GM Financial Auto Leasing Policies
The team at DSRLeasing.com is dedicated to providing comprehensive GM Financial lease information and resources for automotive lease transfers. We strive to keep our leasing company information accurate and up-to-date. If you represent a leasing company not listed or have updates, please contact DSRLeasing.com.
Lease Buyout Rules
GM Financial’s lease agreements allow the original lessee to purchase the leased vehicle at any time, but the process must be facilitated through a GM dealership. Specific restrictions apply.
- The purchase option price is specified in the lease agreement. Contact your GM dealer or GM Financial via MyAccount or at 800-436-1463 to obtain a payoff quote.
- Buyouts must be processed through a GM dealership (Buick, Cadillac, Chevrolet, or GMC), not directly with GM Financial. Customers cannot send a check directly to GM Financial to complete the buyout.
- Since July 1, 2021, third-party buyouts (e.g., by CarMax or Carvana) are not permitted. Lessees must buy the vehicle themselves and may sell to a third party after completing the purchase.
- Dealers should not charge additional fees (e.g., doc fees) to facilitate the buyout. Contact GM Financial if unexpected fees arise.
- Early buyouts are allowed but may include remaining lease payments and other fees.
- A purchase option fee may apply, as outlined in the lease agreement.
- The disposition fee may be waived if you purchase the vehicle or lease/buy a new GM vehicle.
Contact your originating GM dealer or GM Financial at 800-436-1463 to discuss buyout options and confirm the payoff amount, providing your account number or VIN.
Lease Transfer Policy
GM Financial allows lease transfers, enabling another party to take over your lease with approval, subject to specific restrictions.
Transfer Fees and Conditions
- Lease Buyer Credit Application Fee: $0.00
- Lease Transfer Fee: $625.00 (typically paid by the buyer).
- The original lessee is released from liability upon transfer completion.
- Mileage and wear-and-tear policies carry over from the original lease.
- Security deposits transfer to the new lessee.
- Applicable taxes may apply, varying by state. Consult your state’s tax authority.
Additional Leasing Notes
GM Financial offers leasing for Buick, Cadillac, Chevrolet, and GMC vehicles through programs like the Red Carpet Lease. Terms typically range from 24 to 48 months with mileage options (e.g., 10,000 or 15,000 miles per year). Additional taxes or registration fees may apply depending on your state; contact your local DMV for details. For comprehensive GM Financial lease information, visit DSRLeasing.com.
Lease-End Fees and Policies
- Disposition Fee: A flat fee (typically $395) may be charged to cover vehicle resale preparation, unless you lease or purchase a new GM vehicle or buy the leased vehicle.
- Excess Mileage Fee: $0.25 per mile for miles exceeding the lease agreement’s limit (e.g., 10,000 or 15,000 miles per year).
- Excess Wear and Tear: Costs for damages beyond normal use (e.g., dents, scratches) may apply. Schedule a complimentary pre-return inspection within 90 days of lease-end via AutoVINLive.com to assess charges.
- Lease-End Options: Return the vehicle to any authorized GM dealer, purchase it at the residual value, or lease a new GM vehicle. Contact GM Financial 60 days before lease-end to schedule an inspection and discuss options.
Contact GM Financial
- Website: https://www.gmfinancial.com
- Phone: 800-369-5212
- Alternate Phone: 800-436-1463
- Mailing Address:
GM Financial
P.O. Box 650595
Dallas, TX 75265-0595 - Lienholder for Insurance: GM Financial, P.O. Box 650595, Dallas, TX 75265-0595
