
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To be exact, bad gas mileage crap designed for middle class people who for some bizarre reasons want to look like gangsters.
They do look good with 20 inch chrome rims...........
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