Ford Motor Co.’s financing arm, Ford Credit, says it will cease leasing Ford, Mercury and Lincoln vehicles in New York after July 9 due to the state’s vicarious liability law. The law, which holds finance companies accountable for the accidents of their lease customers, has been the subject of much derision amongst leasing companies. (See related story: Honda Finance to Suspend Leasing Operations in Three States) Ford Credit says the failure of the New York state legislature to reform ...
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