The Deery Advantage Plan is a new generation lease. It offers the opportunity to own the vehicle at any time during your lease. It works just the same as when you finance conventionally: you get the payoff from the lender and buy it for said amount. We’ve learned is that by choosing the conventional route, you would own an obligation for as long as the term of your loan; however, when you lease, you own three great options based on the Guaranteed Future Value: If the vehicle is worth more, you can sell and pocket the profit; it it’s worth the same and you Love it, you can pick it up for the Guaranteed Future value and the vehicle is yours; or, if the vehicle is worth less than the Guaranteed Future Value, you can simply walk away from a potential loss.

Mileage affects the value whether you buy or whether you lease; the more you drive the more the vehicle depreciates. 

However, when you lease you are able to build in your mileage cost upfront at a lesser cost than if you wait till the end of your agreement. For this reason, please tell us how many miles you intend to drive so we properly calculate the monthly investment; and so you don’t have any surprises when your lease ends.

Wear and tears work the same way whether you lease or buy. Dings, dents, tears, etc., impact the value of your vehicle. However, you can protect yourself from unnecessary expenses by acquiring a wear and tear insurance policy through our Finance & Insurance department.

Just like when you purchase, Yes! The process is the same; your vehicle  is appraised, your pay off is obtained, and a proposal on a new or preowned vehicle is presented to you. If the timing and the numbers make sense, you can decide to sell or lease another vehicle of your choice.

Insurance might be a bit higher since the leasing company may require the most comprehensive coverage to minimize a potential financial loss in the event of a major accident. In exchange for a potential higher insurance coverage, most leasing agreements include Gap Insurance. This is something which needs to be reviewed by one of our Finance & Insurance managers.

Modifying your vehicle is not an issue as long as you return it in its original condition. It is important to consider however that making major changes may invalidate your new vehicle warranty; whether you finance the vehicle conventionally or under the Deery Advantage Plan.