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Vauxhall tests personal lease plan revival

Vauxhall has dusted off a personal lease product and trialled it with selected dealers with a view to network roll-out later this year.

The scheme had been withdrawn a few years ago but GMAC says it could be revived. “We need dealer feedback, but in the future, ownership won’t be in people’s minds any more,” says GMAC UK managing director Theo Kortland.

Forest Gate in Corby has been using the product without advertising support and clocked up 35 contracts in its first month. It believes it addresses issues over residual values on fixed-term finance.

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