Car firms tweak leases to get customers to hop in
But drivers' response to no-frills leasing plans stuck in neutral
In a bid to rev up business squeezed by loan curbs introduced six months ago, motor firms are starting to roll out no-frills car leasing plans which require lower monthly payments.
They come on the back of "traditional" leasing plans introduced as early as May to woo buyers.
But response from drivers has been lukewarm, despite advertising and marketing efforts by several firms to drum up interest.
Perhaps it is still early days, but Mr Anthony Lim, director of credit company Kenso Leasing, said: "It's the Asian mentality that... only those who can't afford to buy, lease."