Can You Lease to Own a Car?
A lease to own a car program gives you the flexibility to own your vehicle after the lease term ends. Learn more about our D&M Auto Leasing programs.
D&M Leasing Named Top Employer by The Dallas Morning News
Dallas Morning News Names D&M Auto Leasing Top Employer in Dallas.
We are very proud to announce that D&M Auto Leasing was selected as a Top Employer by The Dallas Morning News in the 11th Annual Top 100 Places to Work across North Texas. The award is based on feedback from our awesome employees who voluntarily provided anonymous feedback. Our employees completed a company review about their job, work environment and employer over the past year. In 2019, the event received the largest number of entries in history. The results were compiled by research partner Energage.
D&M’s accomplishment as a first-time winner is extremely meaningful. The awards were divided into three categories, Best Large Companies, Best Midsize Companies and Best Small Companies.
D&M finished #19 in the Midsize Category.
“D&M Leasing has earned many awards over the years. This award means more to me than any other recognition we have received. This recognition tells the community we serve that our companies’ strength is built on the hard work, dedication, commitment and engagement of team members who serve our customers exceptionally well. It conveys that you believe in what you are doing, are passionate about your business, and take pride in your work,”
-CEO Mike Hernandez
Learn more about D&M Auto Leasing’s award in the following link:
D&M video:
https://www.dallasnews.com/business/top-100/2019/11/14/dm-leasing/
Top 100 Places to Work:
Best 2020 Car Lease Deals
D&M Auto Leasing is offering special new year car lease deals on remaining 2019 cars, trucks, and SUV’s to make space for 2020 models. Call us for details
You can also begin the new year with one of our top picks from the best 2020 lease deals listed below. D&M Auto Leasing is offering special new year lease deals on top rated sport utility vehicles and pickup trucks. We have some of the best values now on lease deals for the end of the year.
Best 2020 Car Lease Specials for SUVs
1. The 2019 Jeep Cherokee Limited Edition is a small crossover SUV that comes standard with Apple Carplay, a turbocharged 4-cylinder engine and top rated suspension living up to Jeep’s off-roading reputation. The 2019 Jeep Cherokee Limited-Edition trim includes leather seats, heated front seats, and an 8.4inch touchscreen infotainment console. The Limited Edition trim includes blind-spot warning and rearview camera system. D&M Auto Leasing is currently offering $399 monthly payment on a 2019 Jeep Cherokee Limited Edition.
2. 2019 Toyota 4Runner SR5 Premium is a midsize SUV that seats up to 7 when the lie flat 3rd row is raised. The SR5 Premium Edition trim comes equipped with a navigation infotainment system, leatherette seats, rear-view camera, and optional moonroof. The Toyota 4Runner comes standard with a V6 Engine with 270 horsepower and rear wheel drive. Take advantage of the SR5 Premium trim suspension upgrade to all-wheel drive for better handling off road. Inquire more about the new year car lease deal on 2019 Toyota 4Runner SR5 Premium for a monthly payment of $398 a month at D&M Auto Leasing.
Best 2020 Car Lease Specials for Pickup Trucks
Looking for a top performing pickup truck? Take a look at our top mid and full size pickup truck lease deals in the new year.
1. 2019 Toyota Tacoma Double Cab SR5 is a midsize truck with a standard four cylinder engine with 159 horsepower and average fuel economy of 23mpg. The Toyota Tacoma Double Cab SR5 Edition trim has an optional V6 engine upgrade for more power and torque. The SR5 Edition trim comes equipped with fog lights, smartphone navigation and power windows. Learn more about leasing this truck for a $298 month with $0 down.
2. 2019 Ford Ranger XLT is a midsize truck with a standard four cylinder engine with 270 horsepower. The Ford Ranger XLT has an average fuel economy of 23mpg, and comes equipped with top rated safety features. Feel reassured with standard features like rear cross traffic alert, lane keep assist and blind spot monitoring. The Ford Ranger XLT comes standard with SYNC 3 infotainment system and 3year/36,000 mi warranty. Inquire about leasing the Ford Ranger XLT trim for a $298 monthly payment with $0 down.
