Just a week after announcing it would discontinue leasing in New York, Ford Motor Co.’s Ford Credit financing arm says it also will quit the practice in Rhode Island. (See related story: Ford Credit No Longer Leasing in New York) Ford Credit cites the state’s vicarious liability law, which holds leaseholders responsible for damages in accidents involving leased vehicles, as the reason. “We realize that the Rhode Island legislature is considering legislation that would remedy the ...
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