GMAC Leasing Rigidity

[Hummer Guy]

How GMAC handles their lease/smart-buy returns is the most atrocious business model I've ever seen.

Even dealers are offered super-high figures when given the option to buy the vehicle upon return.

GMAC would rather pay for transportation, pay for auction fees, and then lose the same ammount of money when that same dealer buys it at the auction for $10,000 less than what they were offered from GMAC. Not only that, returns can sit for WEEKS at the dealership while the market on SUVs drops by thousands.

So GMAC is out the $10,000 anyway, PLUS the time depretiation, PLUS all the shipping and auction fees. Then the dealer too is responsible for auction fees of their own and shipping it BACK to the same dealership it where it was dropped off by the customer three weeks prior.

When it comes to losing a ton of unecessary money, GMAC is king.