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July 22, 2010

GM to Acquire AmeriCredit

To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.

Tags: AmeriCredit, General Motors, leasing, non-prime finance

February 22, 2010

Mercedes-Benz Financial Enhances Lease Turn-In Process

Mercedes-Benz Financial is enhancing its lease vehicle turn-in process, called First Class Finish, by providing new software for its dealers hand-held Dynamic PDA (personal data assistant).

Tags: leasing, Mercedes-Benz Financial

December 22, 2009

Early Lease Terminations Balloon, Says CNW

Terminating a lease earlier than its contractual length has skyrocketed in the last two years, growing from a typical 15 to 16 percent to more than 21 percent in 2009, reports CNW Market Research.

Tags: CNW Market Research, leasing, leasing contract termination

October 29, 2009

Mint Leasing Renews Credit Line of $29.2 Million

The Mint Leasing Inc., a provider of leasing services to franchised automobile dealers, announced today that it renewed a credit line worth $29.2 million with Sterling Bank of Houston.

Tags: credit line, leasing

September 16, 2009

Chrysler Returns to Leasing, Offers Additional Financing Options

Chrysler Group LLC announced it will offer a leasing option for customers on all 2010 model year Chrysler, Jeep and Dodge vehicles through Chrysler’s preferred lender, GMAC Financial Services.

Tags: Chrysler Group, GMAC Financial Services, leasing

August 6, 2009

GM Offers Leasing on Select 2009 and 2010 Models

General Motors Company said Monday it is expanding leasing by offering programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models through U.S. Bank.

Tags: General Motors, leasing, U.S. Bank

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