The phrase references a particular marketed supply pertaining to the all-electric GMC Hummer EV, suggesting a month-to-month fee of $699 for a lease settlement. This determine is a key ingredient in advertising campaigns designed to draw potential prospects inquisitive about buying the automobile with out buying it outright.
Promotional lease provides similar to this could considerably decrease the barrier to entry for shoppers who want to expertise electrical automobile know-how and the Hummer EV’s distinctive options. Such preparations sometimes contain an preliminary down fee, specified mileage limits, and a contract length, permitting people to benefit from the automobile for a predetermined interval earlier than returning it. These promotions are influenced by elements like automobile availability, producer incentives, and prevailing rates of interest.