Q: How is MotorEnvy different than other leasing companies?
A: The main difference with MotorEnvy is we specialize in lease financing for pre-owned vehicles. Because of this focus, we can now offer shorter lease terms as well as lower monthly payments in comparison to leasing new. If a client joins our membership program, they will also have additional benefits such as limited power train warranty on the leased vehicles as well as waiving of any early termination penalties!
Q: How do I acquire a lease through MotorEnvy?
A: When shopping for your next pre-owned vehicle, ask your dealer if they offer leasing via MotorEnvy. Our dealer network is setup to process our leases and you’ll be enjoying your new-to-you vehicle in no time. If your dealer doesn’t currently offer MotorEnvy, or if you are buying a vehicle from a private party, please go ahead and fill out this lease application and email to email@example.com and one of our representatives will promptly get back to you with a quote.
Q: Are there any mileage limitations with MotorEnvy leases?
A: Yes, our standard leases allow either 5,000 or 10,000 miles per year, depending on the vehicle. If more is required we are happy to take a look at custom tailored solutions for your specific needs.
Q: How do I qualify to lease through MotorEnvy?
A: Currently MotorEnvy only works with individuals with top tier credit (FICO credit scores of 680 and above). In fact, most of our existing leasing customers are in the “Super Prime” category with FICO scores of 740 and above.
Q: Will I be responsible for maintenance or repairs?
A: All membership program participants will not be responsible for maintenance or repairs as these are included as part of the service. All other lessees are required to follow the manufacture’s recommended maintenance intervals at their own expense. Proof of proper maintenance will be required at vehicle turn in and penalties will be levied on any vehicles that weren’t maintained according to manufacture service plans. If a pre-owned lease vehicle is still under factor warranty then repairs will be covered by the manufacture. If a pre-owned lease vehicle is out of warranty the lessee can opt to purchase 3rd party extended warranty at the time of vehicle acquisition. If there are no warranty on the leased vehicle the lessee is responsible for all the repairs.
Q: Will I be required to have auto insurance?
A: Lessees have an obligation to acquire adequate insurance coverage for the vehicle during their use, with MotorEnvy being named as “additional insured”. Lessees are also required to get “gap” insurance. More info can be found by contacting us.