General Motors Acceptance Corporation

Car Lease Swap

Leasing Company:		General Motors Acceptance Corporation

Lease Transfer Restrictions:		GMAC does not permit leases to be transferred into or within the state of AZ *, General Motors Employee leases cannot be transferred in the first 6 months of the lease period.

Lease Buyer Credit Application Fee:		$0.00

Lease Transfer Fee (typically paid by lease buyer):		$595.00

Does Original Lessee Remain Liable?		No

Mileage Issues at Transfer:		Per original

Wear & Tear Issues at Transfer:		Per original

Does Security Deposit Transfer?		Yes

Other Policy Information:		GMAC Smart Buy are no longer transferable as of 1/1/2008 *AZ lessee can go directly to the dealership to have the prospective new lessee do an application and process the paperwork through the dealership.

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