JUST GRADUATED?

A new direction, a new career and new experiences are on the road ahead, and you’ll need reliable transportation to get there. You have many potential paths to take, and getting into a new vehicle to take you there can be easier than you think.

 

Graduate Lease 101

GM Financial is proud to offer the Graduate Lease Program, designed to help recent graduates qualify for financing for a new GM vehicle.

  • No previous credit experience? We’re here to help!
  • Available for 36 or 48 month leases.
  • Little to $0 down payment.
  • Vehicle lease payment, including taxes, cannot exceed 25% of gross monthly income.
  • The Graduate Lease is available for up to two years from the date of graduation.

 

What do I need?

    • Proof of graduation from college or university³
    • Proof of current employment or employment start date before first lease payment due
    • Annual income amount
    • Description of type of employment

 

Q & A

Q. What are the benefits of leasing?
A. With a lease, payments may be lower than financing the same vehicle, since you only pay for the portion of the vehicle you use over the term of the lease. You can consider vehicles that have more options; trade in your vehicle for the latest model more frequently; and align the lease term to the vehicle warranty period for greater peace of mind.

Q. Does leasing require less money upfront?
A. The down payment amount for leasing a vehicle varies based on the lease transaction structure and monthly payment you desire, but generally, may be lower than buying.

Q. With a lease, am I protected from possible negative equity?
A. With a lease, you avoid the potential risk that your vehicle’s value has declined beyond its projected residual value at the end of your lease term by adhering to the kilometer restrictions included in the lease contract.

Q. What happens at the end of a lease?
A. At the end of term, you have the option to purchase the vehicle or turn it in, subject to the terms outlined in your lease agreement. GM Financial will communicate with you prior to the end of your lease to guide you through the lease-end process.

More questions? 

Reach out to us here at Seaside Chev in beautiful Shediac New-Brunswick for more details on the Graduate Lease Program and to see how we can help.

 

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Seaside Chevrolet is located at: 13 Harbourview Drive • Shediac, NB E4P 3L5

 

 

 

All applications received are subject to final approval by GM Financial. Those with prior derogatory history reporting may not be considered for approval.
Subject to the applicant’s debt servicing capacity.
Minimum two-year diploma from an accredited community college, or three-year degree from an accredited university.
Seaside Chevrolet 46.220470, -64.533160.