The following are some frequently asked questions regarding GMAC's SmartBuy and SmartBuy programs.

1. What is SmartBuy?
   Smartbuy is a program that enables you to own your vehicle and lower your monthly payments. The low payment is possible because each month you pay for the portion of the vehicle you expect to use, plus a finance charge.
   
   
2. When do you select the end-of-term option that ’s right for you?
   When the balloon matures, you can: 1) Keep the vehicle and make a final balloon payment for the outstanding SmartBuy balance; 2) keep the vehicle and refinance the outstanding balance; 3) sell the vehicle yourself, pay the outstanding balance and keep any profit; or 4) sell the vehicle to GMAC for the contracted balloon amount less the $250 disposition fee and other charges.
   
   
3. Are SmartBuy term lengths flexible?
   Yes. There are a variety of SmartBuy term lengths. Ask your Pontiac, GMC or HUMMER Dealer for details.
   
   
4. Who is responsible for maintaining and insuring your SmartBuy vehicle?
   You are responsible for all maintenance on your vehicle, such as oil changes.
   
   
5. Does the new vehicle warranty cover SmartBuy?
   Yes. Ask your Pontiac, GMC or HUMMER Dealer for limited warranty details.
   
   
6. Can you get extra mechanical coverage?
   Yes. The General Motors Protection Plan, available from your Pontiac, GMC or HUMMER Dealer, has been designed to provide a wide range of time/mileage coverage’s.
   
   
7. How can you avoid excess wear charges on your new SmartBuy vehicle?
   Keep your vehicle in good working condition, repair any damage and excess wear, and follow the recommended maintenance schedule in your Owners Manual.
   
   
8. How many miles can you drive a year?
   The standard agreement allows you 15,000 miles per year. You can also arrange for additional mileage at the beginning of your contract. If you exceed the mileage agreed to on your SmartBuy contract, you’ll only be charged for excess mileage if you sell the vehicle to GMAC at the end of the SmartBuy contract, instead of retaining ownership.
   
   
9. Can you trade your vehicle before the SmartBuy contract is up?
   Yes. You can terminate your SmartBuy contract by notifying your Pontiac, GMC or HUMMER Dealer or GMAC. Your dealer or GMAC can inform you of your early termination obligations.
   
   

1. What is traditional financing?
   Traditional financing is an installment sale transaction between you and your dealer whereby you agree to pay the amount financed, plus an agreed upon finance charge, over a period of time.
   
   
2. How do you know if traditional financing is right for you?
   Generally, if you plan to drive your vehicle for more than just a few years, you consistently drive well over 15, 000 miles per year, you subject your vehicles to rough treatment, you plan to alter the vehicles appearance, or you feel more comfortable with the idea of owning a vehicle, traditional financing is probably a better option for you.
   
   
3. How does traditional financing compare to a SmartBuy?
   A SmartBuy is a financing option that lets you pay for the portion of a vehicle you expect to use over a specified term, plus a rent charge, taxes and fees. With A SmartBuy, you can get affordable monthly payments, a new vehicle more often, more vehicle for the money, and no resale or trade-in hassles. With A SmartBuy you do not own the vehicle, you return it to your dealer at lease end unless you choose to exercise the purchase option as defined in your lease agreement.
   
   
4. Where do you go for traditional financing?
   GMAC traditional financing is conveniently available right at your Pontiac, GMC or HUMMER Dealer. Most banks, credit unions, and automotive financing companies also offer traditional financing.