New Car Lease Deal Auction
A revolutionary way to lease a car.
You decide how much you want to pay for your car!
Whoever bids the highest – gets the deal!
How It Works
- Browse Available Auctions
Explore our website or app for the latest lease auctions. Each car listing includes details like make, model, lease terms, starting bid, and any specific customer requirements. - Review Auction Requirements
Ensure you meet the auction-specific requirements, such as a minimum credit score (e.g., 700) or holding a membership like a Costco Store Card. - Join the Auction
Select a car and join the auction. Each auction starts at a low monthly lease payment, such as $200/month. The minimum bid increment is just $10. - Place Your Bids
Bid competitively to secure the best deal. You can bid manually or use auto-bidding to set your maximum price. - Win the Auction
The highest bidder at the end of the auction wins the lease deal, provided they meet the specified requirements. However, winning the auction does not guarantee final approval. - Complete Final Approval
After winning, you have two options to proceed with final approval:- Online Application: Fill out the credit application on our website.
- In-Person Visit: Visit our office to complete the application.
We will review your credit and other qualifications to confirm eligibility for the car.
- If You Don’t Meet the Requirements
If you fail to meet the auction requirements or final approval process, the offer will automatically go to the next highest bidder. This ensures the car deal is completed fairly and promptly. - Pick Up Your Car
Once approved, visit our dealership to finalize the paperwork, make the down payment, and pick up your car. Enjoy driving your brand-new leased car with the deal you won!
Reviews
Questions
A: Our auctions start with a low monthly lease payment, and bidders compete by placing higher offers. The highest bid at the end of the auction wins, provided the bidder meets the auction-specific requirements and passes the final approval process.
Q: What happens after I win the auction?
A: After winning, you must complete the final approval process by submitting a credit application online or visiting our office. Once approved, you can finalize the lease and pick up your car.
Q: Why is there a final approval process?
A: Winning the auction means you are eligible for the deal, but we still need to verify your credit and qualifications to ensure you meet the lease requirements.
Q: What happens if I don’t meet the requirements or fail the approval process?
A: If you don’t meet the requirements or fail the approval process, the offer will go to the next highest bidder.
Q: Are there any hidden fees?
A: No hidden fees! The down payment, lease terms, and any requirements are clearly outlined for each auction.
Q: Can I cancel my bid?
A: No, all bids are final. Please ensure you meet the auction requirements and are ready to commit to the lease before bidding.
Q: Do I need to pay the full lease upfront?
A: No, you only need to pay the specified down payment at signing. The monthly payments will follow the lease agreement.
Q: Can I test drive the car before bidding?
A: Test drives are not available during the auction process. However, all cars are brand new and under the manufacturer’s warranty.
Q: What if I don’t live near your dealership?
A: While the winner must visit our dealership to finalize the lease, you can contact us for assistance in coordinating logistics.
Q: Are the lease terms negotiable?
A: No, the lease terms (down payment, duration, mileage limit) are fixed and stated in the auction details.
Q: Can I bid on multiple cars?
A: Yes, you can participate in multiple auctions, but remember that all bids are binding.
Disclaimer
Auction Disclaimer for Dream Cars Auto Sales and Leasing
Dream Cars Auto Sales and Leasing
Location: 400 South Central, Glendale, CA 91205
Operating under California state laws and regulations.
Eligibility
- Auctions are open to California residents aged 21 and above.
- Participants must meet the specific qualifications outlined in each auction, such as credit score requirements or membership conditions.
Bidding and Auction Rules
- Legally Binding Bids: All bids are legally binding. Participants agree to honor their bids and complete the leasing process if they win the auction.
- Final Approval Required: Winning an auction does not guarantee the lease. All winners are subject to a final approval process, including credit checks and qualification reviews. Dream Cars Auto Sales and Leasing reserves the right to decline leasing a car to any individual if we determine it could present future challenges.
- Backup Winners: If the winning bidder fails to meet the requirements or refuses to finalize the deal, the offer will go to the next highest bidder. If that bidder also fails to qualify or declines the deal, the auction will be canceled.
- Ban Policy: Participants who do not respond to communication after winning an auction may be banned from future auctions.
- No Refunds: All sales are final, and no refunds will be provided.
Car and Lease Terms
- All cars listed in auctions are either brand-new or demo models.
- Lease terms, including mileage limits and down payments, are specific to each auction and are clearly stated in the auction listing.
- Lease agreements are provided by the dealership offering the car.
Liability and Errors
- Listing Errors: Dream Cars Auto Sales and Leasing is not liable for any errors in auction listings, including incorrect pricing, vehicle details, or system malfunctions.
- No Dispute Resolution: We do not provide arbitration or other formal dispute resolution processes.
Privacy Policy
- By participating in auctions, you agree to provide personal information necessary for the bidding process.
- Dream Cars Auto Sales and Leasing may use your information to send offers for lease deals, specials, and promotions. You can opt out of receiving promotional communications at any time.
Auction Cancellation and Modification
- Dream Cars Auto Sales and Leasing reserves the right to cancel or modify an auction at any time without prior notice.
Online Auction Platform
- All auctions are conducted online. Participants are responsible for ensuring they have reliable internet access to participate.
By participating in our auctions, you acknowledge that you have read and agreed to these terms and conditions.
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