DealerRater Dealer of the Year

 

D&M Auto Leasing is proud to have been named DealerRater Dealer of the Year for the last 7 years for Texas and the United States. In addition, in 2021 D&M was honored to have won the DealerRater Customer Satisfaction award.

DealerRater, a Cars.com company, is a leading car dealer review and reputation management platform that empowers dealerships to efficiently grow their brands by accelerating, automating, and amplifying positive review generation across digital channels.

  • What is DealerRater used for?​​
    • It is one of the leading platforms for car dealership research and reviews. They have continued to help millions of people choose the ideal auto dealership for them, making their process simple and easy. 
  • How does DealerRater assist the customer?
    • They help people find the best dealership and then connect them with the correct person. No other review platform showcases employee profiles and reviews, allowing the team to create genuine relationships with customers and help them find what they are looking for in a simple and transparent way.
  • Who can write a dealer review?
    • Anyone is free to post a review as long as they are not affiliated with a dealership or worked at one in the past five years. If DealerRater detects that someone who is affiliated with a dealership has written a review, the review will be removed and both the reviewer and dealership will be notified of violations of DealerRater policies.
  • Can anyone respond to my reviews?
    • The only people who can respond to your review are DealerRater and the dealership that is being reviewed.

 At D&M, we value our customers first and foremost, with thousands of satisfied customers and over 75% of business to repeat and referral customers. We make the leasing process easy, and our agents treat our customers like family.

If you’re looking for the best car leasing experience, our D&M representatives are here to help. Contact us today to get into the vehicle of your dreams!

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Commercial Fleet Leasing Benefits

Cox Automotive reports that new vehicle affordability declined this spring. High demand and low inventory market dynamics triggered record high prices. There is little relief in sight.

The good news? Average finance rates have decreased, creating an opportunity for businesses through commercial fleet leasing.

Growing companies can add or replace vehicles and lower their total cost of ownership through leasing.

Benefits for leasing include:

  • Unlimited Mileage
  • Enhanced Cash Flow
  • No Wear and Tear Requirements
  • Tax Savings

Now is the time. D&M Leasing provides a free, no obligation fleet analysis to show where savings can be accomplished relative to your business’ needs.

D&M acquires vehicles using their extensive, nationwide fleet network saving you time while getting the best pricing, and lowest lease rates available.

Should I Buy My Car Off

If you are approaching the end of the lease for your vehicle, you may be wondering, “Should I buy my car off-lease?” Here are the top 3 things to consider when buying off-lease cars.

1. The Buyout Price is Less Than the Market Value

A vehicle’s residual value is the value of the vehicle at the end of the lease term, also known as the buyout amount. In most cases your buyout amount is less than the average retail price, and buying your off-lease car is a good deal.

You can find your vehicle’s residual amount in your lease contract or by calling a D&M leasing agent.

2. Over or Under the Allowed Mileage

Depending on your original contract, you may have exceeded your mileage limits. If you opt to buy your leased vehicle, you will not be expected to pay for any excess mileage. If you didn’t use all your allotted miles, then this should factor into your decision.

3. State of the Car

Similar to exceeding your vehicles allotted miles, you are not held responsible for damages to a vehicle if you decide to purchase your lease. If your vehicle has excess wear and tear, but you can’t part with the car then buying off your lease may be an enticing option.

In Conclusion

Leasing companies have to resell the returned vehicles directly to a dealer or through an auction, so in order to avoid the hassle and expense it may be more favorable to sell the vehicle directly back to you. If buying your car off-lease is something you are interested in contact an agent today.

How to Calculate Your Auto Lease Payment

It is helpful to go into the dealership having an understanding of how to calculate your auto lease payment. Although every dealership is unique, knowing the basic components that go into an auto lease payment can save you time and money. Take control by understanding the following three concepts: Depreciation, Financing, and Sales Tax.

Depreciation

The amount the vehicle is estimated to depreciate during the time you are driving it is going to be a major factor in your car lease payment. Depreciation is the difference between the vehicles original, full price value and its value at the end of the lease.

It is important to note that different makes and models of vehicles can have different depreciation rates, making a vehicle with the lower depreciation rate the best deal. The smaller the difference between initial cost and lease-end value, the lower the lease payment, the better the lease deal.

Financing

Financing is what pays the leasing company for the use of their vehicle over the agreed upon time; similar to the interest you pay on a loan. The financing fee is also driven by your credit score; therefore, a higher credit score would yield  a lower monthly payment.

Sales Tax

Once the dealership calculates the depreciation and financing fee, sales tax must be added. In the state of Texas, sales tax rates are 6.25% of your vehicle’s purchase price. Unsure of your local sales tax? https://www.sale-tax.com/Texas

Getting an idea of what your lease payments will look like will help you plan your next car lease. If you have any questions about how to calculate your lease payment, our D&M representatives are here to help. Also, feel assured that whenever you’re leasing with D&M, you’re receiving the lowest rate son any consumer lease with the EZ Lease.

5 Step Guide to Vehicle Leasing

At D&M Auto Leasing, we strive to make vehicle leasing easy and enjoyable. We have created an easy 5 step guide to help you through the vehicle leasing process.

Step 1: Do Your Homework

Start by determining what type of vehicle you like. Discover the various sizes within the car type you are looking for and narrow down your options of make and model. View the various options and features each car has to offer and determine if the car is within your budget. To prevent feeling overwhelmed, we suggest narrowing down to your top 3 choices and test drive those vehicles. During your test drive, inquire about specials and offers for vehicle leases.  

