Why would a car dealer need registration for non-GMAC vehicles at my home as part of a lease agreement?

Question:
The finance mgr at the dealership where I just leased my car wants the registration for my dad's Ford 150 pickup as part of my lease agreement which I got a $500 rebate. My dad refuses to be a part of it and I might have to turn in my new Pontiac. I used rebates and discounts for the down pymt. I asked that the $500 be tacked onto the cost of the car but the irate guy who called said "it don't work like that". I asked how does it work, he didn't explain. So, what's in it for him. Can anyone explain this. Should I just turn in the car after one month.

Answers:

I really am hooked on the Smart car, where can I get a good deal on one?

They might need it to show GMAC that you actually did have a trade in... I would make a copy as they have no need for an original. If that does not work ask to talk to the GM or Finance Director.

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