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.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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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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