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General Motors goes back to car leasing: A sad day for consumers

Posted Jul 29th 2009 3:40PM by Zac Bissonnette (RSS feed)

Back in August of 2008, General Motors pulled out of car leasing altogether, citing slumping demand, declining resale values, and financing problems. Now the company, in partnership with GMAC, is planning to reenter the leasing market on August 1st of this year.

The Wall Street Journal reports that the final plan is still being worked out, but the Cadillac CTS, "which competes in a luxury market that is heavily dependent on the availability of lease deals," is likely to be among the models included in the leasing line-up.

Continue reading General Motors goes back to car leasing: A sad day for consumers

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