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!
Leasing a Car During a Pandemic
For the past few months, our country has gone through many changes as we navigate through the COVID-19 pandemic and begin to emerge into our “new normal.” At D&M Leasing, we want to reassure our new and existing clients that we are here for you and have increased our health and safety measures throughout the car leasing experience.
Enhanced Sanitation Procedures
We implemented vehicle sanitation procedures that allow for zero contact between our employees and a customer. Every time a person is in contact with a vehicle, the vehicle undergoes our “sanitation process” which includes a full disinfectant cleaning from our employees wearing gloves.
Our goal is to keep you and our employees safe and protected throughout the car leasing process.
Contactless Car Leasing
At D&M Leasing, we are committed to providing our exceptional customer service as we move through these unprecedented times. We will process the entire transaction over the phone: application process, vehicle trade-in, and our inventory. All documentation is handled and signed electronically from your cell phone, tablet or desktop computer. Lastly, we will deliver your sanitized vehicle to your front door for your safety and convenience.
Special Interest Rates and No Payment Offer
We understand the impact the pandemic has affected everyone’s financial stability. We are currently offering special low interest rates on all vehicles. In addition, we are also offering no payments for 90 days to assist you during these difficult economic times.
For over 40 years, D&M Leasing is still proudly serving all North Texas and Greater Houston area customers. Even though our physical offices are closed, our employees are committed to meet the needs of our customers. We will continue to serve you and enhance your experience with our new sanitation procedures, contactless car leasing and special financial offers. For more information about COVID19 safety please read more from our CEO or contact us today!
Ideal Credit Score to Lease a Car
If you are interested in leasing a car in the near future, making sure you meet all the minimum requirements is an important first step. First and foremost, it’s important to know your ideal credit score to lease a car.
Lease requirements vary from dealership to dealership, so while there is no real hard “minimum” number, you can expect that the better your credit score is, the better your chances are at getting a lease.
How Do I Earn an Ideal Credit Score for Leasing a Car?
Before you can begin car shopping, it is important to know your credit score. You can request a credit report from each of the 3 credit bureaus, however you can only do this once each year. Another great alternative is to utilize services like Credit Karma or Mint to keep an eye on your score month-to-month.
If your credit score is lower than the average, or you simply want to improve your credit score to lease a car, there are some steps you can take.
- Lower your debt – Your credit score is based on many factors, but one of the largest impacts is your credit utilization percentage. Lowering your balance on credit cards to under 30% will help improve your score.
- Never miss a payment – late payments on credit cards, bills, or loans will negatively impact your credit score. Be sure to pay on time to be in good standing.
- Keep your credit accounts open – your credit history takes the average length of your open accounts. Keeping your accounts open (unless you cannot afford the yearly fee) will give you a larger credit limit total and reflect positively on your score.
If you are confident about your credit score, check out some of our great lease deals. At D&M Leasing we are all about making the car leasing process easy. We want to see you in a new set of wheels with EZ Lease. Get in touch with us today with our contactless communication – fill out the form below or call us now!
First Time Car Lease Tips
It is best to know some car leasing tips and tricks before walking into the dealership. Read our blog post to find out about our first time car lease tips.
The Top 5 Myths About Leasing a Car
There are some falsehoods about the car leasing process. Read the blog post to find out why we are debunking the top five biggest myths about leasing a car.
When is the Best Time to Lease a Car?
Are you wondering when is the best time to lease a car? Read the blog post to find out the answer. Find out more about the EZ lease program today.
Are Car Lease Payments Tax Deductible?
With tax season coming to a close, are you wondering if your car lease payments are tax deductible? Read the blog post & find out about our lease programs.
Top 5 Reasons and Financial Benefits For Car Leasing
The truth is, many people do not know the real financial benefits of leasing a vehicle and ultimately resort to financing a car instead. D&M Auto Leasing has narrowed down the top reasons why leasing a car makes the most financial sense in 2020.
