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REPORT: GM to resume leasing luxury vehicles on Aug. 1

by Jonathon Ramsey (RSS feed) on Jul 29th, 2009 at 5:02PM

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... Read More

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