3. If you are looking for more cargo space and towing ability, consider a full-size pickup truck such as a 2019 Dodge Ram 1500 Lone Star Crew Cab. The Dodge Ram 1500 comes standard with a V6 engine and an average fuel economy of 23mpg. The Dodge Ram 1500 can carry payloads up to 2,320 pounds and tow up to 12,750 pounds. The Lone Star Crew Cab trim comes with upgrades like push to start engine and a 5-inch infotainment screen. Inquire at D&M Auto Leasing about the current lease special of a $399 monthly payment.
Stay up to date with our car lease deals in 2020 on our car lease deals page. For our most recent specials fill out the quote form, and one of D&M Auto Leasing agents will call you back. For more information on best 2020 car lease deals EZ Lease program contact D&M Auto Leasing today.
How to Lease a Used Car?
Have you ever wondered if or how to lease a used car? Most dealerships do not offer leases on certified preowned cars or used vehicles. At D&M Auto Leasing, we don’t keep our used car leases a secret. Read more about the benefits or leasing a preowned car.
What are the Benefits?
The biggest benefit of used car leasing is cost. Unlike traditional dealerships, auto leasing can be accomplished on vehicles that are the newest model. At D&M we offer the option to lease a used car, any make or model, for the best price on the market.
Looking for a BMW lease or Audi lease, but the payments are too high? With preowned car leasing you are able to choose the model and body style of your car for the best price. Used and certified pre-owned car leasing at D&M Auto Leasing offers various specials and lease deals to get you into your next car.
How much is it to lease a preowned?
Used car leasing can save thousands and can open more options. The monthly payment with used car leasing can be significantly lower than some new auto leases even with specials and deals factored into the contract. Preowned auto leasing often has an extended warranty that covers up to 100,000 miles which can help save on overall maintenance cost. Used car leasing is beneficial on your budget as the capitalized cost has already been adjusted with depreciation from the car being previously driven.
How to lease a used car?
By following the steps below we have outlined how to lease a used car:
- Contact or visit D&M Auto Leasing and inquire about how to lease a used car.
- Inform D&M Auto Leasing of the used car that you are looking for or wanting to lease
- D&M Auto Leasing offers financing and will work with your budget to get you into your next car.
- Inquire at D&M Auto leasing about lease specials and used car lease specials.
- Review the auto leasing terms as outlined in the lease contract. The used car leasing contract will be similar to a new car lease contract and will have mileage allowance, lease terms, and the buy-out or residual value of the auto at lease end.
- Sign and Drive!
D&M Auto Leasing offers real-time used car pricing to offer the best lease deal possible. With EZ Lease, leasing a used car is easy. Visit D&M Auto Leasing today or fill out the online form.
Can you Extend a Car Lease?
Yes, you can extend a car lease. A perk with working with an auto leasing company is the ability to extend auto lease
What is the best SUV Lease?
Sport Utility Vehicles (SUV) are constantly evolving with the latest technology, engine, body style and safety features. It can be difficult to narrow down between different SUV sizes, standard features, miles per gallon, and make/model. The value of D&M Leasing is the access to different new and used car leasing options to help find the best SUV lease for you!
Scroll to view the most popular SUVs by class:
Compact SUVs Lease
Compact SUVs are a great way to discover if SUVs are right for you. The benefits of a smaller SUV are better gas mileage, increased safety than a car, better views of the road, and increased passenger room. Consider these car makes if a smaller SUV is your next choice: Toyota Rav4, Jeep Compass, Ford Escape
Small to Mid-Size Lease
The benefits of a Small to Mid-Size (Crossover) SUV are increased passenger space, good fuel economy, and more cargo space. The Toyota Highlander, Ford Edge, and Jeep Wrangler are great hybrid size autos between small and mid-size SUVs. These crossover SUVs give the feel of a larger SUV with gas consumption of a smaller auto.
