Tag Archives: Auto Leasing

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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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.

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.

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.

Signs You Need to Trade an Old Car

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

Based in Texas, D&M Auto Leasing provides quality services for its thousands of customers. For instance, D&M Auto Leasing strives to make getting a leased car straightforward and convenient.

Many people might feel hesitant to let go of a car that they’ve had for a while. They might mistakenly think that they can’t afford a newer vehicle, or they may think that doing so is too complicated. However, there are a number of instances where it makes good sense to make the switch.

A key reason is that as a car ages, it depreciates in value, while at the same time requiring more upkeep. A possible indicator of this becoming a problem is the check engine light. Many people notice that this light has come on and take the car to be checked out, only to have a service technician be unable to identify or fix the problem. They then decide to just ignore the light on the dash. While pretending the problem isn’t there can seem easier, it can lead to more serious problems, even a breakdown. Dangerous and costly, breakdowns are a clear sign that you would benefit from a replacement vehicle.

In addition to considering the rising maintenance costs of older cars, think about the cost of gas. Many older cars require much more gasoline than new, more gas-efficient models, and with prices often going up, this can take a toll on your finances. Finally, you may begin to worry at inspection time that your older car will not pass. If you dread taking your car in because you suspect they will find a problem, a newer car can provide you with peace of mind.

Most Popular Car Brands for Leasing Millenials

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

Although the company operates out of Grand Prairie, Texas, D&M Auto Leasing, also known as D&M Leasing, serves the Dallas-Fort Worth Metroplex, Houston, and other areas. Like specialty dealerships, D&M Auto Leasing provides specific types of vehicles for their clients. The options include the most popular vehicles on the market with different trims, colors, and amenities, including cars with integrated gadgets.

Millenials often choose to lease cars instead of buying them in order to gain access to more expensive, technologically advanced cars they could not afford to purchase. According to Edmunds, a respected car buying platform, Millenials are not only leasing vehicles at a higher rate than the overall automobile buying majority, but they are also looking for larger and more luxurious models. The most popular brands include Dodge Ram, GMC, and Lexus.

Millenials are 30 percent more likely to lease Ram trucks, 26.1 percent GMC, 23.9 percent Lexus, 21.8 percent Jaguar, and 20.5 percent Cadillac. Other car brands they enjoy include Buick, Scion, Subaru, Acura, and Mini.

How Commercial Auto Leasing Can Help Your Business Succeed

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

D&M Auto Leasing provides drivers in and around Dallas, Fort Worth, Grand Prairie, and Houston, Texas, with a wide range of options for leasing new or pre-owned vehicles. D&M Auto Leasing also offers commercial leasing packages for businesses of all sizes.

Deciding whether to buy or lease a vehicle can be tough for anyone, but it is an especially crucial decision for a business owner. There are several business reasons a company should consider leasing rather than buying its cars.

1. Rapidly changing business conditions, especially cash flow, require flexibility. Leasing vehicles and equipment allows companies to react quickly, trading up or down as appropriate.

2. Leasing allows businesses to spread the expense of a vehicle over the cost of its working life. Rather than tying capital up in large purchases, companies can stay free to invest in themselves while they make smaller lease payments.

3. Commercial leasing provides tax advantages and other financial benefits. Leases are not loans, which means they do not show up as debt or count against credit utilization.