Vehicle Leasing
Auto leasing makes getting a vehicle easier with lower monthly payments, a variety of special advantages and convenient lease-end options.
Overview
If you like driving a new vehicle every few years while enjoying low monthly payments, auto leasing could be right for you.
Auto leasing is an affordable, easy-to-manage way for qualified customers to drive the new vehicle they want. There are plenty of advantages, including:
Plus, auto leasing provides flexible terms and lower up-front costs. The length of your lease, the monthly payments and the cost per kilometre can all be tailored to your driving needs and your budget.
Choose the lease that suits your lifestyle, Regular Kilometre GMAC Lease Agreement or Low Kilometre GMAC Lease Agreement. And take advantage of options such as purchasing extra kilometres.
Easy to manage
The Purchase Price lets you know up front how much it will cost to buy your vehicle at lease end. Or you can return your vehicle and avoid resale or trade-in hassles. The security deposit will be refunded if you comply with the lease agreement provisions.
A GMAC lease features automatic gap protection which covers the "gap" between your insurance settlement and the financial obligations of your lease if your vehicle is stolen or destroyed in an accident. You are only responsible for your insurance deductible, providing you have fulfilled all of the contractual obligations of your lease prior to the accident or theft.
For more information about leasing with GMAC, simply visit your dealer or call 1 800 616-4622.
LEGALS: With a GMAC lease, the lessee does not own the vehicle. It must be returned to the Dealer at the end of the lease. The lessee may choose to purchase the vehicle for the Option-to-Purchase Price stated at lease signing.
Tax, license, registration fees (if any) and insurance are extra. Payments may be slightly higher or lower in some provinces. (Dollar amounts subject to change.) Transactions are subject to GMAC approval.
Enjoy lower monthly payments
Because you're only paying for the portion of the vehicle's value that you intend to use, GMAC monthly lease payments are typically lower than traditional financing.
| LEASE | Purchase | |
| Selling Price | $30,000 | $30,000 |
| Down Payment | $1,000 | $2,100 |
| Monthly Payment | $525 | $706 |
| Refundable Security Deposit | $575 | - |
| Amount Due at Delivery | $2,100 | $2,100 |
| Number of Payments | 48 | 48 |
| Total Obligation** | $25,725 | $35,988 |
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Get more for your money
If you are comfortable with the size of your car, truck or van payments, but would like more for your money, consider a GMAC lease. Leasing can help you get more of the features, options and luxuries you've always wanted in a vehicle...
| LEASE | Purchase | |
| Selling Price | $30,000 | $23,000 |
| Down Payment | $1,000 | $2,100 |
| Monthly Payment | $525 | $529 |
| Refundable Security Deposit | $575 | - |
| Amount Due at Delivery | $2,100 | $2,100 |
| Number of Payments | 48 | 48 |
| Total Obligation** | $25,725 | $27,492 |
| Even though the leased vehicle in the example has a higher selling price - and a lower down payment - with a GMAC lease the monthly payments are comparable. | ||
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Drive a new vehicle more often
Think about how you feel when you take delivery of a new car, truck or van. If you'd like to enjoy that feeling more often - and avoid resale or trade-in hassles - leasing can work for you...
| LEASE | Purchase | |
| Selling Price | $30,000 | $30,000 |
| Down Payment | $1,000 | $2,100 |
| Monthly Payment | $525 | $591 |
| Refundable Security Deposit | $575 | - |
| Amount Due at Delivery | $2,100 | $2,100 |
| Number of Payments | 48 | 60 |
| Total Obligation** | $25,725 | $37,560 |
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**Includes down payment. All of the payment examples are for illustration purposes only. Ask your dealer for current details, including details of any special programs. With traditional financing, the purchaser owns the vehicle. At the end of the lease contract, the lessee must return the vehicle if the lessee does not exercise the purchase option. EXAMPLES: Annual Percentage Rate (APR) of 9.90% APR is subject to change. ALL EXAMPLES: Tax, license, registration fees, provincial personal property security, duties, and insurance extra. Payments may be slightly higher or lower in some provinces. (Dollar amounts subject to change.) Transactions are subject to GMAC approval.
