Latest Industry News
March 19, 2022
Posted by Chloe Taylor

Trade-In Your GMC With VIP Auto Lease Over Carvana & Save Thousands

Time to get a new GM lease—whether Cadillac, Chevy, or GMC. If you’re not sure whether to trade in your old GM or let a third-party buyout your lease, then you might want to understand the new GM’s restriction on third-party lease sales.

If you’re ready to get a new Cadillac lease, Chevy, or GMC lease but are unsure how to get out of your current early lease, you should consider a lease buyout. When considering doing a GM trade-in, many options are available for you. You can choose to sell your lease at Carvana, CarMax, or Vroom or privately sell your lease. You can as well sell your lease to a dealership.

Out of all these options, selling through a dealership like VIP Auto and third-party like Carvana and CarMax are the most popular options for many people. However, which of them offers a better way to save dollars?

GM Financial Third-Party Lease Sale Restriction

If you’re looking to offload your GM lease—Chevy lease, GMC lease, or Cadillac lease through third-party buyouts, you might want to have a rethink. Last year, GM announced that GM financial would no longer allow its customers to sell their lease to a third party like the CarMax, Carvana, Vroom, and non-GM dealers.

The value of used cars keeps rising, courtesy of microchip shortages and other supply chain disruptions. Inventory on new and used cars is now tighter than ever. To adjust to this, several banks and auto financing arms, including GM Financial, are putting an end to allowing their customers to sell their leases to anybody other than some select car dealers and official lease brokers.

In order words, GM financial, as well as other banks and credit unions, will no longer work with third-party bodies like Vroom, Carvana, and some local dealers.

VIP Vs Carvana, CarMax, & Vroom

Before the GM financial restrictions on third-party lease buyout, car dealers like CarMax, Vroom, and Carvana offered an alternative for auto lease owners to trade in their cars.

Trading in your car with dealerships like VIP auto offers many advantages over dealers like CarMax and Carvana. While you can sell your car lease with these third parties in no time, they do not guarantee that you’d be saving some money.

When you want to sell your lease to these dealers, they will offer a non-negotiable price after carrying out an independent appraisal on your car. You either take it or walk away. But with VIP Auto dealerships, you can get the best bargains. In addition, you can get loads of incentives if you want to trade in your car for another one.

Finally, following the fallout between these third-party bodies and many auto financing arms, if you want to find the best financing for your new lease or you already have one on your old lease, VIP can help you negotiate with banks and auto lenders to get you out of your lease.

To trade in your GM lease today, reach out to VIP Auto at 1204 Hylan Blvd, Staten Island, NY 10305

VIP Auto Lease
The Best Lease Deals in NY, NJ, & CT, Guaranteed.

* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
View Deals now
VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

Read & Rate Us Now By Clicking Here

© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
Mon - Fri / 10:00AM - 7:00PM
Saturday / 10:00AM - 4:00PM
Sunday / Closed
1204 Hylan Blvd,
Staten Island, NY 10305
Quick links
© 2021- All Rights Reserved, VIP Auto Lease and brands are the property of their respective owners.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram