Vehicle leasing is on the rise, but having a non-prime or lower credit rating makes it difficult for consumers to reap the same benefits as new car lessees.
That’s why DriveTime, a used car dealer and financing company, has made its Cancel Anytime lease program more accessible across the U.S., now available in 126 of its dealerships.
Introduced about a year and a half ago, DriveTime said it created a used car lease option that provides consumers access to a vehicle with a down payment under $1,000 and the ability to walk away from the car at any time and cancel their 30 month lease, without affecting credit scores or incurring financial penalties.
To help drive service retention, DriveTime said consumers who opt for the Cancel Anytime Lease program receive a complimentary maintenance package which includes oil changes, along with a limited warranty that lasts the lifespan of the lease and covers all critical vehicle components.
“By giving greater flexibility with our lease program, we are able to better serve our customers, giving them access to a vehicle on their own terms, so that they can experience many of the same benefits of vehicle ownership, without the drawbacks,” said Chris Braddock, VP, DriveTime, in a press release.
