Chrysler Financial Returns to the Lease Market in New York

* Popular Chrysler, Jeep(R) and Dodge Vehicles Available for Leasing * New York Consumers Gain Leasing as an Option Once Again

FARMINGTON HILLS, Mich., Aug. 10 -- Chrysler Financial, a business unit of DaimlerChrysler Services North America, announced today it is returning to the vehicle leasing market in the state of New York beginning August 10, 2005. With the signing of the federal transportation bill into law by President Bush, New York's lessor vicarious liability law is eliminated.

Leasing companies, under New York's law, are held responsible for personal injury and property damage caused by the driver of a leased vehicle, regardless of the fact that the leasing company has absolutely no control over the use or operation of the vehicle. Under the proposed new federal law, lessor vicarious liability is eliminated.

"We are pleased to be able to offer the consumers in New York the same vehicle leasing products and services that we offer to consumers in the other 49 states," said William F. Jones Jr., Vice President -- Chrysler Financial. "Chrysler Financial, along with the New York State Automotive Dealers Association and the Alliance of Automotive Manufacturers, is supportive of this new consumer-based legislation."

Chrysler Financial's return to leasing provides consumers with more options. Chrysler Financial ceased vehicle leasing in the state of New York in May 2004 as a way to combat the risk, however, it in no way reflected a long-term business solution.

About Chrysler Financial

Chrysler Financial offers a complete line of world-class automotive financial products and services for both dealers and consumers of Chrysler, Jeep(R) and Dodge vehicles. In 2005, Chrysler Financial continues to offer vehicle wholesale and retail financing, fleet management and lines of credit to all 3,900 Chrysler Group dealers. As an industry leader in support technology, Chrysler Financial provides its dealers with innovative and efficient methods of doing business.