Auto Leasing Reaches All-Time High in 2015

D&M Auto Leasing Image: twitter.com
D&M Auto Leasing
Image: twitter.com

 

Established in 1976, D&M Auto Leasing, sometimes referred to as D&M Leasing, has leased automobiles to thousands of satisfied customers. The majority of its business comes from repeat and referral customers, proving that clients like the way D&M Auto leasing manages its business. The company’s base of operations is in Grand Prairie, Texas, but customers come from the Dallas-Fort Worth Metroplex, Houston, and other parts of the state to work with the company.

The auto leasing industry reached an all-time high in the first quarter of 2015. Experian Automotive reports that 31.46% of financed new vehicles were leases during the first three months of the year. Industry experts agree that the rising trend will continue, but most did not expect the rate to exceed 30% or rise as quickly as it did.

One reason leasing has become popular in recent months is that it offers a more affordable payment on vehicles with higher price tags. According to the senior vice president of TransUnion, Pete Turek, leasing will continue to grow because people can get better technology for their money by leasing.

Apart from that, vehicle prices continue to rise. The average amount financed on new vehicles increased $1,000 during the first quarter of 2015. The average monthly lease payment for the same period was $7 less than it was at the same time last year. That makes leasing a more attractive option for many people.

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