Step 2:  The Car Lease Contract 

You want to become familiar with leasing terminology, so you are knowledgeable with the terms of the car leasing contract. You should know how many months you want to lease your car and how many miles you expect to drive annually.  Be prepared to ask about warranties and if car service maintenance is covered or included in your lease. Typical lease terms are 30-39 months and 10,000- 12,000 miles per year.  Also, don’t forget to ask about the current lease specials or vehicle lease deals to maximize your savings

Step 3: Estimate Your Vehicle’s Leasing Monthly Payment

The most important step is knowing your budget. There are several free online tools to help you determine your monthly payment. The formula factors the residual value, mileage, down payment, and trade-in value of your previous vehicle to determine your estimated monthly payment. A D&M Leasing agent can help you find the perfect budget. 

Step 4: Call D&M Auto Leasing 

At D&M Auto Leasing, our staff is dedicated to granting you superior customer service, without pressuring you to sign. We offer competitive lease offers and are committed to finding you the best car lease deal within your budget. We offer a variety of lease programs like EZ Lease.  You are ready for the last step.

Step 5: Review & Sign Your Vehicle Lease

After working with your trusted car leasing agent, you are ready to review the paperwork and sign on the dotted line. You found the vehicle, got a low monthly payment, and determined your car lease terms. You are now ready to drive off with your new leased vehicle or get your vehicle delivered right to you!  

Unofficial, Step 6: Celebrate Your New Car Lease!

At D&M Leasing, we are dedicated to excellent customer service without imposing on your time. Receive exceptionally friendly local service every time you have a question about your lease. 

Should I Lease a Used Car or Lease a New Car?

Advantages of a New Car Lease Vs. a Used Car Lease

Deciding on whether you should lease a used car or lease a new car requires you to consider the advantages of both options to determine what is the best for you. We gathered the advantages of both options so you will make the best decision for you. 

Advantages of Leasing a New Car

New car leasing is beneficial for those who want the latest model vehicle with the most up to date trends, without the high price tag or a long-term commitment.

  • By leasing a new car you can choose the car you want with a lower monthly payment.
  • New lease car deals usually come with maintenance provided and a warranty covered under your leasing contract. 
  • By leasing a new vehicle you can trade out your vehicle every few years after your leasing contract ends. You can trade in the leased car for a new car lease deal and not worry about the maintenance, depreciation, or re-selling of the car.

Advantages of Leasing a Used Car

Used car leasing can be more cost-effective if you are looking for affordable payments and low commitment. Car dealers usually struggle to sell new car lease returns in excellent shape and have low mileage. Here are some advantages of used car leasing.

  • Used car lease deals have lower monthly payments. Since the value of the car decreases the most during the first two years after it is sold, you  pay significantly less at signing and on monthly payments.
  • When a car is three-years-old they are also more likely to need maintenance repairs. Therefore, you should have a maintenance agreement in your used car leasing contract that covers the cost.   
  • You have the freedom of returning your used car lease at any time. Similar to a new car leasing, if you didn’t go over your mileage or cause any damage to the vehicle, you have the freedom to walk away with a different car when your lease is up.
  • Another major benefit of leasing a used car is, used car leases are cheaper to insure. Used car leases are usually three years old, because of the age of the vehicle, your insurance is typically lower than it would be on a new car lease.

 

Good Cars for College Students to Lease

As a college student, car payments and maintenance should be the last thing on your mind. College students should consider leasing their next car because of the low monthly car payments, little to no down payment, and overall reliability of a newer car. We have recommended good cars for college students to lease that are not only budget friendly, but also reliable.

Below is a list of a few of our top “good cars for college students to lease.” We compared sticker price, base models, gas efficiency, safety, and upgradeable options:

Hyundai Elantra

The Hyundai Elantra is a luxury looking sedan with a budget friendly price tag and a great leasing option for any college student. Complete with a durable engine, excellent safety features, this aesthetically pleasing car will definitely turn heads on your college campus. The Elantra has a variety of upgradeable options to make the vehicle of your dreams. This sedan is the perfect option for weekends with friends and running errands around campus.

Mazda3

The Mazda3 is a fun, budget friendly car for college students to lease. The Mazda 3 is a sporty sedan with a futuristic exterior & exceptional fuel economy. The Mazda3 is an excellent choice for college students on a crowded campus. With many exceptional safety features and high-tech interior, the Mazda3 is a good car for college students to lease who want luxury features at a low price.

Toyota Prius and Toyota Yaris

The Toyota Prius and Toyota Yaris are likely the two best options for college students in the Toyota series. These cars are excellent on gas mileage and use an eco-friendly engine system. Both vehicles are incredibly safe and have an enhanced crash avoidance system. The Toyota Prius and Toyota Yaris are not only eco-friendly, but also pocket friendly for those seeking student car lease on a budget.

Whether you are entering college, graduating, or continuing your education, it is important to have a reliable vehicle to get you from point A to point B. At D&M Leasing, we offer a variety of good cars for college students to lease through our EZ Lease program. Looking for an SUV, Truck or something different? Contact one of our knowledgeable car leasing consultants who are ready to assist you today. Browse our current car leasing deals and inventory to view what D&M Auto Leasing has to offer.

When It Makes Sense To Lease A Car

Want to know when you should lease a car? Find out when does it makes sense to lease a car and the advantages car leasing can offer you. Read more on our blog post!