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Your lease-end process doesn't have to be stressful by any means. In fact, it's quite the opposite. There are options available to you, which we've laid out below in a simple step-by-step guide.
A few months before your lease expires, contact your local GM Dealer to set up a lease-end consultation appointment. This will ensure all of your questions and/or concerns are answered before you begin your search. At this appointment, you can take the opportunity to test drive any vehicles in our 2012 vehicle lineup.
Excess wear is anything beyond the normal wear that a vehicle endures, and can be caused by neglect, abuse, damage or poor maintenance.
You should check for excess wear - either on your own or with the assistance of your dealer - before returning your vehicle. That way, if excess wear is found, you'll be able to make repairs before returning your vehicle, avoiding excess wear charges.
Once you've returned your vehicle, it will be inspected by a third party to identify any outstanding excess wear. You'll then be able to formally terminate your lease by paying any applicable lease-end fees and taxes.
You may also have to pay a charge if you have exceeded the mileage limit that was agreed upon when you first started your lease. Please refer to your lease agreement for applicable fees, which can range from $0.10 to $0.18 per extra km.
To help you decide, we've created the Virtual Showroom. There, you're able to choose what's most important to you and identify the vehicle that has everything you're looking for.
Visit the Virtual Showroom
If you're happy with your current leased vehicle and would like to keep driving it, then buying out your lease may be the right option.
Your option to purchase price (plus applicable taxes and fees, if any) is a charge that was detailed in your lease agreement.
You can either pay the option to purchase price in full or have your Dealer assist you in setting up a financing plan.
If you decide to buy your leased vehicle, there's no need to have it inspected and you don't have to worry about excess wear or excess mileage charges.
An immediate family member or a co-lessee can also buy out your lease for the same buy-out price.
When you lease a vehicle you do not own the vehicle and therefore it is likely to have certain restrictions. For example:
GM Smart Purchase® Financing is a new and affordable financing option that is different from traditional leasing plans. This flexible loan product lets you own your vehicle, while still allowing you to return it for a predetermined price at a date agreed upon within your contract. It is a fixed rate, fully amortizing product with terms up to 84 months.
Want to learn more about this flexible financing option? Click here for more information about GM Smart Purchase® Financing.
See our entire lineup in the Virtual Showroom and search for vehicles based on body style, price, seating capacity and more.Discover our new lineup
If you're looking to purchase a new car or truck or if you'd like service for your current vehicle, our network of dealers is ready to assist you.Enter your Postal Code
Do you have questions about your ownership? Chat online with one of our Customer Care Ambassadors.Chat Now