Texas-based D&M Leasing has guided business customers through the leasing of small automotive fleets since 1976. D&M Leasing specializes in fleet leasing from as few as five vehicles up to 100 or more, offering competitive pricing to fleet managers across the United States.
Leasing makes it possible for a business to acquire the vehicles it needs without requiring a huge capital investment. Leasing has low up-front costs, and lease payments are typically lower than purchase payments, which also helps a company’s cash flow.
Fleet leases are classified as either closed-end or open-end. Closed-end lease agreements have set lease terms and a predetermined return value at the end of the lease. Closed-end leases also have mileage limits on the vehicles, with a per-mile fee assessed for exceeding the limit. With open-end leases, there are no mileage limits and the residual value of the vehicle is adjusted at the end of the lease. If the actual value of the returned vehicle is less than the projected value at lease signing, the lessee pays the difference.
The leasing professionals at D&M Leasing can help fleet managers understand the lease options available.
D&M Auto Leasing of Grand Prairie, Texas, has been in the business of leasing quality vehicles for more than 30 years. Leasing instead of purchasing a vehicle can offer a number of advantages to consumers.
1. Leasing typically allows you to have lower monthly payments than when buying. In some cases, you may qualify for a lease with little or no down payment. As a result, you may be able to afford a more luxurious vehicle.
2. Because leases cover a relatively short period of time, sometimes as little as two years, there are fewer worries concerning vehicle maintenance. If mechanical issues do pop up, most of them will be covered by the factory warranty for the duration of the lease term.
3. With leasing, you don’t have to worry about selling or trading in your vehicle. At the end of the lease term, you simply return the vehicle to the leasing company and lease another vehicle if you wish.
4. Leasing provides certain tax benefits. For instance, if you are self-employed, you may be able to take some or all of your lease expense as a tax write-off.
D&M Auto Leasing has been in business for more than 30 years. The company has a wealth of experience in placing its client’s employees behind the wheel and can offer an array of competitively priced options for businesses looking to lease 5 to 100 vehicles. D&M Auto Leasing makes small fleet leasing easy by offering dedicated customer service representatives who will coordinate with business owners to find solutions that will work for them.
Aside from being a tax deduction for business use, leasing vehicles can be advantageous to a company’s financial goals for many reasons. Leasing business cars provides a convenient alternative to purchasing vehicles with company profits and can offer potentially significant savings in terms of upfront costs, maintenance and repairs, insurance, and monthly payments. Leasing a small fleet frees up working capital to put toward productive ventures. In addition, leasing costs may not need to be entered on balance sheets, which can make financial statements look stronger for financial institutions and creditors.
Fleet services are meant for companies that purchase and operate multiple cars each year. By keeping your corporate fleet up to date with new vehicles, you help promote a positive image on the street. For businesses that already own cars, switching to leasing can convert fixed assets into cash.