Chevy leases $1.4B in new assets

Buying out a $1 billion lease at a discount to its original asking price will make the Detroit automaker one of the most valuable automakers in the world. The deal also includes a $2.4 billion buyout of basecamp leases for lease buyouts, a $750 million buyout for its rental vehicle business, and a $300 million buybackRead More

Chevy leases lease deals for the ‘next 10 years’

In a sign of a renewed lease boom, Chevrolet on Wednesday announced plans to lease about 7.7 million vehicles to buyers who pay the maximum monthly lease payment of $3,500. That would mark the second-highest leasing record in the United States for a major automaker, and Chevy said the move would give the automaker more flexibilityRead More