Mid-Size SUVs Lease
Mid-size SUVs are great for anyone wanting more cargo space and on the fence about needing a 3rd row. The Toyota 4Runner, Jeep Grand Cherokee, and Ford Explorer are great options to enjoy off-roading in the outdoors or everyday use. These vehicles are well equipped and offer many variations to suit your life needs.
Large SUVs Lease
Large SUVs have the needs of everything you cannot get in a sedan. Benefits of large SUVs are increased seating capacity, large storage area for sports, equipment, or luggage, increased horsepower and towing. Consider the Chevrolet Tahoe and Ford Expedition for your next auto lease.
Luxury SUVs Lease
Luxury SUVs provide increased comfort, technology and features that give your auto that extra value. Ask about the brand benefits with these models: BMW X5, Mercedes-Benz GLE, and Audi Q7.
The makes and models above are only a few of what D&M Leasing has to offer. With a variety of lease options and lease specials D&M Leasing makes auto leasing simple.
How to Choose a Car
If you are early in the car shopping process, you may be asking yourself “what kind of car should I get?” D&M Auto Leasing can help you choose a car with our easy to use car search feature.
There are two ways you can search through our available car leases using our car search feature: by make and model or body style.
Shop by Make and Model
Know what make or model car you are interested in? Use our drop-down feature to search by vehicle make or model. Once you choose a car, we have provided a detailed analysis of each make and model you may be interested in. When you are ready to get into your new car lease, D&M leasing will deliver your car right to you.
Shop by Body Style
If you’re unsure which make and model is right for you, try searching by body style instead. You simply select which body style you’re interested in and we will narrow down your search to vehicle leases that meet your needs. As your click through our selection of different body styles, we have provided helpful examinations of each car’s features and specifications.
Visit our Choose a Car page for a guided analysis of each vehicle you may be interested in. Once you are confident in your new vehicle choice, D&M Leasing will deliver your car to your front door or office.
Why Lease a Car at D&M?
When it comes to acquiring a new vehicle, leasing has become a more popular alternative to buying a car. We’ve come up with our top 3 reasons why you should lease a car with D&M Auto Leasing.
Lower Monthly Payments
Buying a new car is typically more expensive than leasing a new car, especially if you like to trade a car in every 3 to 5 years. Low monthly payments to purchase a new car generally require a large down payment and the length of the loan can be much longer than the time you plan to keep the vehicle before trading. Some retail contracts go out to six, seven, even eight years!
Surprisingly, the interest rate is the most significant factor in how much you will have to pay because it’s added onto each monthly payment over the life of the loan. The longer the loan, the more the interest. With the EZ Lease, our user-friendly car lease, a down payment is not required, and we offer the lowest rates of any company on a standard consumer lease. With lower payments you can afford a shorter term that more closely matches your needs.
Always Driving the Latest Car
If you always lease a new vehicle at the end of your lease, you will always be driving a car with the most up-to-date technology and features. Check out the latest car leases that we offer at D&M. Nearly 70% of our business is from repeat and referred clients taking advantage of these benefits.
Fewer Repair Expenses
If you’re covered by a warranty or have GAP insurance during your lease term, you don’t have to worry about paying for any large, unexpected repair bills. Also, if you find yourself in a car wreck or your car gets stolen, GAP insurance pays the difference between the insurance settlement and the contractual payoff. When you lease with D&M Auto Leasing, our EZ lease includes GAP Insurance at no extra cost. We even offer coverage if your vehicle is in a wreck and is not totaled. This Diminished Future Value coverage can saved you thousands at trade time. Ask for details.
Fill out one of our online quote forms to find out more about the advantages of leasing a car with D&M. One of our local, friendly representatives will contact you and take the time to get to know you to find the perfect vehicle and lease that fits your unique wants and needs.
What is the Difference Between Financing and Leasing a Car?
With both traditional financing and leasing, the client makes monthly payments to a financial institution for a specified period of time. Choosing between a lease and a traditional purchase is an important decision.
What is the main difference?
