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smart Launched National Lease Program in the US

The North American division of smart today announced the launch of its first national lease program through Daimler Financial Services. The new lease program is available for all new smart models and will be offered in increments of 24, 36 and 48 months.

"Our new lease program allows customers added flexibility with financing options and allows smart customers to enjoy leasing benefits such as low monthly payments, driving a new vehicle every two-to-three years and ease of vehicle turn-ins," Jill Lajdziak, President of smart USA, said in a release.

"Given our strong residual value performance we are in position to offer the consumer this financing alternative.  This option allows consumers to have all the benefits of the smart product and excellent cost of ownership," added Lajdziak.

Qualified customers can buy a new 2009 smart fortwo coupe for $169 a month on a 36-month, 10,000 miles-per-year lease.  Monthly payment is calculated using a base MSRP of $13,335 and does not include tax, license, title, registration, documentation fees, additional options, insurance or other dealer fees.

However, customers must provide a $999 down payment, $595 acquisition fee and first month's payment at time of delivery.

"As the dedicated financial services partner we are offering a full menu of financial products designed specifically for the needs of smart drivers and the smart dealer network,"
said Andreas Hinrichs, Vice President of Marketing, Daimler Financial Services. "By launching this competitive leasing program, we are able to expand our current retail financing options and provide customers with another avenue to get into this exciting vehicle."
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