Best GMC Terrain Lease Deals No Money Down in 2022

Everyone would want to own a car at some point, but not all can afford the full amount a car dealer or manufacturer wants. This has made some car dealerships and manufacturers to craft new ways through which car enthusiasts can drive away in new cars without spending a lot. Leasing a car is one of such methods. With its increasing popularity, nearly all car manufacturers and lease dealers currently offer several lease deals for interested customers. If GMC vehicles are your best choice, below are some insights on the best GMC terrain lease deals currently available.

Just like purchase, leasing a car comes with its own advantages and drawbacks. Manufacturers are finding new methods of convincing the interested public to consider their lease deals over the rest. This is by offering several convincing deals, including the $99 car lease no money down, where interested parties get a lease deal without making upfront payments.

GMC Advertised Lease Deals

GMC is certainly not the cheapest car to lease with no money down. You can still find interesting and overly convincing GMC terrain lease no money down from established GMC lease deals near me. Like any other car manufacturer, GMC is offering flexible leases allowing shoppers to choose between paying more upfront or high monthly installments. If you are new to car leasing, you would rather incur more as monthly installments than paying more upfront.

It is important to note that most car dealers offer lease deals between two and three years. As such, though possible, avoid going for a short term car lease of 3 months unless you are taking over another person’s lease deal in a typical lease transfer. For better value with the vehicle, consider a GMC terrain lease for 24 months or more. Below are the currently available GMC terrain lease deals for the year 2020 from Edmunds.com.

GMC Terrain ModelMSRPMonthly Payment
GMC Terrain Denali$44,665$404
GMC Terrain SLT$37,745$351
GMC Terrain SLE$30,090$270
GMC Terrain SL$26,195$265

Choosing Your GMC Terrain

The 2020 GMC makes its return back to the market largely unchanged but adds some few safety features to its list of standard equipment. Other notable changes are the elimination of the 1.6-liter engine and the black edition package, which is now called the Elevation Edition. As you may know, the GMC Terrain comes in four trim levels, which include the SL, SLE, SLT, and Denali. Prices start at $26,195 for its base SL trim to $44,665 for the top-range Denali trim.

GMC Terrain Lease Deals

GMC Terrain Trims

As mentioned, the GMC Terrain has four trims. They include:

  • GMC Terrain SL – this is the base trim of the GMC Terrain. It is limited in color availability and offers no option packages. Nonetheless, its standard features include 17-inch aluminum wheels, heated mirrors, leather-wrapped steering wheel, keyless starting, and acoustic windshield for noise isolation.
  • GMC Terrain SLE – the SLE trim is a notable step-up in price and functionality from the basic SL model. It comes with more colors, digital driver display, red-carpeted floor mats, rear seat folding levers, remote start, dual-zone automatic climate control, and much more.
  • GMC Terrain SLT – the SLT model comes with perforated leather seating, big 18-inch wheels, driver convenience package, a hands-free power liftgate, heated steering wheel, and memory functionality for driver’s seat and outside mirrors.
  • GMC Terrain Denali – the Denali trim comes with a larger engine, enhanced suspension, 19-inch wheels, dual exhaust outlets, LED headlights, a six way power front passenger seat, and a seven speaker audio system. Interested leasers can unlock the adaptive cruise control, ventilated front seats, and heated rear outboard seats for $1,445.

Engine Capacity

The GMC Terrain SL, SLE, and SLT feature a 1.5-liter turbocharged engine while the Denali trim has a 2.0-liter four-cylinder engine. Both engines come with nine-speed automatic transmission, standard front-wheel with an all-wheel drive for SLE and SLT.

Engine TypeHorsepowerTorqueTowing CapacityFuel Economy
1.5L cylinder170hp203lb-ft1500pounds27 mpg
2.0L cylinder252hp260lb-ft3500 pounds24 mpg

Passenger and Cargo Capacity

The GMC Terrain is only available as a five-passenger vehicle. It comes with a cargo capacity of approximately 29.6 cubic feet, which can expand to 63.30 cubic feet when folded.

Safety Features

Safety is an essential consideration when looking to lease a car. As for the GMC Terrain, all trims come with emergency braking, lane-keeping assist, forward collision warning, lane departure warning, rear cross traffic alert, blind-spot monitoring, rear parking sensors and much more.

How Much Does it Cost to Lease a GMC Terrain?

Putting an exact figure on how much it would cost you to take a GMC terrain lease deals in Michigan may not be possible. This is typical because several factors come into play when determining the cost of the GMC lease deals near me. In the big picture, these factors may not change the overall cost but affect the monthly costs. Below are the main factors that affect the cost of leasing a vehicle.

The Annual Mileage

When signing for GMC terrain lease deals, the lease dealer or car manufacturer typically caps the maximum amount of mileage the car should travel during the lease period. This is why you should always negotiate for more mileage if you doubt your limits. But how does this affect the cost? The less you drive the leased car, the less possible wear and tear on the vehicle at the end of the lease. Lease dealers can sell the vehicle at a higher price once the deal ends. This brings the monthly payments down, as there are reduced risks of incurring more damage.

