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Auto Lease Deals on Rocky Ground: The effects of inflated residuals on securitizations and the used-car mart

It could be a slippery road ahead for existing auto lease-backed securitizations, thanks to inflating residual values of cars that are coming off three-, four- and five-year leases originated in the mid-1990's.

According to Joe Astorina, an analyst at Fitch IBCA, inflated residual values set by the lessors at...

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