As a separate company from General Motors, General Motors Acceptance Corp. will be able to offer more lease options to dealers, a GMAC spokesperson told Automotive News.

GM hopes the sale of 51 percent of GMAC will restore the finance unit’s credit rating to investment grade. The deal is expected to close in the fourth quarter.

GM-sponsored marketing incentives, such as lower interest car loans, will continue with GM subsidizing the difference in loan financing. The company hopes that a better credit rating will result in a lower cost of capital and better financing options for dealers and customers.

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