Help With 2021 Chevy Silverado Lease

Ask the Hackrs
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42

I think D & M buys the cars from dealers then leases them to the customers. They also run some D & M used car lots that they claim are selling their lease returns.

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43

They even lease used cars. My mind is blown. It screams predatory lending to me.

44

1794 Tundra - $569 on 36/12k miles ($0 Down, $569 First Payment Due at Signing) - I think that’s considerably better than doing 48 months on Silverado

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45

If you notice in the deal sheet OP posted, the lender is named as 4Stars. This corresponds to the Four Stars Auto Group in Texas, which is a dealer network that apparently the parent company of D&M leasing also owns? Talk about a major conflict of interest. They aren’t a broker service at all. I don’t even know what to call them.

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46

No technically they are.

But they control the interest rate, the residual, and of course the purchase price.

You’re really not getting a much better deal than if you go and buy at “one price” store.

There’s exceptions of course but they are far and few in between.

47

But how can you broker, or act as an intermediary to your own deals? Especially if you don’t disclose that to the customer in a transparent manner. The whole thing just seems kinda slimy.

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48

Oh for sure.

These guys are based in my town and I see them as more of an uptown buy here pay here.

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49

Whats funny is that I can’t find a Silverado on the (most likely) dealer’s site that corresponds to that MSRP.

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50

They buy from all over.

In fact when I go out to shop for new dealers to partner with, they are often mentioned.

51

I think this guy is the @NJRonbo of the DFW area.

You can show him what you have and he will most likely remain “loyal” to this predatory leasing/lending company like a battered spouse.

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52

Yeah, I am in Dallas area

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53

So $38,840 over the course of the lease… on a 35k sticker ($1,080/Mo. Effective for 36 Mo. :scream: )

:man_facepalming:

this should be illegal

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54

Hmm…lender for sub credit?

More than likely $1000 of that was spent on devices to allow the repo man to find, get in , start, and drive off with the car with just an app.

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55

To answer a few questions, 750 credit score last I checked. Never been in the 800’s, but always above 720.

I have been using them for 20 years, yes it looks like their business model has changed. No Bugatti, but I did once lease a Ferrari. I have 2 months until my current lease ends, I will not be leasing with them again, I agree, IMO these are predatory lending tactics.

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56

I hope not through them.

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57

I will be in touch, I am in no rush and considering a 4x4 SUV as well.

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