Why lease a car vs buying?
As the price of cars increase people are financing them longer and longer and therefore rarely own them outright. If you typically keep your car seven to eight years or more leasing may not be for you, but most people trade well before then.
If you are unsure about your future needs for a car then it’s best to keep your options open and your liability low with a lease. Then, you can trade the vehicle and use the guaranteed purchase option to own it or simply walk away at lease end. Read more about the benefits of leasing vs. buying.
How does leasing a car work?
Leasing is subtracting the vehicle’s price and its expected value at the end of the lease so that you only pay for the time that you actually drive the vehicle. Say you find your dream car with a $40,000 price tag, and it’s expected to be worth $30,000 after three years. If you lease it, you just have to pay for the $10,000 in expected depreciation, plus interest and fees. If you buy it, you have to pay the full $40,000, plus interest and fees.
Do I need cash to get into a lease?
No, a down payment is not required on a lease. And in most cases you don’t even need to pay your tax title and license up front.
Can you lease a used car?
At D&M you can lease a pre-owned vehicle for less than a new vehicle. Many car shoppers in the market for a used car are trying to get a better deal because new car prices are so high. A new vehicle loses as much as 25% of its value in the first year alone. So, when you get a used car lease, someone else has already taken the initial hit on depreciation which gives you the payment savings you want.
Does D&M offer car lease deals?
Yes, D&M offers monthly car lease deals throughout the year on some of our most popular vehicles. If you don’t see the auto lease you’re looking for this month, check back next month for new car lease special in Dallas, Fort Worth, and nationwide!
What is the D&M EZ Lease?
At D&M Auto Leasing, we’re all about making things easy for our car leasing customers. That’s why we came up with the EZ Lease: a user-friendly lease that provides better rates, more flexibility, and exceptional service. You can also buy, lease, or trade with just one call. In case of breakdown, the EZ Lease will loan you an emergency vehicle for free.
What does GAP insurance cover?
GAP insurance is standard on all D&M Auto Leasing contracts. You get the coverage you need if your vehicle is ever totaled or stolen and not recovered. You are not responsible for the payoff amount if it is higher than the insurance settlement, just pay your deductible. Even if you rolled in taxes or put no money down your vehicle will be paid off and you will be driving your new lease vehicle right away!
How can I save with a high mileage lease?
D&M Leasing specializes in high mileage leases. Consider that as a high mileage driver you depreciate a vehicle quicker and are exposed to more liabilities like accidents and excess wear on the road. Our EZ Lease is designed to manage high mileage use with lower mileage costs for better payments, less liability at lease end with guaranteed residuals, and GAP insurance if your vehicle is totaled or stolen.
What are the car lease tax write-offs?
Many D&M clients benefit from very favorable tax benefits of leasing. We specialize in business use vehicle leases, commercial fleets, and even equipment leasing for our clients. Even if you just want a personal vehicle for business use we have the right lease to suit you and will help you manage your tax benefits.
Why should I lease at D&M Leasing versus from a dealer?
“While dealerships are a great place to get a car they rely solely on the sale of their specific vehicle to make their money. At D&M you can get any make or model at a great price with no haggling. Often you spend more time at a dealership selecting the car and negotiating a price than you do on your finance arrangements.
We learn every customer’s specific situation and personal needs, then customize a lease that works, most often with no money down. After that, we utilize our dealer network to buy your car at the lowest possible price based on our considerable volume buying power.