There are many reasons to consider a GMC lease when the time comes for the next car or SUV. Leases can help you save money, since you’ll have a lower down payment and lower monthly payment, and you’ll have access to top new models on the market. Learn everything you need to know about the vehicle leasing process, including how to negotiate terms, at Shea Buick GMC.
Mileage Allowance
Mileage is one of the most important factors to consider when deciding on the terms of your lease. Leases have a set number of miles, which are typically calculated by year. They range, on average, from 5,000 to 12,000 miles, and you want to take care when deciding on the mileage. Mileage overage costs can really add up, and will cost more than simply adding extra miles at the start of your lease.
Term Length
Another important detail to negotiate is term length. Most lease terms last two to five years, but you want to take particularly care when deciding yours. If you don’t like the vehicle, and you want to return it early, you may be faced with significant early termination costs. It’s better to extend the term of your lease because you like the vehicle so much than to be stuck waiting to trade in.
Buy-Out Price
If you’ve fallen in love with your leased vehicle, you may decide you want to hold on it after the lease has come to an end. In this case, you’ll be able to negotiate the vehicle’s buy-out price. It’s often a better deal for the dealership to sell the lease than to try to sell the car to a new buyer, so you’ll have bargaining power to set your buy-out terms.
Find Your GMC Lease in Flint, MI
No matter what your vehicle leasing needs might be, you’ll find the support you deserve at Shea Buick GMC. We believe every driver should have access to quality, reliable vehicles, and leasing can help you save. Get started at our dealership today.
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