How Many Different Angles Can The Financial Industry Be Hit?
Here another way the financial industry is going to be hit that I had not thought about, through expiring leases. There are 800,000 vehicles coming off lease at an average value of $6k less than what was projected when the leases were signed 4 years ago.
Those big SUVs are selling for less than half price at only 2 years old.
It looks like about $15 billion in lease losses is coming over the next three years.