The decision whether to buy or lease your vehicle usually depends on your personal preferences and the specifics of your financial situation. Using traditional financing* to purchase your vehicle will cause your monthly payments to be based on the entire value of the vehicle. It also means you will own the vehicle at the end of your financing term.

When leasing, you pay only for the portion of a vehicle you expect to use during your specified lease term. For example, if you lease a $20,000 vehicle, and that vehicle’s estimated worth at the end of your lease is about $9,000 (residual value), your resulting monthly payments will be based on the $11,000 difference.

Leasing offers you the following advantages:

• A lower monthly payment
• Little to no down payment
• More vehicle for the money
• No resale or trade-in - simply return the vehicle to your dealer at lease-end
• Short lease terms enable you to repeatedly lease new vehicles
• Potential tax advantages - i.e. lease vehicles used for business can provide tax deductions

GMAC offers qualified buyers two leasing options, SmartLease™ and SmartLease Plus™. GMAC SmartLease™ has various advantages over traditional financing options:

• Low down payment
• Low monthly payments
• No resale or trade-in complications
• SmartLease contracts are conveniently arranged at your GM Dealer
• Because you’re only paying for a monthly portion of the vehicle you’re using during your lease term, SmartLease™ monthly payments are significantly lower than the traditional financing you’d receive from a bank or credit union
• You can also either return the vehicle to your GM Dealer when your lease is complete, or you may exercise your option to purchase

SmartLease Plus™

If you like the idea of driving a new vehicle every few years while also eliminating the inconvenience of monthly payments, SmartLease Plus might be right for you.

The advantages of SmartLease Plus™ include:

• One single payment Lower out-of-pocket costs than most GMAC leases
• No monthly bills
• No resale or trade-in complications
• SmartLease™ contracts can be arranged right at your GM Dealer

                        Traditional Financing:

Traditional Financing is an installment sale transaction between you and your dealer whereby you agree to pay the amount financed, plus an agreed upon finance charge, over a specific period of time.

 SmartLease™ and SmartLease Plus™ are all registered Trademarks of General Motors Corporation