MrDRMorgan wrote:The lease for my 2015 Spark EV is through GM Financial and I recently received an end-of-lease instruction packet in the mail. My plan is to have the car inspected early next month and turned in to American Chevrolet in Modesto, CA in mid May.
What was in the package from GM Financial? Did they have a process for purchasing the car / making an offer to purchase?
We also leased through GM Financial. Our 2015 goes back in July & we'd like to purchase it - just not for the residual value which is ridiculous.
I'm hoping someone w/ GMF experience is willing to share some info on the return and / or buying process. Does one make the offer to GMF or the dealer? I've seen conflicting info in that regard.
I watched the "return process" video on GMF's website. Please share your experience and let us know if there's something unique about the EV inspection process.
The envelope contained a letter, and an end-of-lease booklet which also contained a "wear and use card" along with photos showing "normal" and "excessive" wear and tear.
The booklet provides information on three options: (1) Turn in your GM vehicle and purchase or lease a new GM vehicle, (2) Purchase your leased vehicle and (3) Turn in your GM vehicle. There are instructions for each option.
You indicated you wanted to purchase your vehicle. The instructions for this option said "You can purchase your leased vehicle at anytime during your lease period, or you may do so near the end of your lease. Here is how: 1. Contact your originating GM dealer to discuss purchase or finance options. (2) Call GM Financial at 1-800-436-1463 to request a customer payoff quote."
I will be turning in my 2015 Spark EV (option 3). To do so, I have to arrange for a complimentary vehicle inspection 45 days before my lease ends. That had been done and is scheduled for April 9 at my home. Then I have to make an appointment to turn in my vehicle at the originating GM dealership. I called GM Financial and changed the dealer to my local Chevy dealer in Modesto, CA which is 50 miles closer to my home. My plan is to turn in the car on May 23 or sooner.
I hope this explanation helps you.