USA: Ford Credit threatens to stop leasing in Rhode Island
Ford Credit on Wednesday said that it will offer its Red Carpet Option (RCO) Plan in Rhode Island in early April in response to outdated laws that hold leasing companies responsible for accidents involving their leasing customers. Rhode Island is one of only three states that have lessor vicarious liability laws that hold leasing companies liable in accidents and the laws in these three states have resulted in huge payouts by leasing companies to resolve litigation.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable