Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (30496)	5/20/2005 3:58:42 PM
From: MoneyPenny	Read Replies (1) of 116555

The residual value was to protect Ford, it was not disclosed to the mark...er leasee. What this insurance did was guarantee a certain price to Ford, no matter the miles on the car. They could charge for overage and send it to auction but would be guaranteed the residual value on the auto. MP

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