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GM Finally Leasing Cars Again

August 6, 2009

GM 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:

* The Cadillac SRX lease is available nationwide

Depending on how this leasing program goes, GM may decide to take it nationwide next month.

My Recommendation for Car Shoppers

TrueCar and RydeShopper 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.
- Gregg Fidan

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Gregg Fidan

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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