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SMARTLEASE PLUS: A NEW LEASE PAYMENT OPTION FROM GMAC

 DETROIT, Feb. 17 /PRNewswire/ -- General Motors customers now have a new vehicle leasing option, called SmartLease Plus, from General Motors Acceptance Corporation (GMAC).
 "With SmartLease Plus, customers will enjoy the benefits associated with leasing plus they'll spend less money by making one up-front lease payment," explained Carol J. Knorr, vice president of marketing. "Our research indicates that SmartLease Plus is a popular leasing alternative among certain GM customers who prefer no monthly payments and who might otherwise be interested in purchasing a vehicle for cash."
 SmartLease Plus, like GMAC's popular SmartLease program, allows qualified customers to pay for the portion of the vehicle that they expect to use during the lease term, rather than paying for the entire vehicle as with conventional financing. With SmartLease Plus, however, customers make one lease payment up front that is less than the total cost of an ordinary lease.
 Knorr indicated that SmartLease Plus customers also get many benefits associated with GMAC's SmartLease program, including:
 -- More vehicle for their money
 -- A new car or truck more often
 -- No resale risks or trade-in hassles
 -- Guaranteed purchase price when the lease ends
 GMAC, the financial services subsidiary of General Motors Corporation (NYSE: GM), is one of the largest financial services companies in the world. Since 1919, GMAC has extended more than $700 billion of credit to help consumers purchase or lease more than 127 million cars and trucks.
 -0- 2/17/93
 /CONTACT: L.A. Kosinski of GMAC, 313-556-1022/
 (GM)


CO: General Motors Acceptance Corporation ST: Michigan IN: AUT FIN SU: PDT

JG -- DE010 -- 7231 02/17/93 10:41 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:265
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