Leasing a Used Vehicle

 

EZ Lease pic
EZ Lease
Image: dmautoleasing.com

In their over 40 years of business, D&M Auto Leasing has become the largest consumer vehicle leasing company in America. Serving Dallas, Fort Worth, Grand Prairie, and Houston, Texas, D&M Auto Leasing offers leases on both new and used cars.

While one of the advantages of leasing is getting a new vehicle every few years, sometimes leasing a used one proves more beneficial to your wallet. Thanks to a lower residual value, leasing a pre-owned car can lead to lower monthly payments. With new cars, the best deals often come from vehicles with high residual values, but since used vehicles have already depreciated from their original value, the lower residuals work to your advantage.

Another advantage of leasing a new vehicle is the manufacturer’s warranty, which often translates to low-cost or free repairs covered under the warranty. However, this may still be an option for leasing a used car. Some carmakers, like Lexus, offer certified pre-owned warranties for leasing their used vehicles. D&M Leasing suggests always leasing a used vehicle that comes with a certified pre-owned warranty, decreasing your chances of having to pay out of pocket for vehicle maintenance and repairs.

New car sales in 2015 hit a record high, leaving plenty of pre-owned vehicles for leasing. As the market and demand for pre-owned leases grows, so too will the benefits, as automakers compete to offer the best deals to you, the lessee.

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The Benefits of Commercial Leasing

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

D&M Auto Leasing is a consumer leasing company with locations in Dallas, Fort Worth, Houston, and Grand Prairie, Texas. Named 2016 Dealer of the Year by DealerRater.com, D&M Leasing provides both commercial and personal auto leasing for its customers. Find information about the benefits of commercial leasing below.

1. Many businesses need their vehicles to have the latest technology and equipment. Since trade cycles are shorter when leasing a vehicle, a business will be able to upgrade vehicles more quickly than if they were owned.

2. If a business does not have its own mechanics, a lease that includes maintenance is highly beneficial and will keep staffing and repair costs low.

3. Leasing commercial vehicles can increase the value of a company as opposed to buying, since a lease does not appear as debt on a financial report.

4. Some leasing companies provide commercial lessees with a fuel-management program that includes preventative maintenance, odometer readings, and discounts to track fuel spending.

Eradicating Poverty through Wage Equality for Women

Dress for Success pic
Dress for Success
Image: dressforsuccess.org

Established in 1976, D&M Auto Leasing offers services in Grand Prairie, Dallas, Houston, and Fort Worth, Texas, and has grown to become the largest consumer car leasing company in the United States. Besides matching clients with cars that meet their needs, D&M Auto Leasing supports a number of charitable activities including Dress for Success, an organization that seeks to economically empower women to achieve success.

As of 2014, up to 15 percent of the US population was living in poverty. This means an estimated 50 million residents did not have access to adequate food, health, sanitation, and clothing. Encouraging economic independence for women is one way of lessening poverty.

Ensuring equal pay for women is an important path to promoting their economic independence. Despite making monumental gains in the area of equal and fair treatment, women in the United States are still paid up to 30 percent less than their male counterparts for doing similar work. In 2014, the average income for women working full time was $39,621, while that for men was $50,383. Such wage inequality is the reason a large number of women fall below the poverty line.

Institutions should play a greater role in promoting and implementing equal-pay-for-equal-work policies. In addition, women can play an important part by requesting raises and promotions based on merit. They can also encourage other women to speak up so their voices can be heard within the work environment.

The EZ Lease – Affordable Cars at Flexible Terms

EZ Lease pic
EZ Lease
Image: dmautoleasing.com

Based in Grand Prairie, Texas, and with an active presence in Dallas, Houston, and Fort Worth, D&M Auto Leasing is the largest consumer car leasing company in the United States. Working with a model that envisions growth through exceptional product offerings and exemplary customer service, D&M Auto Leasing’s main product, the EZ Lease, has played a big part in the company’s success.

The EZ Lease seeks to match clients with the perfect car to meet their needs. The lease offers competitive rates and flexibility backed by exceptional customer service, making it a favorite among clients. Here are two key advantages of the EZ Lease:

– No down payment or add-on payments within the first 60 days

For qualified vehicles, clients will not have to pay a down payment or any other payment for the first 60 days, a first in the market. In addition, all leases have GAP Insurance at no extra cost. This ensures clients are paired with great cars at affordable rates and user-friendly terms.

