Amid the economic challenges that have plagued the Big Three in the past year, Chrysler had halted vehicle leasing. As new car sales declines, the automaker continued to lose money on leasing as vehicle values also plummeted. Last February, vehicle leasing had also been halted for Chrysler employees and retirees, but luckily that has officially been reversed.
Through financial services company GMAC, Chrysler retirees can now lease two 2010 Chrysler, Dodge, Jeep, or Ram vehicles for 36 months between December 9 and June 30. The restored discounted leasing program was detailed in a letter from VP of human resources Nancy Rae, and VP for network development Peter Grady.
Leasing vehicles to the public was halted last year as Chrysler became increasingly strapped for cash. With bankruptcy now behind them, Chrysler can now focus important areas of its business, including their current employees and retirees.
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Rea about the latest Chrysler incentives here.