Posts: 344
Joined: Thu Feb 01, 2018 5:58 am

Re: experience with lease return process?

Sun Sep 06, 2020 2:07 am

benjaja wrote:Today I got a letter form GM financial saying:
"The amount you owe for early termination will be no more than the difference between the Gross early Termination amount stated above and (1) the appraised value of the vehicle or (2) if there is no appraisal, either the price received for the vehicle upon disposition or a greater amount established by the lessor or the lease contract.”

This actually protects you in the extremely unlikely event that your returned Bolt EV sells at auction for a much higher price than is expected.

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