Commercial SmartLease by GMAC

GMAC's Commercial SmartLease is an affordable way for qualified commercial customers to obtain the new vehicles they need. With SmartLease, customers pay for the portion of the vehicle they expect to use during the lease term, plus a rental charge, taxes and fees. As a result, SmartLease offers a number of distinct advantages over traditional financing, including lower monthly payments, no resale or trade-in worries, and possible tax benefits. This option also allows customers to lease vehicles with certain specialized upfits.

Eligible Vehicles

Passenger cars, light and medium-duty commercial vehicles of any make or model listed in the quarterly updated Residual Value Leasing Guide (RVLG).

Benefits

A GMAC Commercial SmartLease allows qualified customers to:

• Preserve capital and enhance cash flow through lower monthly payments as compared to purchasing the vehicle.
• Qualified customers can obtain low monthly payments with little or no up-front money.
• Drive a more expensive vehicle for about the same monthly payment as a less expensive vehicle that is financed.
• Most SmartLease terms end before the GM New-Vehicle Limited Warranty ends, so typically the manufacturer pays for major covered repairs during the lease term.
• Minimize costly vehicle downtime.
• You can obtain new vehicles more often.
• Maintain a successful and professional image through more frequent fleet replacement.
• Protect your business against depreciation risks or trade-in worries with asset depreciation protection.

Consult your tax advisor when considering the possible tax benefits of leasing a vehicle.

Features*

Terms and Rates:

• Light-duty GM trucks/Up to 48 months.
• Light-duty non-GM trucks/Up to 48 months.
• Medium-duty GM trucks/Up to 48 months.

Residuals:

• Based on RVLG and vehicle usage.
• Enhanced for special incentives.

Maximum Vehicle Prices:

• 110% of Manufacturer's Suggested Retail Price⁵ for commercial light-duty vehicles.
• 95% of Manufacturer's Suggested Retail Price for commercial medium-duty vehicles.
• 115% (light-duty) and 100% (medium-duty) of dealer cost for upfit packages.⁶

Mileage Allowances:

• Commercial-use, light-duty trucks/15,000 miles per year.
• Medium-duty, gas powered engines/25,000 miles per year.
• Medium-duty, diesel powered engines/35,000 miles per year.

Maintenance:

• You're responsible for all vehicle maintenance.

Restrictions
Fleet incentives or special rate incentives may not be available for certain commercial fleet customers. ⁷

Please click here for the Commercial SmartLease FAQs

⁵ Manufacturer's Suggested Retail Price based on factory invoice.
⁶ This cannot exceed the Manufacturer's Suggested Retail Price as supported by an invoice.
⁷ We define a fleet user as a company that either:
- Purchases and registers or leases five or more new cars and or trucks solely for use in its operations during the:
(a) current or preceding model year
(b) current or preceding calendar year, or
(c) preceding 12 month period.
- Owns or leases 15 or more cars and/or trucks.
*All Commercial SmartLease arrangements are subject to and governed by the terms and conditions of the lease agreements and related documents under which they are entered.
SmartLease and ComTRAC are registered service marks of GMAC.