Following in the footsteps of General Motors, Chrysler has returned to the vehicle leasing business. The move was first rumored last Friday, and was officially confirmed on Wednesday. Effective Thursday, September 17th, all 2010 Chrysler, Dodge , and Jeep vehicles are available for lease.
Chrysler was forced to exit the vehicle leasing business in July of 2008 after its former Chrysler Financial leasing arm was unable to secure a line of credit. Returning to leasing could bolster Chrysler’s overall sales. Since Chrysler stopped leasing, its market share has declined more than two full points.
GMAC Financial Services will now be responsible for handling all Chrysler leases.
Through the end of the month, the Chrysler Town & Country , Dodge Grand Caravan , Ram 1500 and Journey, and Jeep Wrangler and Liberty will be available with special lease rates.
