How many people have this and do you like it?
If you already have had it and wnet through is could you give details about what happens like at the end.

 

ummm dumb question...what is it? lol

 

smartbuy is like a lease only you own it. you can turn it in at the end of the term for $250 disposal fee. you have to pay sales tax upfront and such though. payments a basically what a 72 month loan is.

 

I know Ford used to have a problem like this and people we're getting raped. Why not just get a 72 month loan if you plan to buy..?

 

Yes it is kinda like a lease but this is what i know of it

You have a 4 year loan if you want to say
After that is a bubble payment which you can pay out or refinance the rest of it at the end of the 4 years

In way its much better than financing it over 6-7 years and payments are cheaper too


Hope that helps
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Heres some info i found about your question


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. At the end of your contract you have several options, including a final balloon payment or the advantage of simply returning your vehicle and paying a $250 disposal fee. (SmartBuy™ is available with modifications in North Carolina and Washington, D.C.)
SmartBuy™ offers a variety of advantages:

* Low monthly payments
* Several options at the end of your contract, including a final balloon payment
* SmartBuy™ contracts are conveniently arranged at your GM Dealership

SmartBuy™ also gives you various options at the end of your contract:

* Keep the vehicle and make a final balloon payment for the outstanding balance
* Keep the vehicle and refinance the outstanding balance
* Sell the vehicle, pay the outstanding balance and keep any profit
* Return the vehicle to the dealer and pay a $250 disposal fee

GMAC offers qualified buyers two leasing options, SmartLease™ and SmartLease Plus™. GMAC SmartLease™ has various advantages over traditional financing options:

* Low down payment
* Low monthly payments
* No resale or trade-in complications
* SmartLease contracts are conveniently arranged at your GM Dealer

Because you’re only paying for a monthly portion of the vehicle you’re using during your lease term, SmartLease™ monthly payments are significantly lower than the traditional financing you’d receive from a bank or credit union. You can also either return the vehicle to your GM Dealer when your lease is complete, or you may exercise your option to purchase At the end of the lease term, you have the option of returning the vehicle or purchasing the vehicle
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 specific period of time.

 

i did a smart buy, because I am in college, work part time, and do not plan to keep the car for more than my lease period

it's a similar idea to renting a house or buying a house

personally, i prefer to hop from new car to new car every couple years with little hassle of selling/buying a new car

if you want to modify your car, or want to keep it after your lease period, smartbuy is not for you

 

I did the smart buy when I had my cobalt because of ZERO down at signing.

But what most don't tell you is after 3 months you can refinance the car under ANYONE and get lower payments, and the car is 100% yours with out the $250 fee.

 

i did smart buy also. pretty good rebate and i intend on keeping the car anyways so i was just in it for the rebate.