GM is slowly, but surely getting back into the car leasing business. The Cadillac STS scored the best car lease deal for the December, 2009 Monthly Car Lease Ratings. For January 2010, GM has added some attractive lease offers on the Buick and Chevrolet. I thought it would be fun to feature the latest GM car leases and rate them. While it is good to see General Motors leasing cars again, I am not real crazy about their GM Loyalty program. On their top car lease deals, GM is offering an extra $1,000 off to current GM customers. While this may seem like a nice way to reward the loyalty of returning General Motors customers, what kind of message does it send to the prospective Cadillac, Chevy or Buick shoppers who are considering one of their cars for the first time? It might be enough to dissuade potential new customers from trying their cars. After all, $1,000 makes a big difference on a short lease term, which brings me to the next problem. All of the General Motors car lease specials are based on a 39 month lease term. As I’ve mentioned before, I’m not crazy about lease terms that go over the standard 12-month periods. When the third year (36 month) is up you will have to pay for the car’s registration again, only to turn it back into the dealer 3 months later. Then, of course, you will have to pay registration on the new car you buy to replace it. Never the less, these are some pretty good car lease offers. Below, you will see how the GM Loyalty Option affects the outcome. Honors for the Best Car Lease Offer of the group belongs to the 2010 Cadillac CTS Luxury RWD Sedan with the GM Loyalty Rebate of $1,000. As you can see, non-GM owners will have to pay an extra $1,000 down at lease signing, which results in an average monthly payment that is $28.00 higher. Based on my LVR Car Lease Ratings Formula, this drops the ranking down from excellent to fair. This is hardly a way to entice former Lexus, Acura, BMW and Mercedes owners into trying a Cadillac.
GM Car Lease Rankings