Leasing vs. Buying a Car

D&M Leasing pic
D&M Leasing
Image: dmautoleasing.com

For more than 38 years, D&M Leasing has developed customized lease agreements for clients. D&M Leasing has customers in Dallas, Fort Worth, Grand Prairie, Houston, and other Texas communities and provides service at all stages of the leasing process, from vehicle selection to delivery.

When a customer buys a car, he or she commits to paying its full value, regardless of intended amount of driving or wear. This commitment means that the buyer will keep the car indefinitely and will also assume full responsibility for any repairs the car needs during its lifetime. The owner may sell the car at any time but would only receive its depreciated value.

In contrast, a customer who leases a car has the right to drive the car for a specified period of time, although the leasing entity retains ownership of the car. The leasing company provides rights in exchange for specified up-front costs, which may include a security deposit and the equivalent of a down payment as well as the first month’s costs. Monthly charges are typically significantly less than the payments a buyer would make on a car loan, as charges only cover depreciation and any applicable taxes. The customer must return the car at the end of the specified period, although he or she may be able to purchase the vehicle or sign a new lease at the end of the term.

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