GMC Lease

This ultimate guide to GMC leasing breaks down why it could be a financially savvy decision for you.
Written by Drew Waterstreet
Reviewed by Jessica Barrett
GMC has always been known for its innovation and engineering excellence, as represented in its “We Are Professional Grade” company motto. Before you decide to lease a GMC, though, it’s important to know how a lease agreement works and what unique costs are associated with it.
The uncompromised engineering of GMC is proven by its high residual value. This term means that a vehicle holds its value well against the natural rate of depreciation. This is good news when it comes to monthly lease prices—meaning GMC trucks and SUVs can be an enticing vehicle to sign a lease agreement for.
Although leasing a GMC could be beneficial, it still comes with limitations that are worth exploring. Luckily, the
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is here to break down all the benefits and drawbacks of leasing a brand new 2022 GMC. Stay till the end to see how you can save big on your
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How to lease a GMC

Before even setting foot in the GMC dealership, you need to establish your financial budget. Knowing how much you can afford before signing a lease agreement will help you avoid getting entrenched in a burdening contract. Here’s your homework:
  • Check your credit score. Having a better credit score can earn you substantial savings on your lease's monthly payments. A credit score of 700 or more is ideal.
  • Review your budget. Only lease a car that you can afford—monthly payments should not be more than 15% of your gross monthly income.
  • Prepare for a
    down payment
    . The larger the down payment you put up, the cheaper your monthly payments can be. Most dealerships require at least a $1,000 minimum down payment.
  • Calculate your annual mileage. Every lease has an allocated amount of miles. Excess mileage can tack on extra costs, so make sure you have a solid estimate.
Now that you’ve crunched the numbers, you’re ready to head to the dealership! If you need some help with the math, here’s a
car lease payment calculator
Keep in mind that you don’t have to take the first offer you get. The first offer is rarely the best one, so it’s important to do some quote shopping.
Some popular models to lease from GMC are the Sierra, Acadia, and the Terrain. Further details on the pricing of these models are coming later. You can take a peek at the entire 2022
GMC model catalog
of lease options in the meantime!

The final step: shop for insurance

Lease agreements often require you to carry higher amounts of coverage than you would for a car that you own. In addition to the insurance required by your state, you'll likely be required to add

How much does a GMC lease cost?

There are a variety of factors that affect the total cost, and most of them depend on your vehicle preference and financial bandwidth. Here are some specific factors that contribute to how expensive your GMC lease will be:
  • The GMC model you choose to lease 
  • Your credit score (aim for 700+)
  • Your lease term (typically 24/36 months)
  • Residual value
  • Any additional accessories, warranties, or add-ons
  • Sales tax in your state
Some of the factors are in your control and some are out of your control. One thing to keep an eye on is the residual value. GMCs typically have high residual value, meaning they traditionally have lower monthly payments
Residual value is the vehicle's ability to fight depreciation. The lease provider doesn’t have to charge as much for a vehicle that holds its value well, which makes a GMC an affordable leasing candidate for a vehicle of its size.
Speaking of affordable leasing candidates, let’s discuss some specific models of GMC. Here is the estimated total due at signing and subsequent monthly payments for a 2022 model of the Sierra, Acadia, and the Terrain.
  • Sierra
    : $1,079 First month’s payment + $1000 down payment = $2,079, followed by $1,025 monthly payments for the lifetime of the lease
  • Acadia
    : $1,049 First month’s payment + $1000 down payment = $2,049,  followed by $704 monthly payments for the lifetime of the lease
  • Terrain
    : $772 First month’s payment + $1000 down payment = $1772,  followed by $506 monthly payments for the lifetime of the lease
Your lease will also require you to pay a standard $695 acquisition fee, regardless of the model you select.
Taking a look at the numbers, the Terrain checks out as one of the more affordable vehicles on the entire leasing market.
Keep in mind, these prices reflect a 700+ credit score and a minimum down payment. Adding in your unique numbers can greatly affect the monthly cost of your lease.
Key Takeaway GMC can be an affordable leased vehicle due to its residual value—but total costs vary based on credit score, down payment, specific model, and more.

Services included in a GMC lease

To get the most services for your buck, you may want to look into GMCs
Advanced Lease Agreement
. This policy provides service for regular maintenance and mechanical breakdowns (with some exclusions).
GMC offers a variety of add-ons in its lease agreement including pre-paid maintenance, tire and wheel protection, appearance guard, and more. These service features could further protect your vehicle and help you save money on wear and tear fees when your lease ends. 
Check out the full list of
services features
Be aware that the dealer will try to talk you into adding on expensive options. The best way to avoid excessive upgrades and accessories from stretching your funds is to stay true to your budget.

What to do when your GMC lease is up

The time has come to decide if you want to purchase your leased GMC or return it to the dealership. The good news is we have the download on both options.

How to return a leased GMC

Many drivers love returning their leased vehicles because that means they can get a brand new vehicle that same day to keep things fresh! 
Here is a step-by-step guide on how to do just that:
  • Perform a brief self-inspection
  • Utilize GMCs complimentary pre-return inspection
  • Complete any repairs or maintenance needed from wear and usage
  • Prepare the vehicle for return by cleaning the vehicle and removing personal items (GMC has a
    handy checklist
    for this)
  • Satisfy any outstanding financial obligations, including excess mileage
  • Return the vehicle and get a new GMC
After you’ve fulfilled all the requirements in this checklist, you’ll be responsible for a $495 disposition fee to handle the return of the vehicle.

How to purchase a leased GMC

Purchasing your leased vehicle is also a viable option if you’ve fallen in love with it. You can switch to a financing plan with the dealership once you fulfill all the obligations to your lease. You could also opt for a car loan from a bank or credit union.

How to find affordable car insurance for a GMC

Even though GMC is one of the more affordable vehicle brands to lease, that doesn’t mean the savings have to stop there!
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If you’re going to lease a vehicle, GMC is a great option. The high residual value of the vehicle helps keep monthly payments low.
Lease prices are strongly predicated on your credit score, down payment, and model of vehicle. However, the GMC Terrain is one of the cheaper options.
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