Leasing vs Financing
GMC Leasing Vs Financing
Discover all the pros and cons leasing and financing have to offer, from the downpayment differences and milage restrictions to the monthly cost and overall commitment. Determine the perfect option for your lifestyle and budget today before exploring our new lease and finance offers. After you’ve found the perfect new or used vehicle for you, feel free to fill out our Finance Pre-Qualification Form before stopping by Alfred Matthews GMC in Modesto for a test drive!
Pros of Financing |
Cons of Financing |
|---|---|
| Ownership and ability to sell | Higher monthly payments |
| No mileage restrictions | Higher down payment |
| Ability to personalize and customize | Higher repair costs |
| No car payments once paid off | Vehicle depreciation |
| Multiple lender options |
Pros of Leasing |
Cons of Leasing |
|---|---|
| Lease payment covers only the vehicle depreciated value | Mileage limits |
| Lease payments cost less than financing | Possible excess wear charges |
| Down payments are less than financing | Limited credit building |
| Covered under the general warranty | No alterations or customizations allowed |
| Don’t have to worry about selling after the lease term | |
| Get new technology and features | |
| Multiple end of lease options |
GMC Lease-End Options
When returning your leased GMC, you have three straightforward options to choose from: trading in for a new lease, buying your current leased car, or returning your lease and walking away with no strings attached. If you’ve moved away during your lease term you can simply return it to your local GMC certified dealership.
Before Returning Your GMC
You’ll need to bring your car in for a pre-return inspection before your lease is up. The GMC lease return policy requires a pre-return inspection within 120 days of lease-end. This inspection will determine if there’s any unusual wear or use to your vehicle and identify what repairs you should make to avoid potential fees.
Lease a New GMC
If you’re ready to enjoy the latest technology, looks, and features GMC has to offer, you can trade-in your leased car for a new make or model with ease and enjoy loyalty perks.
Buy Your Leased GMC
If you’d like to keep your currently leased GMC, we’ll help facilitate a great deal on terms that work for you. Doing this will let you keep your leased car at a great value due to depreciation!
Return Your GMC
If you’re not looking to buy or lease a new GMC, you can return it at the end of your lease term hassle-free.
Leasing vs Financing FAQ
Should I lease or finance?
Choosing whether to lease or finance will depend on your budget, lifestyle, and needs. Financing allows you to buy and own whereas leasing is like renting it.
What are the pros of leasing a GMC?
- Warranty coverage
- Latest technology and stylings
- Available incentives
What are the cons of leasing a car?
- Mileage limitations
- No customizations
- Excessive wear cost
- Not an asset
- What are my GMC lease-end options?
- Lease a new GMC
- Buy a new GMC
- Buy your currently leased GMC
- Walk away hassle-free
What do GMC's lease-end processes include?
- Scheduling your inspection
- Review and make possible repairs
- Make an appointment at a dealer
- Complete a federal odometer/lease termination statement
- Pay any lease liability fees/charges
- Pay any additional charges
What are the pros of financing a GMC?
- Ownership and ability to sell
- No mileage restrictions
- Ability to personalize and customize
- No car payments once paid off
- Multiple lender options
What are the cons of financing?
- Higher monthly payments
- Higher down payment
- Higher repair costs
- Vehicle depreciation
Where can I return my GMC?
You can return your lease at any GMC dealership.
How do I prepare for my GMC lease-end?
After arranging a return date, clean and retrieve personal items from the storage compartments. You should also clear the navigation system of all saved addresses, erase programmable garage door codes, and delete all saved phone numbers. Then make sure the following equipment is present in the vehicle:
- All keys and key fobs
- Owner’s manual
- Entertainment system headphones
- Other accessories included in the lease package
- Original manufacturer wheels at the time of the lease
- Power charging cables for electric vehicles
Sales Hours
| Monday | 9:00AM - 7:00PM |
| Tuesday | 9:00AM - 7:00PM |
| Wednesday | 9:00AM - 7:00PM |
| Thursday | 9:00AM - 7:00PM |
| Friday | 9:00AM - 7:00PM |
| Saturday | 9:00AM - 7:00PM |
| Sunday | 9:00AM - 7:00PM |