To Lease?

Leasing is an option which allows you to pay for the portion of the vehicle's value you expect to use over a period of time, plus borrowing charge and applicable taxes.

A quick look at the advantages of leasing:

• Lower monthly payments than buying.
• Drive a more luxurious model or get more features than if you financed.
• Lease terms are shorter than most finance terms so you can drive a new car more often.
• Drive a vehicle during its most trouble-free years.
• Avoid trade-in obligations.
• Choose to walk away at the end, or lease your next car.
• Pay taxes only on your monthly payment.

The down and dirty details of leasing:

Up-front costs :

May include first month's payment, a refundable security deposit, a down payment and other miscellaneous fees.

Monthly payments :

Usually lower than traditional finance payments because you're only paying for the depreciation of the vehicle over the lease term, along with the other charges (i.e. monthly tax and borrowing charges).

Annual kilometrage :

24,000 km for a typical lease. You may buy more kilometres up front or pay per kilometre over the limit at lease end.

Lease-end options :

Explore the options we offer when your GMAC lease comes to an end.

Excess wear:

Usually assessed at lease end. Ask your dealer for further details. Maintenance and repairs are your responsibility. Use our helpful guidelines to plan for a worry-free return of your vehicle.

Insurance :

Required for the amount of coverage specified by your lease.