GM Finally Leasing Cars Again
GM has announced they will begin leasing cars again, albeit in a limited fashion.
Last year, GM terminated its leasing program due to the credit crunch. This had cost them dearly since 17% of their sales had historically gone to leasing.
Now GM will be testing the waters again by introducing lease programs through the end of August in five states: New York, New Jersey, Connecticut, Michigan, and Ohio.
The only cars available for leasing are:
- 2009 Cadillac CTS
- 2009 Chevrolet Malibu
- 2009 Chevrolet Traverse
- 2010 Cadillac SRX*
- 2010 Buick LaCrosse
- 2010 Buick Enclave
- 2010 GMC Acadia
- 2010 Chevrolet Equinox
Depending on how this leasing program goes, GM may decide to take it nationwide next month.
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About: Gregg Fidan
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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