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Workspace Autovance
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Created by Colten Lumley
Created on Nov 21, 2022

Enforce minimum leased amount

Taken from the GM Incentive Summary Chart:


Leases will be denied by GMF if the balance is <$2500. For example, on a $40,000 sale with a $20,000 residual, customers cannot put $18,000 down, resulting in ~$2000 leased (minus interest). Many other lease lenders have similar limitations, such as Ford.

We also believe that Honda has a requirement for $1,000 as the minimum lease amount.

I would like Autovance to enforce this requirement so that we do not accidentally quote leases that cannot be completed.

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