You are correct there, however in the event of using a leasing company, there is nothing that goes to a dealership. I only know this because when i worked for a large dealer group in des moines, one of the employee benefits was a Barco truck lease.Then Barco would get the payments. Things changed since I was at the dealership then (which was a few years ago so very likely) but any vehicle that wasn’t considered a sale had a prep payment made. You have to inspect them off the truck and then Make sure everything was correct (oil level/tire pressure type stuff, wash it, and some needed to have the plastic wrap pulled off them.
If it is a regular lease through an Ally/GM/CCAP, then the Collective becomes the lessee and purchases through a dealer. At that point the dealership would receive the prep money