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AutoBlog: Officially Official: Chrysler resumes leasing

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Filed under: Car Buying, Chrysler, Dodge, Jeep


It's been well over a year since you could lease a Chrysler, Dodge or Jeep vehicle, but as of tomorrow, that will all change. Chrysler LLC has announced it will once again offer leases on all 2010 model year vehicles through GMAC beginning Thursday, September 17th.

You may recall that leasing was one element among many that contributed to a downward spiral of events leading to Chrysler filing for Chapter 11 bankruptcy earlier this year. The crux of it was that many vehicles were being returned at the end of their leases with a value far lower than what automakers were expecting. The difference between what they thought these vehicles would be worth at the end of their lease and what they could actually be sold for was money out the window.

In addition to the return of leasing to Chrysler dealers (what's left of them), the automaker has announced additional incentives for the remainder of September including up to $4,500 of Consumer Cash or 0% financing for 72 months on select 2009 MY vehicles, up to $3,000 of Consumer Cash on select 2010 MY vehicle and $1,000 of Owner Loyalty Bonus Cash for current Chrysler vehicle owners on all 2009 and select 2010 MY vehicles.

[source: Chrysler | Photo by Scott Olson/Getty]

Continue reading Officially Official: Chrysler resumes leasing

Officially Official: Chrysler resumes leasing originally appeared on Autoblog on Wed, 16 Sep 2009 16:29:00 EST. Please see our terms for use of feeds.

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