If you have considered leasing a vehicle, you probably know that it’s not typically as straightforward as the commercials featuring $0 down leases make it out to be.
Particularly if you have bad or no credit, the leasing process can involve some major financial hurdles, among them, repair and maintenance costs for the vehicle, the cost of the monthly payments and insurance, and hidden up-front costs.
People typically want a lease for its flexibility, however, you will be signing a lease with a term that will last at least a few years, tying you to that single vehicle for the foreseeable future, whether or not your financial circumstances or anything else in your life changes during that time.
Buying a car can be an even more unpalatable alternative, bringing its own set of expenses and complications, and tying you to one car for even longer than a lease. If only there were another option…
Introducing the Cancel Anytime Lease by DriveTime
DriveTime is introducing a brand new way to go about leasing cars. Dubbed the Cancel Anytime Lease, it is just what it says – you set your own lease terms (although the standard lease term is 30 months, but you can cancel at any time), and you are in the driver’s seat. It’s not just the ability to cancel and return your lease at any time that’s unique, either.
Cancel, Exchange, or Upgrade Anytime
Whenever you want and for any reason, simply bring your car into a DriveTime dealership and cancel your lease. Or, you have the option to exchange your car for another vehicle, upgrading your experience. You can even purchase the vehicle at the end of your lease. It’s entirely up to you.
Less Due at Signing
The lease terms mean less money down due at signing, resulting in a clear, low up-front cost to you, as well as affordable term payments and lower cost insurance. Not only will you be able to cancel anytime, but you will pay less for that privilege than you would for a stricter traditional lease. The Cancel Anytime Lease has all the best qualities of leasing with none of the drawbacks, starting on average with $895 down (see lease disclosure for details, including terms).
Life of Lease Limited Warranty
Unlike many other lease programs, which do not cover service during the lease period, the Cancel Anytime Lease comes with a limited warranty on all major parts, including critical engine components, the drivetrain, A/C, and more. Drivers also get complimentary oil changes and brake service for the life of the lease.
More Savings, More Rewards
The Cancel Anytime Lease program offers higher mileage limits than most other leases – allowing you to drive up to 24,000 miles per year. While you drive, you earn credits toward your next lease or purchase through the Lease Rewards program – which, of course, you can use at any time.
It is an exciting time to consider leasing a used car, truck or SUV.