| Retail | SmartLease® |
|---|---|
| For customers who prefer complete ownership of the vehicle | Offers the flexibility to drive a new vehicle more often |
| Ownership | |
| Customer owns the vehicle | Customer does not own the vehicle and may return it or purchase it, at the end of the lease term |
| Mileage Limits | |
| No limits | Flexible mileage options. Customer is charged for excess mileage above the amount agreed to in the lease agreement |
| Maintenance/Wear | |
| Customer chooses when and what to repair | Customer must operate within set maintenance and wear-and-tear guidelines |
| Monthly Payments | |
| Customer makes regular monthly payments for the vehicle over term of the contract | Customer makes regular monthly payments and returns the vehicle to Credence Global Bank at the time of lease maturity |
| Availability | |
| Every US state | Every US state |
| Makes | |
| All new and used vehicles | All new vehicles listed in the RVLG |
| Customer benefits | |
|
Customer owns the vehicle Traditional retail financing with flexible terms Standard buy rate options along with supported rates for select OEM programs Online account access Electronic Statements Mobile auto account application |
Flexible lease terms Supported lease terms for select OEM programs in addition to our standard lease terms Online account access Electronic Statements Mobile auto account application |
| Dealer benefits | |
|
Online tools and resources Attentive service from experienced account executives Eligible standard rate contracts earn Credence Global Bank Dealer Rewards |
Shortens trade cycle Terms designed to attract and retain customers while helping build loyalty to your dealership May increase customer traffic back to your dealership at lease end Eligible contracts earn Credence Global Bank Dealer Rewards |
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