Last Thursday rumors began circulating that GM was gearing up to begin leasing select models again thanks to their new restructuing plan.

Well, today the official announcement has been that GM will in fact start leasing Buick, GMC, Chevrolet and Cadillac vehicles thanks to a new financing deal with US Bank. The leasing program is currently only in a testing phase and will run through August 31st in Connecticut, New Jersey, New York, Michigan and Ohio.

The models that will be made available for lease are the Chevrolet’s Malibu, Traverse and Equinox, Cadillac’s CTS and SRX, Buick’s Enclave and GMC’s Acadia.

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While all major automobile retailers saw big losses in December of 2008 when compared to 2007, GM saw the smallest loss of any of the Big Three American due largely to the success of the Chevrolet Malibu and the Buick Enclave. The Chevy Malibu is a moderately-priced mid-sized sedan with clean lines and a decent EPA fuel efficiency rating of 22 MPG in city and 30 MPG on the highway. The Buick Enclave is a larger, more upscale crossover vehicle that is bigger than a station wagon but smaller than an SUV and comes in with a mileage rating of 16 MPG in the city and 20 MPG on the highway.

The Chevy Malibu retails for between $19,000 and $22,500 depending on the trim package, while the Enclave goes for between $32,800 and $37,000. Even with the Big Three suffering under the weight of a worldwide credit crunch, some American buyers are remaining loyal to their favorite American brands.

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