| Is SmartLease Right For Me? |
If you like driving a new vehicle every few years while enjoying low monthly payments, SMARTLEASE is probably right for you. You can lower your monthly payment even more by trading in your current vehicle. In addition, SMARTLEASE allows you take advantage of incentives, like rebates you've accumulated in The GM Card program. |
| How Can I Pay Less For My New Vehicle With SmartLease? |
With SMARTLEASE, your payment can be significantly lower than with traditional financing because you pay for the portion of the vehicle you expect to use during the lease term. Compare SmartLease with traditional financing on a new $19,000 GM vehicle. |
| Are SmartLease Terms Flexible? |
Yes. SMARTLEASE may be tailored to a term that is right for you. |
| Am I Responsible For Maintaining And Insuring My New Vehicle? |
Yes. You are responsible for all maintenance on your vehicle, such as oil changes. You can refer to your vehicle owner's manual for the recommended maintenance schedule. And like other finance agreements, you must have a valid insurance policy on the vehicle. |
| Does The New Vehicle Warranty Cover My SmartLease? |
Yes. Your new GM vehicle is covered by the manufacturer's warranty. Ask you GM Dealer for warranty details. |
| Can I Get Extra Mechanical Coverage? |
Yes. For example, the General Motors Protection Plan, available from your GM dealer, has been designed to provide a wide range of time/mileage coverage should you drive your vehicle beyond the manufacturer's warranty. |
| What If My New Vehicle Is Stolen Or Totaled In An Accident? |
You're protected. SMARTLEASE includes gap protection at no extra cost to you. It guarantees that if your new vehicle is stolen and not recovered or totaled in an accident and there is an insurance settlement, you are not responsible for any additional charges other than your insurance deductible. |
| How Can I Avoid Excess Wear Charges On My New GM Vehicle? |
Keep your vehicle in good working condition and follow the recommended maintenance schedule in your owner's manual. Your GM Dealer has the details about excess wear. |
| What If I Expect To Drive More Miles Than My Lease Allows? |
You can arrange for additional miles beyond the 15,000 mile per year limit when negotiating your lease with your GM Dealer. You'll pay less by purchasing extra miles up front, rather than at lease end. |
| Can I Return My Vehicle Before My SmartLease Contract Is Up? |
Yes. You can terminate your lease early by notifying GMAC. However, early termination charges may apply. Details of early termination are outlined in your lease agreement. |
| Can I Keep My Vehicle At The End Of The Lease? |
Yes. You can purchase the vehicle at lease end for guaranteed purchase price in your lease agreement. If you wish to take advantage of this option or have any questions, contact your GM Dealer. GMAC may also be able to assist you in financing the purchase of your vehicle. |
