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How long can I Smartlease a new Chevrolet?
The terms vary anywhere from 1 year to 3 years, with 3 years being the most common by a wide margin as it results in the most attractive payments.
Do you know how many miles a year you drive?
You have a choice of two different mileage allowance plans or a custom plan. The first plan is a low mileage plan which is 12,000 miles per year. The next plan is 15,000 miles per year, which is the standard plan. Finally you can purchase additional mileage up front over and above 15,000 miles per year and custom tailor the lease to your driving needs, note this is subject to GMAC approval.
Why should I purchase extra miles up front?
The cost of additional mileage up front is only ten cent per mile, where as at end of the Smartlease it is fifteen cent per mile on the standard plan and twenty cents per mile on the low mileage plan.
What vehicles can I Smartlease?
Any new Chevrolet car or truck is eligible for GMAC Smartlease.
Who pays for insurance and registration fees?
You, the customer, are responsible for maintaining vehicle insurance coverage at specific levels, plus you are also responsible for all state registration fees and inspections.
What other cost could I incur with a Smartlease?
You, the customer, are responsible for all maintenance on the vehicle plus all normal wear and tear. We have a special brochure explaining exactly what GMAC considers normal wear and tear, just ask us for a copy.
What money down do I have to have to Smartlease?
This is question that depends on your definition of money down. Some dealers, excluding Dey Chevrolet, consider and advertise money down as the amount toward the Smartlease as a capitalized cost reduction, but exclude other money down that could be required. Note you are responsible for NYS sales tax on the payments on a Smartlease, you can either pay the sales tax up front or include it in the payment. It is therefore very important to qualify exactly what TOTAL money down is due at Smartlease signing. Note: GMAC may require actual money down toward the Smartlease depending on your credit rating, please see us for details.
What else should I know about Smartlease?
It is important that you trust the dealer you are about to Smartlease a vehicle from and also you trust the finance company you are doing business with. A Smartlease agreement is a contract you are entering into, so it is of the utmost importance that you understand the terms of the Smartlease agreement and you feel comfortable. We will insure you understand the terms of the Smartlease before you enter into the Smartlease agreement, not afterwards.
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