Money is cheap, sales are hot and if customers want to lease their vehicles, no carmaker wants to get left behind.
Leasing, which had fallen off a cliff for mainstream manufacturers since 2008, is rebounding, capturing about 20 per cent of the new-car market in Canada.
So strong is the rebound, it’s even attracted a company that previously did not do lease financing.
SCI Lease Corp., a subsidiary of SCI Marketview, is now the sole, national leasing provider for Fiat Chrysler Automobiles.
Alan Bird, SCI Marketview president, said the move came around largely by identifying an opportunity, a chance to fill a void in FCA’s marketing plans and provide a crucial component to dealers.