GM Finally Leasing Cars Again
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 No-Haggle, CarsDirect, and NADAGuides 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
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid