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Introducing the newest DIMO ecosystem partner: Lease End

January 11, 2023

Leases are hard.

Leasing a vehicle can be a great option for many people, as it allows them to drive a newer car for a lower monthly payment than if they were to purchase it outright. However, despite the many benefits of leasing, getting a good deal on a leased vehicle can be difficult and often confusing for consumers.

One of the main reasons that it can be difficult to get a good deal on a leased vehicle is the many hidden fees and charges that are often associated with leasing. These can include things like acquisition fees, disposition fees, and even charges for exceeding the mileage limits on the lease. These fees can add hundreds or even thousands of dollars to the overall cost of the lease, making it much more expensive than it appeared at first glance.

Another reason that it can be difficult to get a good deal on a leased vehicle is the lack of transparency in the leasing process. Many consumers find that the advertised monthly payment for a leased vehicle is not what they end up paying in the end, as there are often additional charges and fees that are not included in the advertised price. This can make it difficult for consumers to compare different leases and know if they are getting a good deal or not.

Finally, many consumers find that they are in a difficult position when their lease is up, and they are faced with the decision of whether to purchase the vehicle or turn it in. Even if they have taken great care of the vehicle, they may be charged with extra fees or penalties when they turn it in.

Enter Lease End, DIMO’s Newest Partner

Lease End focuses on helping consumers save money on their leased vehicles by providing expert guidance on how to navigate the often-complicated process of ending a lease. The service helps users navigate the many options at the end of a lease, and can even help facilitate the buyout process and secure financing for the continued ownership of a leased vehicle. By providing this service, Lease End helps consumers to save thousands of dollars on their leased vehicles. Even better? All of this can be done without ever stepping foot into the dealership - and in most cases, even the DMV, saving users several hours. Lease End handles the entire end of lease transaction from beginning to end - including registration and titling.

$DIMO Tokens Earned

The best part? DIMO users will earn $DIMO tokens for successfully transacting on a lease through with Lease End, allowing users to truly maximize the value of their vehicle. In time, DIMO will be further integrating DIMO data into Lease End, allowing their lending partners more insight into DIMO-connected vehicles’ health, and ensuring DIMO users receive the lowest interest rates possible when refinancing a leased vehicle.

Learn more about this partnership at a free virtual community event hosted by DIMO, where you’ll have a chance to talk to the Lease End team about their offerings! Sign up for the event here: https://lu.ma/xhnqgacy

Written by: Colin Knudsen Ecosystem Revenue Manager

Colin Knudsen is a car nerd at heart, and in practice. Having bought and sold upwards of 25 personal vehicles, and assisted others with 100s more, Colin is always willing to apply his immense vehicle transaction knowledge to anyone who will listen. Prior to DIMO, he built and maintained a fleet of 50+ vehicles for an automotive recall-awareness startup, and was an integral part of growing the company from 5 employees to 300 in just 18 months.

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