You find a new ride that fits your budget, sign on the dotted line and are ready to roll. In all that excitement, you may not be aware of the lease-end fees — like the disposition fee. Let’s take a closer look what the disposition fee is and why that may be important to you.
What’s a disposition fee?
A disposition fee is charged by leasing companies to prepare a returned vehicle for sale at auction.
Do I have to pay a disposition fee?
While all GM Financial’s lease agreements include a disposition fee, we’ll waive it if you stay in the GM family by buying or leasing another new GM vehicle at the end of your lease or choosing to buy your current lease.
If you’re a current GM Financial lease customer and want to review your disposition fee amount, check your lease agreement and refer to section 4. If you have questions, talk to your dealer about your options or you can always message us in MyAccount or text* LEASE to 53721.
*Message and date rates may apply.
By Eric Jordan, GM Financial
Eric Jordan is passionate about helping others strengthen their financial savvy. He also spends a lot of time strengthening his dad skills as a father of four boys. It’s not uncommon to find Eric rearranging car seats in his Yukon XL, or playing “the bad guy” to the kiddos “superheroes.”