This guide will give you comprehensive guidelines with full details on how to extend GM Financial lease.
If you currently have a lease with GM Financial and you’re considering extending it, there are some things you need to know.
In this article, we will give you everything you need to know about extending your GM Financial lease, including what it is, who qualifies, whether GM Financial offers extensions, how to extend your lease, and whether there is a grace period or deferment option available.
Table of Contents
What Is GM Financial Lease?
GM Financial Lease is a financial product offered by GM Financial that allows customers to lease a vehicle for a set period of time.
During the lease period, customers make monthly payments and are responsible for maintaining the vehicle according to the terms of the lease agreement.
Who Qualifies For GM Financial Lease?
To qualify for a GM Financial lease, you must meet certain requirements. These requirements may include a minimum credit score, income, and employment history.
GM Financial may also consider factors such as your debt-to-income ratio and the value of the vehicle you wish to lease.
Does GM Financial Offer Extension?
Yes, GM Financial does offer lease extensions to eligible customers. Lease extensions allow you to keep your current vehicle for a longer period of time without having to enter into a new lease agreement or purchase the vehicle outright.
How To Extend GM Financial Lease?
To extend your GM Financial lease, you will need to contact GM Financial customer service.
A representative will be able to provide you with information about the extension process and whether you qualify for an extension.
If you qualify, the representative will guide you through the necessary steps to extend your lease.
Is There A Grace Period with GM Financial?
Yes, GM Financial does offer a grace period for lease payments. The grace period varies depending on the terms of your lease agreement, but it typically ranges from 10 to 15 days.
During the short grace period, you will not be charged a late fee. However, you should still make your payment as soon as possible to avoid any negative consequences.
Does GM Financial Let You Defer a Payment?
Yes, GM Financial does offer payment deferment options to eligible customers. Payment deferment allows you to postpone one or more lease payments to a later date.
However, interest may accrue during the deferment period, that means you may end up paying more in the long run.
If you are experiencing a financial challenge and need to defer a payment, contact GM Financial customer service to discuss your options.
In conclusion, extending your GM Financial lease is straightforward if you meet the eligibility requirements.
If you’re considering extending your lease, make sure to contact GM Financial customer service to determine whether you qualify and to learn about the steps you need to take.
Remember, there is a grace period for lease payments, but it’s always best to make your payment on time to avoid any negative consequences.
Contact GM Financial customer service to discuss your options if you need to defer a payment.