Reason #1- Lower Monthly Expenses
Overall, monthly expenses are typically lower when leasing a car versus financing. The monthly payments on a new lease is often lower than traditional financing. With a car lease, you are only responsible for paying a portion of the cars value rather than obligated to pay for the entire value. In most cases, well-equipped vehicle lease specials are less expensive than financing a lesser equipped new model or pre-owned vehicles. Used car leases are especially attractive for those looking for exceptional value.
Reason #2- Little to No Repair Cost
The manufacturer warranty can cover a fair amount of maintenance and repair expenses during the term of the lease. Unlike financing a vehicle, the manufacturer’s warranty is typically the same length as the lease term. The warranty outlines the coverage responsibility on the manufacturer. This added benefit with new car leases can lower or eliminate wear certain unexpected repair and maintenance costs.
Reason #3- Get a New Car at Lease End
No more worrying about researching the vehicle value and looking for a seller for your existing car. At the end of your lease term, take your car back to the leaseholder and trade in your vehicle for something different. A financial benefit with car leasing is the ability to drive the latest vehicle at a lower payment and shorter lease term.
Reason #4- Tax Benefits of Leasing a New Car
Business owners and employees may qualify for a tax advantage if they are using their car lease for business purposes. Monthly payments, maintenance cost, and mileage may count towards your tax deduction. D&M Auto Leasing offers various special lease programs for businesses.
Reason #5- Low Mileage Vehicles
Low mileage drivers experience a financial benefit with leasing as well as high mileage drivers. Low mileage drivers have lower wear and tear and greater trade flexibility. High mileage drivers depreciate a vehicle more quickly and are exposed to the extra liability that comes with heavier use. A lease limits this liability and manages the trade cycle by properly depreciating the vehicle. Call D&M Leasing to find out about low mileage lease savings, high mileage lease management and ask about our Mileage Forgiveness Program!
Summary
The combination of leasing benefits above is why car leasing makes more financial sense overall. With a car lease, you are opting for lower monthly payments, manageable maintenance and car related expenses. At D&M Auto Leasing we want to help you get a car lease that meets your needs and fits your budget. We are here to listen to your needs and help get you the latest model of your favorite vehicle.
Fill out the quote form below and let D&M Auto Leasing get you into your next car!
Can I Move Out of State with a Leased Car?
If you are planning on moving soon, you may be wondering, “can I move out of state with a leased car?” or “are there additional fees if I am moving out with a leased vehicle?” The following quick steps will help in answering these questions.
Step 1 – Review your Lease Agreement
The lease agreement signed will outline your ability to take the vehicle out of state. If you are planning on moving out of state with a leased car, review your lease agreement. The terms and conditions associated with taking your car out of state will be outlined in the agreement.
Step 2- Inform & Obtain Documentation from the Lessor
Every lease agreement is different. The ability to move out of state with a leased car depends on the agreement made between the lessor and lessee. If this information is not outlined in your lease agreement, it is best to inform the lessor or leaseholder about moving out of state with your leased car. Insure with the leaseholder that there are not any limitations in which you cannot move your lease out of state.
Ask the lessor if there are any additional documents you need to ease the lease transition from state to another. The leaseholder will provide the necessary documentation to facilitate your request. Additional documentation may be necessary if there is a specific laws, tax or fee associated with your new state.
Step 3 – Review New States Vehicle Fees
The last step when thinking about moving out of state with a leased car is registering your vehicle in the new state. Prior payments, taxes, and fees will vary from each state & may or may not migrate from one state to another. It is important to be aware of the new state’s laws, taxes, and fees applicable with your leased vehicle.
In short, yes, you can move your leased car out of state. Insure that the ability to move your is outlined in your lease agreement and/or inform your leaseholder. We hope the steps above will help ease the process of moving out of state with a leased car. D&M Auto Leasing is here to help answer questions and make leasing your next vehicle fast, simple and easy. Read more about our EZ Lease for your next car lease.
Government Fleet Vehicles Program
D&M Auto leasing offers fleet management solutions that make government fleet leasing easy. Read more about our government fleet vehicles leasing solutions.