Published January 14, 2015
Chrysler Group LLC is preparing to resume auto leasing, according to a dealer briefed on the plans, more than a year after the auto maker was forced out of the business and three months after it emerged from bankruptcy.
The company plans to make a decision next week on the timing of the return, though new leases may not be offered until later in the month, according to the dealer. Chrysler spokeswoman Kathy Graham said the automaker is seeking to return to the leasing business. "We are actively investigating that market but we don't have anything to announce today," Ms. Graham said.
Chrysler, which merged most of its assets with Italian auto maker Fiat SpA in June, is seeking to revive its business after going through a federally funded bankruptcy process that ended in June.
Chrysler now relies on GMAC Inc. for its dealer financing. It used to rely on Chrysler Financial, a finance company that was owned by the auto maker and became an independent company in 2007 for auto leases, consumer loans and dealer financing. Chrysler, as part of its bankruptcy reorganization, made GMAC its preferred lender.
GMAC recently resumed offering a consumer leasing product for select GM vehicles. The company said it is working with auto makers to evaluate options for adding a leasing option for other makes and models, including certain Chrysler vehicles, and declined to comment further.