Advantages of Leasing

Leasing is a "SMART" idea if you want...

• A low monthly payment - Because you are paying for the value of the vehicle you expect to use during your lease, plus a rent charge, taxes and fees, rather than the total value of the vehicle, leasing payments are typically lower than traditional financing payments.
• More vehicle for your money - Leasing makes driving a more expensive vehicle more affordable.
• To drive a new vehicle more often - Leasing typically has a shorter term than if you purchase for a similar monthly payment, allowing you to drive a new vehicle more often.
• To drive a vehicle during its most trouble-free years - Most lease terms fall within the manufacturer's warranty. However, you are responsible for maintenance. SmartCare offers a maintenance plan that provides for routine maintenance coverage.
• To avoid trade-in obligations - With GMAC SmartLease, you can take the Smart Road and lease another vehicle (provided you qualify), buy the vehicle, or return it at the end of the lease term and walk away (provided you have met all the obligations of your lease).
• Assurance - With a GMAC SmartLease, Gap Protection provides assurance in the event of a total loss of the vehicle.
• Possible tax advantages - If you use your vehicle primarily for business, leasing can provide tax deductions. See your tax advisor for details or call 1-800-32-SMART for a free brochure on how to drive down business expenses.
• Convenience - SmartLease by GMAC can be arranged right here. In fact, qualified customers can be approved in under an hour. That's because we believe you should be out enjoying your new vehicle instead of waiting for it to be leased or financed

Lease vs. Ownership

SMARTLEASE monthly payments can be significantly lower than those of traditional financing.

Why? Because you only pay for the portion of the vehicle you expect to use during the lease term, plus a rent charge, taxes and fees. When your lease term is complete, you simply return the vehicle to us and lease another vehicle, or exercise one of the other lease end options.

Of course, you need to determine if lower monthly payments or vehicle ownership is more important to you.

SmartOptions

When leasing a vehicle through GMAC, there are many different options for qualified customers to choose from...

Plans

• SmartLease: SmartLease is the standard leasing option available through GMAC. You have monthly payments to pay for the portion of the vehicle's value - depreciation - you expect to use over a period of time, plus a rent charge, taxes and fees.
• SmartLease Plus: Does driving a new vehicle every few years, paying less money and eliminating the monthly payments sound like a "SMART" idea? If so, GMAC's SmartLease Plus may be right for you! You can lower the total out-of-pocket cost of your lease with a payment plan that lets you avoid monthly payments. This offers the flexibility to drive a new vehicle every few years. Sound good? There's more! SMARTLEASE PLUS also allows you to take advantage of trade-in allowances and many selected incentives and rebates, which can help reduce your out-of-pocket cost even more.
• Low Mileage Lease: You don't drive 15,000 miles per year? No problem. If you typically drive 12,000 miles per year or less, GMAC also offers a Low Mileage lease. A Low Mileage lease offers an allowance of 12,000 miles per year. As a result of the expected lower usage, your lease payments are lower. It is important to select the mileage allowance that meets your driving needs. If the mileage on the odometer at lease end exceeds the total allowed mileage in your lease agreement, you are charged the excess mileage charge stated in your lease agreement.
• Used Vehicle Leasing: In the market for a used vehicle? Why not consider leasing one? Used vehicle leasing offers many of the same advantages as new vehicle leasing. For more information, visit us or call 1-800-32-SMART.

Mileage

• Mileage Allowance: GMAC offers generous mileage allowances with SmartLease. Select from the 12,000 miles per year lease (1000 miles per month) or the 15,000 miles per year lease (1250 miles per month). You decide. It is important to select the mileage allowance that best meets your driving needs. If the mileage on the odometer at lease end exceeds the limits of the total allowed mileage in your lease agreement, you are charged the excess mileage charge stated in your lease agreement.
• Low Mileage: You don't drive 15,000 miles per year? No problem. If you typically drive 12,000 miles per year or less, GMAC also offers a Low Mileage lease. A Low Mileage lease offers an allowance of 12,000 miles per year. Additionally, as a result of the expected lower usage, your lease payments are lower. It is important to select the mileage allowance that meets your driving needs. If the mileage on the odometer at lease end exceeds the limits of the total allowed mileage in your lease agreement, you are charged the excess mileage charge stated in your lease agreement.
• Refundable Mileage: You typically drive more than 15,000 miles per year? Again, no problem. With GMAC SmartLease you are able to purchase additional miles up front at a reduced charge to meet your mileage expectations. Best of all, if you keep your leased vehicle until scheduled lease end, you may be entitled to a credit for each unused extra mile purchased.
• Additional Mileage: Driving habits change during your lease? Regardless of which mileage allowance you choose, if you find that you are driving more miles than originally expected, you may increase your security deposit during the lease term. This will help offset any lease end charges you may incur. Simply call us at 1-800-200-GMAC(4622) to request an authorization form. Security deposits will be used as provided in your lease agreement. Amounts not used at lease end will be refunded.

Programs

• College Grad: If you are about to graduate or have recently graduated from a two or four-year college or nursing school, or are a graduate student, you may qualify for the GM College Grad Program.

