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Reasons You Should Lease Again

October 17, 2018

Reasons You Should Lease Again

With the end of your lease in sight, it’s time to start deciding what you want to do. The choice depends on what best fits your lifestyle, but there are a few key benefits to getting into a new GM lease.

Loyalty Rewards

Leasing a new GM vehicle may be a great way to save some cash. Not only are lease payments typically less than monthly retail payments, they also let you reap the benefits of your loyalty.

For example, the disposition fee, which covers the process for reselling the car, is waived when you opt to get another GM lease at lease end. The amount will vary depending upon the brand of your car, so double-check your agreement for specific details.

You can also earn points toward the My GM Rewards program. Leasing a new GM vehicle alone will earn you 20,000 points, which can be redeemed for anything from car accessories to OnStar® services. Not to mention that your dealer might be able to offer further incentives depending upon your lease situation.

New Technology and Safety

There’s nothing quite like that new car smell, and leasing means you get to experience that more often. This benefit is especially helpful if your needs have changed since you signed your last agreement.

The four-door sedan you leased two years ago isn’t cutting it for your growing family anymore? A new lease gives you the freedom to explore other cars, trucks and SUVs that might better align with your life now with just a 24- or 36-month agreement.

Plus, as technology changes, it’s not always financially possible to keep your car up-to-date if you’re buying. As a lease customer, you can take advantage of the newest technology every few years without having to invest in buying a new vehicle.

That means all of the safety features, from lane change alerts to phone notifications on your dash, are available to you. And when a new safety or technology feature becomes available, you can be one of the first to take advantage.

Lease-End Decision

When your lease agreement comes to an end, you have the option to get into a new GM lease, buy the car you’ve been leasing or turn it in.

Lease end doesn’t need to be stressful, though. You can always talk to your dealer about the options you have to figure out the best choice for you. And be sure to keep an eye out for offers.

For example, pull ahead offers give you the freedom to get out of your old lease earlier than originally planned and include financial benefits, which means you can get into your new lease sooner.

Next Steps

When it comes to getting behind the wheel of your next car, the option to lease or buy is yours.

By Allison Scott, GM Financial

GM Financial's Allison Scott is committed to steering people in the right financial direction. When she's not shifting gears at work, you can find her listening to John Mayer, cracking "dad jokes" or watching the Dallas Stars.

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