GMAC SmartLease

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gmacfs.com

GMAC SmartLease Reviews

gr8rn1 March 8, 2010
they lied
I leased a 2005 GMAC Chevy Equinox. When I turned in the car, it was lived in but had no damage, except for 2 burn holes, one in each of the front seats. I never disputed that. And I paid those charges, no problem. $150 per seat cushion. But the other charges, I have disputed. The first was a damaged windshield; they showed pictures of the windshield severely out of focus which appeared to be circled in white, but the area was in plain view from the passenger seat, and I had just inspected it with the dealer and there was no crack or anything wrong with the windshield.

The other charge was a paint job I had done when I was in an accident. It was a hit and run, I had side damage on the front passenger door and panel area, and countracoup damage on the other side in the left passenger side over the left rear wheel. When the accident happened, I called my agent (Nationwide) they sent me to a sister dealer (a GMAC dealer) the same name, different location as the dealer I bought my car from. They fixed the car up and it looked very good. They never indicated the paint was not a match, and to my eye, the color was exactly the same. I drove that car another 6 or 8 months after the dameage was fixed, and never saw anything different in the color. Again, on the webiste the pictures are poor quality, and the only color difference is one of the pictures has part of the car in shade, the other in bright sunlight. That is the only place you would (and should) see a difference in the color. Shade makes it look darker, GMAC, and YOUR dealer is the one that fixed my car. They knew it was a lease so why would they change the color? and if they did, why was that my fault????

I disputed their claims for months. Finally, I received a call from someone who told me if I paid the $300 for the damaged cushions, then they would not ask for the rest, and in good faith, I accepted that offer. I paid the $300 and thought it was over. Months later, I was told that some "supervisor" did not agree with the deal, and wanted the rest fo the money paid!!!. Now, today, I get a call from a collections agent. I told her I disputed the claim, GMAC lied, and I was not going to pay the rest. Put it on my credit, you think I care??

Oh by the way, I have bought another GMAC car. I am not ever going to do a smartlease again. I like the cars, but not the company I am buying it from.
Nickson Taylor December 6, 2009
GMAC SmartLease is taking advantage of innocent people
December 4, 2009

“GMAC SmartLease is taking advantage of innocent people”


Much to my surprise I’ve recently discovered that GMAC SmartLease has changed the way they treat their lease customers. Someone ought to hire a lawyer; this may even qualify for class action status. I can hardly wait to reveal their indiscretions but first let me explain why I feel that I am qualified to discuss this issue.

“Someone ought to hire a lawyer; this may even qualify for Class Action status.”

I have been involved in some capacity in the retail automobile business since 1964. I retired in 2007, so I can safely say that I have 43 years exposure to the car business. I have always been involved in the General Motors business. I have been a Salesperson, a Sales Manager, a Finance Manager, a General Sales Manager, a General Manager, and a Dealer/Owner. I feel that I have some idea of what I am talking about.

Now the Story……………

Since the 70’s I have arranged retail leases using GMAC as the leasing company. I have even leased several for my personal use. In each of my personal leases I have sold or traded my vehicle prior to the end of the lease. It was simple, I would call GMAC SmartLease and they would tell me the payoff. If the vehicle was worth more than I owed, I would sell it to a dealership (often my own) and they would pay me for my equity. Suddenly GMAC SmartLease has changed their program. What has changed is how GMAC SmartLease has decided to interpret the early termination language of their contract.

“If it was worth more than I owed, I would sell it to a dealer and they would pay me for my equity.”

Currently I am leasing a 2007 GMC Acadia. There are only a few payments remaining and the lease will be complete. When I called GMAC SmartLease to inquire as to the payoff, they gave me a figure that appears to be correct. (Residual value plus remaining unpaid payments less unearned interest.) The new change that GMAC SmartLease has incorporated into their business plan is that if anyone other than me were to pay this lease off, GMAC SmartLease wants them to pay approximately $5000.00 more than my payoff. This means that if I were to drive into a GM dealership (or any dealership GM or Non-GM) and work out a new lease or purchase, using my Acadia as a trade in, there would be a $5000 penalty assessed against me for me trading early. I consider myself lucky because I understand that this is really a GRAB on the part of GMAC SmartLease. I am able to protect my self in this situation but I wonder how many unsuspecting people have allowed this sort of thing happen to them. I bet that during the past several months or years there have been hundreds if not thousands of GMAC SmartLease customers who have been taken advantage of. This can not be a good thing.

“There would be a $5000 penalty for trading early”

I wonder if GMAC SmartLease realizes that they are compromising future business. Why would anyone want to ever do business with a company that evokes arbitrary practices designed to take advantage of the public. I like GM vehicles; I did have Cadillac at the top of my list of new cars to consider. However, now I wonder if I can ever force myself to drive a GM vehicle again.

Is this a good long term business practice? Will GM survive with their financial arm attempting to take unfair advantage of customers? A very smart man who coached and trained me in the early years of my career taught me the following:

1) Is it the TRUTH?
2) Is it FAIR to all concerned?
3) Will it build GOODWILL and BETTER FRIENDSHIPS?
4) Will it be BENEFICIAL to all concerned?

I think not.

If you want to know more about this issue feel free to call or e-mail, my contact information is:

Nick Taylor
(760) 710-7234
[email protected]
Dustin April 16, 2009
Awful company
Purchased a Saturn at the end of the lease. GMAC wants to charge me millage on a car I purchased. I paid more than the residual value and the full amount required by GMAC as a payoff amount. Now they want $1400 for excessive millage. I bought the car. What a rip. They are threatening me and ruining my credit.
Sheyla December 29, 2008
Overcharged
I just returned my car to GMAC SmartLease. The car is in impectable condition. My husband and I have photos of the car just before we turned them.

GMAC SmartLease is trying to assess $809.39 in charges for a damaged bumper. I have contacted Marcus at GMAC numerous times. I have explained to him about the photos. First, he hung up on me. Then, he said he could not verify who I was, despite giving my name, address, and account number. When he finally responded to me, he said he could not verify that the photos were recent.

This company is bunch of crooks. Never use GMAC for any lease.
Jude December 19, 2008
Terrible experience
I just returned my car to GMAC SmartLease. The car is in impeccable condition. My husband and I have photos of the car just before we turned them.

GMAC SmartLease is trying to assess $809.39 in charges for a damaged bumper. I have contacted Marcus at GMAC numerous times. I have explained to him about the photos. First, he hung up on me. Then, he said he could not verify who I was, despite giving my name, address, and account number. When he finally responded to me, he said he could not verify that the photos were recent.

This company is bunch of crooks. Never use GMAC for any lease.

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