1-800-783-0221 (Incl. Winnipeg)

A few months before your lease expires, contact your Murray Chevrolet's Lease expert to set up a lease-end consultation appointment. Lease@murraychevrolet.ca

This will ensure all of your questions and/or concerns are answered before you begin your search. At this appointment, you can take the opportunity to test drive any vehicles in our 2011 vehicle lineup.

Option 1 - Returning your leased vehicle:

Check for excess wear:

Excess wear is anything beyond the normal wear that a vehicle endures, and can be caused by neglect, abuse, damage or poor maintenance.

To protect yourself from excess wear, keep your vehicle running at its best by following your vehicle's maintenance schedule and by performing any required repairs.

You should check for excess wear - either on your own or with the assistance of your dealer - before returning your vehicle. That way, if excess wear is found, you'll be able to make repairs before returning your vehicle, avoiding excess wear charges.

Return your vehicle

Once you've returned your vehicle, it will be inspected by a third party to identify any outstanding excess wear. You'll then be able to formally terminate your lease by paying any applicable lease-end fees and taxes.

Copy and paste this url into your browser to download the GM Excess Wear Table:

http://www.gm.ca/images/owner_centre/resources/excessweartable_en.pdf

Calculate extra mileage

You may also have to pay a charge if you have exceeded the mileage limit that was agreed upon when you first started your lease. Please refer to your lease agreement for applicable fees, which can range from $0.10 to $0.18 per extra km.

Purchase your next vehicle

To help you decide, we've created the Virtual Showroom. There, you're able to choose what's most important to you and identify the vehicle that has everything you're looking for,www. murraychevrolet.ca

Option 2 - Pay the option to purchase price

Your option to purchase price (plus applicable taxes and fees, if any) is a charge that was detailed in your lease agreement.

You can either pay the option to purchase price in full or have your Dealer assist you in setting up a financing plan.

The benefits of buying out your lease:

Less worry

If you decide to buy your leased vehicle, there's no need to have it inspected and you don't have to worry about excess wear or excess mileage charges.

Your lease can be transferred to an immediate family member or a co-lessee can also buy out your lease for the same buy-out price.

ABOUT LEASING

When you lease an eligible GM vehicle:

You benefit from a low down payment
You get to drive a new vehicle more often
And you don't have to worry about resale or trade-in hassles

How leasing works:

When you buy a car using traditional financing, monthly payments are based on the whole value of the vehicle plus interest
When you lease a car, your payments are based on the portion of the vehicle you expect to use (plus interest) over the lease term
Lease terms are usually 36-48 months

Leasing fine points:

When you lease a vehicle you do not own the vehicle and therefore it is likely to have certain restrictions. For example:

You may be obligated to fulfill certain maintenance requirements
There may be restrictions on the kilometres you can drive
And at the end of your lease term when you return the car, you may be charged for any excessive wear and tear

When you purchase finance a new GM vehicle:

You have the freedom to drive your vehicle for more than just a few years
You don't have to worry about the penalties of a lease (i.e. excess wear and extra mileage charges)
You can customize your vehicle and alter its appearance
You own your vehicle at the end of your contract term

Plus

You have the flexibility to sell or trade in your vehicle at any time during your contract term
And since your payments can be spread over a longer period of time, you can make lower monthly payments than you would if you had chosen to lease