A captive lease company is the finance division of an automaker.
Examples include BMW Financial Services, Chrysler Financial, Ford Motor Credit Co., GMAC (General Motors Acceptance Corp.) and Toyota Financial Services. Most often, attractive lease deals that use low money factors or high residual values to lower monthly payments come from these captives. When the parent auto manufacturers want to move a particular model, such subsidized lease deals are one way of doing so.
Information for this was taken from the Cars.com’s glossary, written by Joe Wiesenfelder.
Learn more
See if your question has already been asked and answered
Your question has been successfully submitted to Ask.cars.com. It will now be reviewed by our editors and we'll answer it soon if we think it's a useful question. You will be notified via e-mail when the answer is posted. Ask.cars.com tackles your questions about new cars and the car-buying process. Unfortunately we can't answer questions regarding:
Have our experts answer any of your questions about new cars.
Don't worry — we won't publish your last name or email.
