DCL emerged from a dealership owner's realization that many deserving customers were not being approved or were being presented with extended, high-interest rate loans. Recognizing the need for a more favorable option, we developed DCL as an ideal solution for dealers who seek to control their loan process.
Opting for a short-term lease vs. a long-term loan with high-interest rates, allows the customer to significantly shorten the trade-in cycle. This will significantly lower the total cost of ownership. Additionally, customers can collaborate with the credit education team allowing them, to improve their credit scores.
We provide training to your dealership on our structured interview process and share best practices for underwriting.
Customers are automatically enrolled in a free 4-month credit education program. After the initial period, dealers have the option to continue paying for the service on behalf of their customers. The program provides customers with direct access to a credit coach who will create a personalized plan to help improve their credit scores. While there are no guarantees on how much a customer's credit score will improve our average credit score improvement is 160 points.
Lease-Here-Pay-Here is available in all 50 states. We support all 50 States with Reynold and Reynolds contracts.