– Zero termination fees

The EZ Lease was designed to offer flexibility to meet evolving customer preferences. Clients who want out of their leases or want to trade in their cars for a new vehicle are exempted from early termination fees. Clients who wish to purchase their cars can keep track of their car’s changing value by consulting the company’s leasing professionals, and can be notified when the car’s value is within their payoff range.

Caring for Your Leased Car

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

As the largest leasing company in the United States, D&M Auto Leasing works closely with each client to determine a suitable lease agreement. D&M Auto Leasing also helps clients to understand and work within the terms of each lease.

To minimize any fees or expenses at the expiration of a lease, the driver must treat the car responsibly and keep it as free from damage as possible. Most lease agreements require the signer to pay for what is known as “excess wear and tear,” the details of which are delineated in all lease agreements. Common damage that is the responsibility of the lessee include dents, stains, and scratches.

Experts recommend caring for one’s leased car as though it were a rental. This is in fact an accurate mindset, as the car does belong to the leasing company. Such care includes attention to routine maintenance, including tire inflation and oil changes.

Regular oil changes are necessary to keep the leased car’s engine working well and under warranty. This is an important factor for the lessee, as an improperly maintained engine can justify a fee at the lease’s end. Similarly, the lessee must take care to regularly rotate tires and check for proper inflation, as these steps are crucial to avoiding excess tire wear.

Care of a leased car also includes attention to its exterior condition. This is an easy step to miss but very important, particularly for those lessees that live in areas where snow and salt can damage a car’s finish. Regardless of the car’s garaging location, regular washes are key to avoiding paint damage from bird droppings and other environmental hazards.

Score a Goal in the Classroom Recognizes Students and Teachers

Score a Goal in the Classroom pic
Score a Goal in the Classroom
Image: scoreagoal.org

 

Based in Grand Prairie, Texas, D&M Auto Leasing has ties all over the state, from the Dallas/Fort Worth area to Houston. Since its inception in 1976, D&M Auto Leasing has provided thousands of happy customers with vehicles; additionally, it is deeply involved in the communities it serves and contributes to charities such as Score a Goal in the Classroom.

Working to encourage and motivate students from kindergarten through twelfth grade, Score a Goal in the Classroom rewards those who demonstrate efforts to raise their grades, achieve good attendance, and overall become more responsible citizens. In the 1999-2000 school year, 34 school districts and 19 private schools in three different Texas counties participated in Score a Goal in the Classroom.

Score a Goal in the Classroom is a collaborative effort among the schools, entertainment venues, professional sports, and the business sector. These organizations contribute their time, efforts, and financial assistance in support of education. The nonprofit also hosts the Bayard H. Friedman Hero Award, which recognizes an outstanding school employee within the Dallas/Fort Worth area. Score a Goal in the Classroom hosts meetings every third Wednesday of the month at St. Paul Lutheran Church in Fort Worth.

Mileage Factors and Trading in a Car

 

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

Originally formed in 1976, D&M Auto Leasing today reaches thousands of customers across the country. In addition to providing plenty of options for people looking for a new car, D&M Auto Leasing also works with them to help them determine the best time to do a trade-in.

When considering whether or not to trade your car in for a new vehicle, consider the car’s mileage. The distance the car has been driven over its life is a key determinant of the market value the car can receive, and can serve as an indicator of likelihood of future repairs as well.

For instance, cars under 40,000 miles on them can command an excellent trade-in or sale price. In fact, around 36,000 miles may be the best time to do this type of transaction. Many vehicle warranties expire at around this time, as they assume the car has been driven about 12,000 miles annually for three years. Additionally, close to this period of time, the car may begin to require non-routine maintenance for parts of the car such as the tires and brakes, making a trade in for a different car especially compelling.

As the car gets older, reaching the 60,000 to 70,000 mile mark, repair expenses and unexpected costs tend to become larger. Many people think it’s a good idea to hold onto their vehicles longer, putting over 100,000 miles on them, rather than trade. However, they need to keep in mind that eventually a great deal of parts will need to be replaced, and it might be better to start over with a new car than deal with the cost of maintaining an aging car.