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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It’s no secret that GM was hit extremely hard by the economy, so hard in fact that they had to put a halt on all of their leases.

That halt may soon be over as the Wall Street Journal reports that GM is gearing up to begin leasing cars again as early as next month. This would probably be a smart business decision for GM considering the economy is finally starting to stabalize (knock on wood) and the fact that leases made up 20% of GM’s revenue last year.

Further reports suggest thatGM will be looking for other financial institues to help with leasing rather than GMAC.

Read (WSJ)

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