LEASE BUYOUT FAQ
The Trusted Name in Auto Refinance
Answers to Common Questions
Lease Buyout Loan Frequently Asked Questions
To be eligible for financing the purchase of your lease with Mode, you must meet the following criteria:
Most applicants will have a decision within 24 hours.
Once you’re approved and sign your contract, you’ll receive welcome information from GM Financial confirming things like your monthly payment, first payment due date and instructions on how to set up your online account.
You don’t want to be saddled with major repair bills in the event of a mechanical breakdown. ModePlus VSC pays for covered repairs after the manufacturer's warranty expires.
In the event of a total loss on your vehicle, ModePlus GAP, or Guaranteed Asset Protection, can help cover you where the insurance settlement is less than the outstanding balance of your loan.2
If available in your state, you can purchase one or both optional products when you apply with Mode. Payment will be included in your loan, so there’s no upfront cost.
Get peace of mind and be protected from unexpected, covered costs with ModePlus VSC and ModePlus GAP.