• Jul 29, 2009
Cadillac CTS - Click above for a high-res image gallery

Just in time for the weekend, rumor has it that General Motors and GMAC plan to crank up the leasing machine again on August 1. When GM stopped the practice last year, leases made up 20% of its business, but was costing the General money hand-over-fist. Dealers have continued to lease on their own, through outside banks, but the volume of cars leaving the lot as lease deals is "negligible".

The most either company would say on-the-record is that they are looking at ways to get back into it. GM is said to have spoken to several banks – not just GMAC – to gain a solid position. GMAC, now a bank holding company, is also one of Chrysler's partners; with credit slowly opening up and resale values slowly rising, it's not a bad time for the company to take steps toward leasing again.

For the moment, the only car mentioned for lease availability is the Cadillac CTS, as the luxury segment is traditionally the most lease-heavy.



[Source: Wall Street Journal]


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    • 1 Second Ago
  • 18 Comments
      • 5 Years Ago
      yawn...GM gets back into fleasing...after GM screwed their shareholders, bondholders, and others.

      Here's a novel idea...no need to lease or get a loan if people would actually pay for their vehicle upfront!
        • 5 Years Ago
        Whaaaaa!! Quit yer whining..
      • 5 Years Ago
      How many dollars did GM screw you out of when they filed bankruptcy, Mr. Oak? Do you do business with a company that doesn't honor its commitments to you? Do you pay cash for your vehicles or do you live in the former-fantasy-world of "buy now, maybe pay for later"? I'll bitch about GM if I want to.
      • 5 Years Ago
      Goodbye resale value.
        • 5 Years Ago
        Every other luxury carmaker can thank leasing for at least 1/3 of its sales.

        FAIL.
        • 5 Years Ago
        Leasing is very attractive to companies who offer as a perk. Leased company vehicles are 100% deductible including gas and tires (minus personal use). This is why 60% of MB and BMW cars are leased.

        If a company buys a car they can only write off 22k of the price over 5 years.
      • 5 Years Ago

      Resale value is a figure FOR IDIOTS too stupid to remember that cars aren't investments.
        • 5 Years Ago
        Yes, it's RETARDED to try to mitigate your losses. Go America!
        • 5 Years Ago
        Exactly.

        The only cars that appreciate are bought with cash. Cars like the Ford GT, Ferrari Enzo and Bugatti are all paid in cash.

        If you can afford a car the will appreciate in value over the next 35 years you don't need financing.
      • 5 Years Ago
      This makes a lot of sense because all the other luxury makers and near-luxury makers are doing this. For example, you can get a BMW 3 Series for $400 per month with $2,700 due at signing. To lease a CTS you need close to $5,500 and that only gets you a $430 per month payment.

      That is according to a Cadillac dealer in this weeks Automotive News.
      • 5 Years Ago
      somhow I find the standard CTS better looking and the -V
      i'm not diggind that grillon the V that's for sure

      hot car and I want the wagon in my garage
        • 5 Years Ago
        It's the grill. I dislike the V design, much prefer the 'standard' CTS look.

        I've been wanting the wagon since the day I saw it -- the lease is just the icing on the cake, because lets face it, 3-4 years from now I'll want a new toy anyway.
      • 5 Years Ago
      I must have missed the press release about GM planning to build luxury cars!


        • 5 Years Ago
        My thoughts exactly!

        GM = luxury? HA!
        • 5 Years Ago
        And start a new financial division...
        • 5 Years Ago
        Even if I don't agree with the sentiment, this is a funny comment.
      • 5 Years Ago
      Now that Caddie is leasing again I can sleep at night.
      • 5 Years Ago
      In order to compete in the luxury car market you need to lease. In certain parts of the country leasing is a very important part of the business. I recently leased a 2009 Infiniti G37x and I would have considered leasing the Cadillac CTS except Cadillac wasn't leasing through GMAC so I didn't even bother going to test drive it.
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