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SAAB ANNOUNCES AVAILABILITY OF GMAC SMARTLEASE

 SAAB ANNOUNCES AVAILABILITY OF GMAC SMARTLEASE
 ORANGE, Conn., Nov. 13 /PRNewswire/ -- Saab Cars USA, Inc. and


General Motors Acceptance Corporation (GMAC) have entered into an agreement which will allow Saab dealers to offer GMAC's SmartLease to qualified Saab lease customers, effective Dec. 1, 1991.
 According to Kenneth F. Adams, vice president, finance and administration, Saab Cars USA, Inc., "The availability of GMAC's SmartLease program for Saab dealers is another example of the powerful synergy derived from the creation of Saab Automobile AB."
 Saab Cars USA, Inc. is a subsidiary of Saab Automobile AB, Trollhattan, Sweden. Saab Automobile AB is a 50/50 joint venture between Saab-Scania AB, Sweden and General Motors (Europe) AG, Switzerland.
 Adams further noted, "With the GMAC SmartLease, Saab dealers will be able to offer consumers even greater latitude to tailor lease agreements to their best advantage."
 GMAC's SmartLease, is recognized for its flexibility, which allows Saab lessees to design their own monthly payment plant to satisfy their individual budgets as a function of the down payment amount. In addition, the SmartLease is known to be easy to comprehend, which helps consumers understand the terms of the agreement and thereby avoids unanticipated charges or discrepancies at the end of the lease. GMAC's SmartLease provides what's known as "Gap Protection," which, in the event that the vehicle is stolen or destroyed,


covers the Saab lessee's financial liability, if any, remaining after insurance settlement.
 Saab 9000 and 900 automobiles are sold and serviced by 317 authorized Saab dealers throughout the United States.
 -0- 11/12/91
 /CONTACT: Steven Rossi or Karin Nobile of Saab Cars USA, Inc., 203-795-7704/ CO: Saab Cars USA, Inc.; General Motors Acceptance Corporation ST: Connecticut IN: AUT SU: SM-KW -- NY084 -- 3638 11/12/91 17:01 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 12, 1991
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