Billing Alternatives

• Billing Statement: Receive a monthly billing statement that provides you with an account summary and messages pertaining to your account or leased vehicle. This is the standard billing method. Should your billing requirements change during the term of your lease, simply notify us at 1-800-200-GMAC.
• Automatic Payment: Save time and money with our free ElectroChek® option. ElectroChek automatically withdraws your payment from your checking or savings account each month. Should your billing requirements change during the term of your lease, simply notify us at 1-800-200-GMAC.
• Coupon Book: Receive a convenient coupon book with envelops. Should your billing requirements change during the term of your lease, simply notify us at 1-800-200-GMAC.

Protection Options

SMART Mechanical Repair Protection For Your Lease

GM Protection Plan has provided extra protection and peace of mind to millions of customers, assuring customer satisfaction with the most comprehensive coverage available in today's automotive industry. The GM Protection Plan is there to help you protect yourself from the unexpected, allowing you to conveniently handle recommended maintenance and ensuring repair work is performed in accordance with GM standards. Leasing a new GM vehicle is exciting! Ask us how you can conveniently limit your monthly vehicle expenses with a GM Protection Plan! GM Protection Plans available for you:

• SmartCare by GMAC
• MajorGuard
• OnStar
• Custom*
• Powertrain*

*Designed specifically for pre-owned vehicles as economical alternatives for used vehicle customers.

SmartCare Routine maintenance is important to today's consumers, and SmartCare by GMAC can help deliver that total leasing convenience. SmartCare helps savvy shoppers like you by budgeting the cost of routine oil and filter changes, lubrications and tire rotations, allowing you to follow the manufacturer's recommended maintenance schedule. SmartCare helps you to maintain your vehicle properly. As an added convenience, the cost of SmartCare can be included in your lease payment!

What is SmartCare? SmartCare is an ideal maintenance package for your SmartLease vehicle. Covering basic routine maintenance items such as oil and oil filters, lubrications and tire rotations. What choices do I have? SmartCare can be purchased in time/mileage options ranging from 12 months and 12,000 miles to 72 months and 100,000 miles. The most popular terms for SmartLease vehicles are:

- 12 months/15,000 miles- 24 months/30,000 miles- 30 months/38,000 miles- 36 months/36,000 miles- 36 months/45,000 miles

Can SmartCare and Major Guard be purchased together? For worry free leasing, take the Smart Road and combine SmartCare with Major Guard. Together they provide maintenance coverage for almost everything you need to maintain your new SmartLease vehicle. For added convenience, the cost of this package can be included in your SmartLease payment.

Where is SmartCare honored? SmartCare is backed by General Motors and honored by GM dealers/retailers in the U.S. and Canada. See your GM dealer/retailer for details today!

MajorGuard

Supplement your GM bumper to bumper limited warranty with MajorGuard, which provides protection for virtually every electronic, electrical, and mechanical part of your new GM vehicle. Major Guard provides 24-hour "No Cash Needed" towing and roadside assistance. Major Guard will also pay the charge to rent a replacement vehicle or pay for public transportation alternatives. MajorGuard can also be included in your lease payment. Can SmartCare and Major Guard be purchased together?For worry free leasing, take the Smart Road and combine SmartCare with Major Guard. Together they provide maintenance coverage for almost everything you need to maintain your new SmartLease vehicle. For added convenience, the cost of this package can be included in your SmartLease payment.

Lease End

With GMAC SmartLease you may choose one of the following options that best suits your individual circumstances at scheduled lease end:

1) Take the Smart Road - Return the leased vehicle and lease another GM vehicle...

Simply return the vehicle to us. Now you're ready to select a new and exciting GM vehicle. It is as easy as that - no stress and no worries about resale. We assists you with the entire process.

Lessee Responsibilities:

• Past Due Payments
• Any Excess Mileage / Wear Charges
• Other Charges*

If you've met the agreements of your lease, you will owe nothing more, and any security deposit remaining will be refunded to you.

*Any unpaid summonses, summons penalties, re-registration fees, extension fees, late charges.

2. Purchase the leased vehicle...

You may purchase the leased vehicle for the guaranteed purchase price stated in your Lease Agreement plus applicable taxes and fees. GMAC offers attractive finance options to qualified buyers.

Lessee Responsibilities:

• Guaranteed Purchase Price
• Sales Tax
• Past Due Payments
• Other Charges*

*Any unpaid summonses, summons penalties, re-registration fees, extension fees, late charges

3. Return the leased vehicle and walk away...

Simply return the vehicle to us. It is as easy as that - no stress and no worries about resale.

Lessee Responsibilities:

• Past Due Payments
• Any Excess Mileage / Wear Charges
• Other Charges*

If you've met the agreements of your lease, you will owe nothing more, and any security deposit remaining will be refunded to you.

*Any unpaid summonses, summons penalties, re-registration fees, extension fees, late charges

Of course you may also end the lease early (prior to scheduled lease end). However, you need to contact your dealer/retailer or GMAC to discuss your options and responsibilities.