Leasing with GM Financial
THE RIGHT LEASE by GM Financial
RIGHT
VEHICLE.
THE RIGHT TIME.
consider the right lease for your next vehicle.
Whether it’s a Chevrolet, Buick, GMC or Cadillac, with The Right Lease by GM Financial, you have options.
And, with a lease, you’re not as constrained by overall price of the vehicle as you would be when buying, because you only pay for what you use.
IS LEASING RIGHT FOR YOU?
More and more people are discovering the advantages of leasing. Whether it is the appeal of lower monthly payments or the opportunity to drive a new vehicle every few years — many drivers are exploring the possibility of leasing their next car, truck or SUV.
Leasing offers affordable payments with shorter terms. This lets you:
- Consider vehicles that have more options
- Trade in your vehicle for the latest model more frequently
- Have peace of mind since most lease terms are within the factory warranty period
"SHOULD I LEASE?" CHECKLIST
Review this helpful checklist to see if leasing your next vehicle is right for you.
- Consider vehicles that have more options
- Trade in your vehicle for the latest model more frequently
- Have peace of mind since most lease terms are within the factory warranty period
BENEFITS OF LEASING
- Less money up front: A lease typically requires less money up front than traditional auto loans.
- Protection from potential negative equity: Avoid the risk that your vehicle’s value has declined beyond its projected residual value.
- Virtually worry-free driving experience: Most lease terms are within the factory warranty period* helping you avoid costly repair bills.
- Affordable payments with shorter terms: More bang for your buck. Consider newer models with more options!
STILL HAVE QUESTIONS?
Here are some frequently asked questions about leasing and their answers.
Q. What are other benefits of leasing?
A. With a lease, payments may be lower than purchasing the same vehicle, since you only pay for the portion of the vehicle you use over the term of the lease. You can consider vehicles that have more options; trade in your vehicle for the latest model more frequently; and, align the lease term to the vehicle warranty period for greater peace of mind.
Q. Does leasing require less money up front?
A.The down payment amount for leasing a vehicle varies based on the lease transaction structure and monthly payment you desire, but generally, may be lower than buying.
Q. With a lease, am I protected from possible negative equity?
A. With a lease, you avoid the potential risk that your vehicle’s value has declined beyond its projected residual value at the end of your lease term.
Q. What happens at the end of a lease?
A. At the end of term, you have the option to purchase the vehicle or turn it in, subject to the terms outlined in your lease agreement.GM Financial will communicate with you prior to the end of your lease to guide you through the end of lease process.
Q. Is leasing right for me?
A. Leasing may not be for everyone,but for many it’s the right fit.
TOP REASONS TO LEASE
PAY FOR WHAT YOU DRIVE
You only pay for the portion of the vehicle you use over the term of the lease.
LOWER DOWN PAYMENTS
Down payments are lower depending on the contract and the monthly payment you want.
LOWER PAYMENTS
Monthly payments may be lower than purchasing the same vehicle.
NEWER, SOONER
Drive a new vehicle every two to four years with all the new tech and design updates.
LEASE LUXURY
For the same monthly payments as buying, you may be able to lease luxury.
PAY LESS TAX
Don’t pay sales tax on the entire value of a vehicle! Only on the portion that you use.
WARRANTY WORRILESS
Many lease terms are the same length as the manufacturer’s warranty. Check with your dealer to see.
OPTION TO BUY
Love your lease? At the end of your lease, you have the option to buy!
PAY-OFF PROTECTION
If your vehicle is a total loss or stolen,gap coverage helps, in most cases,pay off your vehicle when insurancedoesn’t cover the full loss.
WEIGH YOUR OPTIONS.
Don’t know if you should lease or buy? Weigh your options and decide if buying or leasing works best for you.
LEASE
Leasing offers affordable payments with shorter terms
This lets you...
- consider vehicles that have more options
- get closer to your desired trade cycle
- have peace of mind since most leased vehicles are within warranty period*
Leasing offers options at the end of your lease
If the vehicle is worth more than the residual:
- Exercise purchase option and keep it
- Exercise purchase option and sell it
- Apply equity to the next vehicle
If the vehicle is worth less than the residual:
- Drop off the keys and walk away
BUY
Conventional loans typically require longer terms to reach affordable payments
This could...
- limit your ability to trade into a newer vehicle when you want to
- Impact the amount of time it takes to reach an equity position
Conventional loans offer obligations when you trade
- Assume all of the risk for unexpected depreciation
- Unknown mileage expenses
- Must pay the total cost of using the vehicle regardless of the value (being ”upside down”)
