Drivers regret Cash for Clunkers leases - Handling Hard Times : The Orange County Register: "Thousands of people who leased cars last year as part of the Cash for Clunkers program are having second thoughts and are trying to get out of their leases, reports LeaseTrader.com.
The program provided up to a $4,500 rebate if a person signed at least a five-year lease for their car.
A year later, that money has long been spent and people realize they are stuck with the car for four more years, says John Sternal, LeaseTrader.com spokesman.
'I think it's Cash for Clunkers remorse,' Sternal says, whose company helps hook up people who want to trade out of their leases with those looking for a lease.
Some drivers want out of the lease for financial reasons but for others it's just not wanting the car.
Sternal notes that a five-year car lease is a really bad deal for most people who usually lease a car because they want to drive the latest model."
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