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Chrysler to resume leasing after 1-year break

Wed Sep 16, 2009 4:01 PM EDT
business, us, chrysler, leasing, chrysler-group-llc
Associated Press
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DETROIT — Chrysler Group LLC says it will return to leasing vehicles after a yearlong hiatus.

The automaker says it will offer lease options on all 2010 Chrysler, Dodge and Jeep vehicles.

The leases will start Sept. 17 and will be underwritten by Chrysler's preferred finance company, GMAC Financial Services.

Chrysler brand CEO Peter Fong says leases will give more options to consumers. The company also says it will offer special lease rates on selected models through Sept. 30.

Chrysler got out of leasing last summer when the financial markets collapsed and values plunged for vehicles coming off leases.

The new leases probably won't be as good as in the past when Chrysler used leases to move cars and trucks stacked up on dealer lots.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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