GMAC Expands Leasing Options to Chrysler Customers

DETROIT, Sept. 16 -- GMAC Financial Services today announced it has expanded its availability of leasing options to include Chrysler vehicles.

"GMAC is introducing new competitive standard lease rates across the Chrysler product portfolio as we aggressively expand the availability of consumer credit for qualified buyers," said Bill Muir, GMAC president. "As the preferred financial services provider for Chrysler, we are also pleased to support a lease promotion by Chrysler for its dealers and their qualified customers on select models."

GMAC's SmartLease product is aimed at the customer who wants to rotate vehicles more frequently without the need for trade-in or resale and is not purely driven by a lower payment. Interested customers should see their dealer for details.

"GMAC is back with available credit for a broad spectrum of qualified consumers, and we are delivering on our role to be part of the solution for stimulating sales in the automotive industry," said Muir. "We look forward to receiving customer applications associated with this incentive lease program or any of our other competitive retail financing options."

The Chrysler leasing promotion offers special rates through Sept. 30, 2009, on the 2010 models of the Chrysler Town & Country, Dodge Grand Caravan, and Dodge Journey.

GMAC reinitiated leasing as a viable financing option in early August in support of a lease promotion offered by General Motors on select GM models as well as with competitive standard rates on all new GM vehicles. GMAC continues to diversify its customer base as a full-service automotive finance company, providing a range of wholesale, retail, remarketing and insurance products for dealers and customers.

About GMAC

GMAC is a bank holding company with 15 million customers worldwide. As a global, independent financial services institution, GMAC's diversified business operations include automotive finance, mortgage operations, insurance, commercial finance and online banking. As of June 30, 2009, the company had approximately $181 billion in assets. Visit the GMAC media site at http://media.gmacfs.com/ for more information.