Before approaching a dealer, calculate your annual mileage accurately. With this, you won’t have to pay for the excess and unnecessary miles. Note that if you surpass the agreed mileage limit, you will have to pay an additional mileage charge for every mile beyond the allowance. This cost varies depending on the manufacturer and model of the vehicle.

Initial Deposit Amount

The overall cost of the lease deal remains the same, but paying a higher deposit reduces the monthly payments. If you can’t afford to pay a sizeable amount upfront, expect a large monthly cost that will subsidize the low deposit. It, therefore, makes no difference in the total amount paid for the lease deal. Experts advise leasers to negotiate for no money down lease deals or pay a small amount upfront for several reasons.

Length of Contract

A good way to positively affect your monthly cost is taking a long term lease deal. The difference between a 24 months lease deal and a 48 months lease deal could mean $100 or more. The payout will definitely be the same, but you will be distributing the costs in a manageable way. As a rule of thumb, the longer the contract, the cheaper the monthly installments. This might not always be the case. Therefore, you should consult widely with your dealer to find information on which GMC Terrain trim will likely be cheaper for lease over a long term period. Make a point of taking several quotes with different contract lengths for better comparison.

Type of Lease Contract

Depending on the type of vehicle, the total cost for lease significantly differs between private and business lease contracts. In most cases, business and personal contacts have very similar costs but with slight exceptions. Some manufacturers offer heavy and attractable discounts for lease deals including VAT benefits for business expenditures. This may make it a cheaper lease deal option. Don’t be in a rush to take it, but research widely on both options to find one that provides a better deal.

Choice of Vehicle

In most cases, the best lease deals are available when manufacturers have a huge stock of cars that they are trying to give out within a given time period. During such periods, they offer heavy discounts that are convincing to most interested parties. As for car brokers or lease dealers, the best lease deals are available at the end of a quarter or month, especially if they haven’t met their targets. The type of vehicle, vehicle specifications, and additional features bring up huge differences. For instance, automatic vehicles will always attract more monthly payments compared to manuals.

Is GMC Offering 0 Financing?

Yes. GMC is currently offering no-interest financing in their vehicles for up to six years. This makes GMC terrain lease $99 deal very convincing and impressive, taking into account that the national average interest rates for six-year auto loans stand at 4.64%. This makes a good option for those who opt to purchase the vehicle over car leasing.

Frequently Asked Questions (FAQ)

Is a GMC Terrain a good car? 

Yes. GMC Terrain is a good car that ranks well in the compact SUV category. It comes with easy to use tech features that make driving fun. A decent engine offers competent handling and a gentle ride across all terrains. It has a spacious cabin with adequate legroom for comfortable driving. The car features 1.5-liter or 2.0-liter turbo-four engine, offering 170 horsepower and 252 horsepower, respectively. The engines have a nine-speed automatic transmission with a comfortable shift. The 2021 Terrain base model has an EPA rating of 25 mpg in the city and 30 mpg on the highway. It also comes with a host of safety features, including lane keep assist, automatic emergency braking, a rearview camera, forward collision warning, and pedestrian detection, among others. 

Which is better Equinox or Terrain? 

The 2020 Chevrolet Equinox and 2020 GMC Terrain Denali are decent cars with exceptional performance, handling and safety features. Both cars with many features as standard, including air conditioning, radio, power door locks, and power windows for comfort and convenience. Nevertheless, the Terrain comes with driver power seats and passenger power seats as standard features. There is less noticeable difference on safety features, interiors and payload and towing. The GMC Terrain is more powerful as it has a displacement of 2,000 cc while Equinox has 1,500 cc. Terrain has a 9-speed automatic power train while Equinox comes with a 6-speed automatic power train. The superior features and performance make the Terrain a better car. 

What credit score do you need for GM 0% financing? 

Getting zero financing is a reserve of the best customers. You will need to have a high credit rating to qualify for GM 0% financing. The actual history rating that you need for zero financing vary among dealer and thus, you may need to check with your local GM dealer. Nevertheless, customers with a credit score of above 680 are the most likely to get zero financing. That said, the benefit of zero financing can be extended to individuals with a rating of between 620 and 679. 

What interest rate is GM offering? 

In the midst of Covid-19 outbreak, GM has some of the best interest rates in the market. GM interest rate is to help individuals and businesses recover from the pandemic without stressful payments. GM Financial has a friendly zero percent financing for seven years, which represents a two-year extended repayment period. Furthermore, customers with A+ credit rating also get four months deferred payments. 

What is the best SUV to lease in 2020? 

Several SUV models can claim to be the best SUV to lease in 2020, but the 2020 Buick Encore is a standout option with affordable monthly payment. It has good safety and reliability rating. The car interiors are well-designed and feature an 8-inch touch screen display for all your entertainment needs. The 2020 Buick Encore lease deals start at $129 per month for 24 months with $2,209 due at signing. Customers can get $4,250 cashback on Encore models Excludes 1SV. 

The Bottom Line

It is always prudent to consult widely before settling for a lease deal. This will not only land you a perfect deal but also helps in selecting a good vehicle model. With 2020 GMC vehicles about to hit the market, search steadily for the best vehicle make with advanced features that have value for your money. The GMC Terrain is among the best SUV vehicles that have a lot to offer, especially if you find a good lease deal.

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