When purchasing a vehicle, the client takes financial responsibility for the entire cost of the transaction and the vehicle’s full depreciation. Retail installment contracts are written on longer terms than leasing with typical ranges from 60-84 months. At the end of a retail installment contract, the client receives title and “ownership” at that point. Leases are written on shorter terms on average and because the client is only paying for the part of the vehicle that he or she is using, the monthly depreciation. This results in lower consumer payments on leases than traditional financing.
Is leasing for me or should I buy?
To make an informed decision, a consumer should consider many factors including his or her average trading patterns, driving habits, and monthly budget to name a few. If a client has kept their previous vehicle for 6 years or longer and intends to stay with the same pattern, a purchase makes more sense especially if they are able to pay the vehicle off quickly eliminating extra bank interest. For clients that trade every 3 to 5 years, leases make very good sense because you are only paying for that specific vehicle’s depreciation as you go, thereby offering lower payments than buying and reducing your exposure to negative equity or ‘being upside down’ at trade time.
What are the benefits of leasing a car?
For clients that keep 3-5 year trade cycles, leasing offers lower monthly payments and less exposure to negative equity when you trade because the lease agreement has matched the client’s lifestyle and needs better than a long term finance contract. Closed-ended leases offer guaranteed residuals thereby adding another layer of protection for clients. With a consumer-friendly closed-ended lease, the value of the vehicle at the end of the term is guaranteed for the consumer by the funder, no matter what the actual market value is at the time. This is an extremely important feature of a closed-ended lease as wrecking your vehicle, body style changes, economic recessions, consumer sentiment, etc. all can have a major impact on a vehicle’s future worth. Lease customers don’t have this concern. If their vehicle is worth more than the guaranteed residual at the end, the client keeps the equity and uses it as he or she sees fit. If the vehicle’s actual market value is less than the residual at the end of the term, the client can exercise his or her right to have the funder take the vehicle back at the pre-guaranteed value thus eliminating the customer’s exposure to negative equity. Some leases( including the D&M EZ Lease), but not all, have GAP insurance included in the payments. GAP offers protection when a client’s vehicle is deemed a total loss by the insurance company, but the amount owed to the bank exceeds the vehicle’s market value.
If you’re interested in leasing a new car, start by filling out our online quote form. Our D&M Auto Leasing representatives will contact you and help you find the exact car lease you’re looking for, down to the color and features. Also, when you lease with D&M, our EZ Lease gives you the option to make no down payment with no payments for 60 days. Your D&M representative will assist you in navigating through the process. We are appreciative of the opportunity to work with you and aim to provide world-class service.
Rising Car Prices
Leasing at D&M has been on the uptick because the average new car price has risen rapidly, far outpacing personal income and wage increases. Therefore, most car-buying customers have begun to stretch out their finances in order to afford a highly unreasonable car payment.
Average New Car Price
According to an analyst at Kelley Blue Book, the average new car price in the United States was $37,577 in December 2018, which was 1.3% up from last year. Not only has the average price of a new car gone up, but the interest rates have increased while the incentives remained flat year-over-year.
Reason For High Costs
Two main reasons the average transaction prices of new vehicles increased in late 2018 were tax reform and low rates of unemployment.
The sales mix of cars dropping to 31 percent also played a role in rising prices of new vehicles. As well as more automakers like Ford discontinuing their car nameplates in favor of pricier SUVs and trucks.
Costly Auto Loan
Unfortunately, even if a customer decides to apply for a car loan to defray the high cost, the average car loan is now $30,030. So what ends up happening is the car buyer borrows a lot of money to buy a depreciating asset and has to pay it back over an average term of 68 months. Not to mention the average auto loan payment per month is $503, for a total payment of $34,204, which is $3,902 more than the borrowed amount.
More and more consumers are realizing that signing long-term finance contracts is a very expensive way to pay for their cars. D&M professionals solve this problem with the EZ Lease, the most consumer-friendly lease on the market. D&M agents not only offer clients exclusive access to the EZ Lease, but we also have lease proprietary software that allows them to ‘manage client leases’ from start to finish in an attempt to provide world-class service.