I’m interested in leasing a GM car and noticed that GM Financial offers a prequalification tool. I have a couple of questions about this:
Is the prequalification tool only for vehicle purchase financing, or can it also be used for leasing?
Since I don’t have a specific dealership in mind, the tool still requires me to pick a dealer. Can I just select a random one to proceed, or is there a way to check the prequalification status for a lease without selecting a specific dealer and getting flooded with annoying calls?
Any advice or insights would be greatly appreciated!
I wouldn’t waste any time with this. It appears to be just a soft pull (“no impact to your credit score”) that ultimately won’t matter. The dealer will have to run your credit regardless.
And as soon as you enter a model and dealer I would fully expect to get peppered with calls and emails from both GM and the dealer.
If you are unsure of your credit then definitely get a handle on that before looking at leasing (or buying). There are plenty of cheap and easy ways to do that that are not affiliated with GM or any car manufacturer.
