The Cancel Anytime Lease: A Game Changer for Drivers

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learn-leaseIf you have considered leasing a vehicle, you probably know that there are some potential headaches involved. Particularly if you have bad credit or no credit, the leasing process can involve some financial concerns, among them potential repair and maintenance costs for the vehicle, the cost of monthly payments and insurance, and up-front costs.

In addition, you will be signing a lease with a term of 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 is 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

DriveTime is introducing a brand new way to go about leasing cars. Called the “Cancel Anytime Lease,” it is just what it says – you set the lease terms (Standard lease term is 30 months, but you can cancel at any time), and you are in the driver’s seat. Here are just a few benefits of the Cancel Anytime Lease program:

Cancel, Exchange, or Upgrade Anytime

Whenever you want or for any reason, simply bring your car into the DriveTime dealer and cancel the lease. Or, you have the option to exchange your car for another vehicle, upgrading your experience. You can even purchase the vehicle – anytime! If that seems too good to be true, I’d better say it again. You can cancel your lease at any time with no penalties. How great is that?

Less Due at Signing

The lease terms mean less money down due at signing, resulting in a 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 with as little as only $795† down.

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. In addition, drivers 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. 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! In addition, you can get payment credits for referring friends to the program. In every way, the Cancel Anytime Lease program is all the benefits of leasing and none of the drawbacks!

It is an exciting time to be considering leasing. The Cancel Anytime Lease program should be at the top of your list for the best leasing options out there. Visit DriveTime for more information and to get involved in the program today.

Have you seen our commercial for the Cancel Anytime Lease? Watch below and let us know what you think in the comments!

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42 Comments on “The Cancel Anytime Lease: A Game Changer for Drivers

  1.  by  David Fudge

    I am a retired Canadian who has a condo in Pompano Beach. For the last 10 years I have come down to Florida for six months every year. I am interested in leasing a vehicle at the beginning of November and ending my lease in the middle of May….then repeating the whole process again next November. I will commit to this arrangement for several years, plus, if you wish, I will contact many Canadians who may want to do the same. Please advise if you are interested my proposal.

    •  by  DriveTime

      Hey David,

      The Cancel Anytime Lease is perfect for you, but there is still no need to commit. Simply drop in when you want to lease a vehicle from us and bring it back when you’re done with it and we’ll see you again in November! You can find the DriveTime dealership nearest to you in Florida right here: https://www.drivetime.com/Dealership/Find/florida

  2.  by  Steve

    This looks like it would be perfect for me. Unfortunately I live in the Chicago suburbs and there aren’t any Illinois dealers participating in this yet. Do you foresee doing business in Illinois anytime soon?

    •  by  DriveTime

      Hey Steve, we didn’t want to ruin the surprise, but since you asked…yes! It’s not on our schedule for 2014, so sit tight or you can visit one of our dealerships in Indiana or Missouri.

  3.  by  sally varela

    How can i find out if my lease at drive time is a cancel anytime lease?

    •  by  DriveTime

      Hi Sally, all of our leases are under our Cancel Anytime Lease program. If you have questions about your lease, feel free to give us a call at 1-888-781-5455.

  4.  by  josue loera

    are all the cars in the dealers available for this program or only specific kinds?

  5.  by  stacy

    What about current car owners thru drivetime?How can we participate?

    •  by  DriveTime

      Stacy, current DriveTime customers are eligible to take advantage of our Cancel Anytime Lease program. I’d recommend giving us a call at 1-888-781-5455 so we can review your account and let you know what the next steps are. Thanks for being such a loyal customer!

  6.  by  stacy

    Called Corp and dealer in Austin.both said I couldn’t do it.

  7.  by  Greg Rainbolt

    Is there a down payment required and does all credit qualify?

    •  by  DriveTime

      Hey Greg, for lease vehicles we are offering down payments at $895 for our starter-class vehicles. Your credit doesn’t matter and we include a life of lease limited warranty! You can find out more by visiting our lease website.

  8.  by  Jesse

    How much are the monthly Payments? Does it depends on your credit?

    •  by  DriveTime

      Hey Jesse, your credit score is only factor into the equation. Down payment and the vehicle you choose will mostly determine what your monthly (or bi-weekly) payment is. You can find out by getting approved online then heading into a dealership to find out what your payment would be for the vehicle you want.

  9.  by  mary

    Sure wish I had been told about this last fall. I would’ve leased rather than buy. Dang!

  10.  by  Briana Williams

    Is there anyway that you can lease to own a vehicle?

