Tag Archives: Advantages

A Few Advantages of Leasing an Automobile

 

Leasing an Automobile pic
Leasing an Automobile
Image: dmautoleasing.com

D&M Auto Leasing has leased thousands of vehicles since the company opened in 1976, and 75 percent of its business comes from referrals or repeat customers. That means customers appreciate D&M’s service. The largest auto leasing company in America, D&M Auto Leasing has locations in Dallas, Fort Worth, Grand Prairie, and Houston.

Americans leased more cars in 2016 than any previous year, but many consumers are still unsure of the advantages of leasing a car over buying one. The first major advantage is that customers do not have to put down as much money up front, which makes an expensive car more affordable.

Leased cars used for business purposes are a direct write-off, and there is no need to amortize or keep track of mileage. Leased cars are also easy to upgrade to the latest model every two or three years.

Many people are concerned about not owning anything after making all the payments on a leased car. Unfortunately, even if you purchase a car, it is a depreciating asset. When a new car is driven off the lot, 20 percent of its value is already gone, and by the time the car is paid for, it is worth very little on the open market.

Advertisements

Leasing an Auto Offers Several Advantages over Buying

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

An established Texas-based auto leasing company, D&M Leasing has been serving customers in Dallas, Fort Worth, Grand Prairie, and Houston since it was founded in 1976. Over the years, the staff at D&M Leasing has earned many repeat and referral customers because of their dedicated service and commitment to helping clients take advantage of all the benefits that auto leasing affords.

Leasing an auto offers several advantages that make it an attractive alternative to buying. Unlike purchasing a car, which requires consumers to get a loan to cover the entire amount of the vehicle, lease financing is based on the car’s prospective worth at the end of the lease term. This means that consumers typically have lower monthly payments than those who finance the purchase of a vehicle through an auto loan.

With the help of lower monthly payments, auto leasing also lets consumers get behind the wheel of a car they could not afford otherwise. Driving a newer and nicer car will help keep repair costs down and ensure that you have the latest automotive technology at your disposal. In addition, because the duration of most leases is quite short, consumers are able to get a new car every few years, an option that many car buyers can’t afford.

The Advantages of Leasing a New Car

D&M Auto Leasing has provided the Dallas, Fort Worth, Grand Prairie, and Houston communities with affordable leasing opportunities and elite customer service since 1976. D&M Leasing manages client accounts throughout the duration of their leases, further amplifying the many benefits of auto leasing.

There are a number of advantages to leasing an automobile when compared to making a new car purchase. For auto enthusiasts, the practice of car leasing allows a driver to enjoy a new vehicle every few years. In some cases leasing an automobile can represent monthly payments at half the rate of a purchased car, making it more cost effective to drive some of the industry’s latest models opposed to an expensive, older car.

The decision to lease a car also alleviates some of the confusion associated with financing a new vehicle. An individual may find themselves financing a purchased automobile for six or more years simply to obtain a reasonable monthly payment. Again, leasing lets drivers pay only for the time they plan on driving the car, a simple approach that greatly reduces negative equity.

Finally, individuals who lease a car can avoid certain liabilities associated with vehicle ownership. Leased cars generally fall under standard GAP insurance strictures, while qualified lessees may enjoy a no-money-down arrangement. A lease may even include a guaranteed purchase option should the driver decide to buy the car at a later date.