    •  by  DriveTime

      Hi Briana, you do have the option to purchase the vehicle at the end of your lease term. You can also extend the lease or upgrade vehicles (or downgrade, but who wants to do that?). Your local dealership will be the best source of information to find out more.

  11.  by  Tyler

    Hello,

    Just curious, what are the insurance requirements for a leased vehicle? is comprehensive required? Would liability and uninsured/under insured motorists be sufficient enough?

    •  by  DriveTime

      Tyler, the insurance requirements vary by state but I believe you’ll be pleasantly surprised that in most states, we cover some of the costs of insuring the vehicle. Give your local dealership a call and they can tell you exactly what the insurance requirements are for leasing a vehicle and answer any additional questions you may have.

  12.  by  Graham

    I need something like this from beginning of July, but you don’t have any dealers in Connecticut. Any plans for rolling out in CT?

  13.  by  ashley

    a friend of mine recently was approved with a very low down payment for the lease to own program, my question is if I were to be approved for a low down payment as well and I decide to put more down, would that make my monthly payments lower or would it not affect the payment amount? for example, I get approved for a $999.00 down payment and $250.00 monthly payment but I choose to put down $2500 for the down payment….will my monthly payments go down or would it stay the same?

  14.  by  Virginia

    Hi. About a year ago I purchased a 2005 Mazda 6 from a dealership in North Little Rock, Arkansas. I came across this page today and was wondering if I wanted to upgrade my car to let’s say a 2012 Dodge Avenger that the dealership has, does that cost? Will my payments change? And if anything cosmetically has happened to my current car (tint started to peel, led dash went out) does that render me unable to do the exchange

  15.  by  Wayne

    Are there different down payment amounts for different class of vehicles?

    •  by  DriveTime

      Hi Wayne! Assuming you are talking about our lease program, yes, the down payment does vary by class of vehicle. The down payments start at $895* and increase from there for the two additional classes. Your local DriveTime dealership can show you available lease inventory and go into the details about the down payment for each.

  16.  by  James Binford

    I would like to lease through your program, but I need a vehicle that I can use for work. Can I still lease through your program?

  17.  by  CB

    What is the monthly income requirement for the lease program? Do you have to make over $3,000 a month? Gross or net?

    •  by  DriveTime

      Hi CB, most customers with a minimum income of $800 gross per month find our lease program is right for them. Stop into your local DriveTime dealership for additional info on the requirements (it’s not much more) and availability of lease vehicles.

    •  by  DriveTime

      Derrick, you can drive up to 18,000 miles per year, much more than your standard lease! There is a small charge for mileage that exceeds 18,000 miles in 12 months.

  18.  by  Paul

    Do you consider trade in with negative equity that could be rolled into the lease price/payment?

  19.  by  Am

    Hey there is there a price range for starter one vehicles..? What determines if u get denied leasing options and what if you have terrible credit ?

  20.  by  Raymond Moore

    I currently have a car finance thru drivetime and have about $6800 left on the loan and was thinking about getting another car when i got it below $4500 but was wondering if the lease option would lower my monthly payment? currently i pay $172 biweekly, was wondering if i could get out of the finance early and get into a lease for cheaper?

    •  by  DriveTime

      Hi Raymond, give your local dealership a call or stop in and ask about our CHAMP program. We reward our loyal customers by offering them a lower or no down payment option on their 2nd vehicle and a lower interest rate. They can also go over our lease program and see if that is something that might be a better option for you as well.

  21.  by  Rooz

    Hi,

    I just moved in to Charleston area. I have no credit history yet! I need a vehicle to commute! Is drive time right for me? How much, on an average, do I have to pay for month?

    •  by  DriveTime

      Hi Rooz, we can certainly help you! We specializing in financing used car buyers with no credit. Your payment will vary on your specific approval, vehicle you choose and the down payment amount. Have you started the process with our quick, 2 minute approval or browsing for a car on our website?

  22.  by  Jacob

    I recently joined the lease program in the greensboro nc area and I love it. But have a question I realize that I’m leaseing the vehicle and mine times out of ten I will purchase once my lease is up but can you add mods to the vehicle such as tint?

  23.  by  Leonard Price

    I have joined the lease program and was wondering am I able to upgrade to an vehicle anytime as stated? The reason for asking this question is because I have heard different answers even from the dealership itself. I have already leased a vehicle in the highest tier as of now. And another question is, if there is a vehcile at another sister dealership in the area that has a vehicle that I am interested in swapping out, could I do so?

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