Fort Worth Stock Show Syndicate Supports Student's Agricultural Goals

With locations in Fort Worth, Dallas, Houston, and Grand Prairie, Texas, D&M Auto Leasing is the largest consumer auto leasing company in the country; the company attributes much of its success to its high volume of repeat and referral customers. D&M Auto Leasing gives back to the community by contributing to more than 25 charitable organizations throughout the state of Texas. Among these organizations is the Fort Worth Stock Show Syndicate.

Founded in 1980, the Fort Worth Stock Show Syndicate raises funds to support the Fort Worth Stock Show’s Junior Sale of Champions. The Fort Worth Stock Show is an exhibition of steers, lambs, goats, and barrows raised by 4-H and FFA students ages 8 to 18 from across the state. 

The animals win prizes in each category, and the prize-winning animals are auctioned to the highest bidder at the Junior Sale of Champions. The Fort Worth Stock Show Syndicate’s more than 100 members work throughout the year to solicit sponsors to make sure that each animal is sold at the best possible price. Since its founding, the Syndicate has raised more than $49 million in support of the Stock Show, all of which was awarded to the students who raised the winning animals.

In addition to helping the student exhibitors raise money to pursue their agricultural goals, the Syndicate awards 24 scholarships each year through its James M. Norman Scholarship Fund. The scholarships are granted through 4-H and the National FFA Organization and awarded to students who plan to attend a Texas institution and pursue a four-year agricultural or life sciences degree.

Money Factor in Auto Leasing

D&M Auto Leasing offers convenient car leasing to customers in such Texas communities as Dallas, Houston, Fort Worth, and Grand Prairie. D&M Leasing offers competitive rates as well as high-quality customer service to help borrowers understand the financial aspects of the auto-leasing process.

The money factor, also known as the lease factor or simply the factor, relates to the amount of finance charges that a borrower will pay on an auto lease. A borrower can use this number to find his or her interest rate by multiplying the money factor by 2,400. For example, a money factor of .00250, multiplied by 2,400, becomes 6.0 percent.

Money factors can vary from one financing company to another, as well as from one borrower to another. A borrower with a higher credit score may be able to secure a lower money factor and thus a lower interest rate, while someone with a poor credit score may receive a higher money factor. Financing companies may also need to incorporate dealership factors, including commission or buy/sell rate, though companies do have the leeway to set their own interest rates, based on what they believe is most suitable.

The Many Benefits of Working with D&M Auto Leasing

D&M Auto Leasing was established in 1976 in Dallas, Texas. D&M Leasing now maintains locations in Fort Worth, Grand Prairie, and Houston, and stands as the nation’s largest consumer car leasing business. As an industry leader, D&M Auto Leasing provides its commercial clients with a variety of benefits.

Clients immediately benefit from the company’s ability to manage virtually every aspect of the auto and equipment leasing business. Because there is no need to outsource at any point of the process, clients always know with whom they are working and to whom they can bring any questions or concerns. Similarly, clients are not limited to a “one size fits all” approach to leasing, and instead can select from a variety of options. With the assistance of D&M professionals, clients can determine exactly what their needs are and what plan best meets those needs.

Unlike many leasing operations, D&M provides vehicles and equipment at the national level. This further simplifies the process for commercial clients who may need to lease a vehicle from one state for use in another, or in a variety of comparable scenarios. Additional benefits include timely leasing processes, highly-customizable vehicle and equipment solutions, various tax advantages, and the ability to maximize capital by distributing payments over the course of an asset’s useful lifetime. More information on the benefits of D&M leasing services can be found at www.dmautoleasing.com.

The Growth of Auto Leasing in America

D&M Auto Leasing opened its doors for business in 1976, and 40 years later, the company was named Dealer of Year for 2016. With offices in Dallas, Fort Worth, Grand Prairie, and Houston, D&M Auto Leasing is the largest auto leasing company in the country.

Zollie Frank, considered the creator of automobile leasing, began leasing cars in 1941. As the '40s wore on, both fleet and individual leases became popular. 

Short-term rentals took off in the 1950s when Avis, Hertz, and National Car Rental introduced airport locations. In the 1960s, leasing became more attractive with the advent of the leveraged lease concept, in which the lessor benefited from a 100-percent tax credit for the full price of the leased equipment, and the savings were passed on to the lessee. Congress twice revoked this tax advantage before finally reinstating it for good in 1971.

Despite periodic legal, tax, and regulatory challenges, the auto leasing industry has always managed to overcome and even thrive in the American market. Numbers tell the story of the growth of auto leasing in the United States. Between 1965 and 1968, 774,000 vehicles were leased in fleet registrations each year. In 2016, 4.3 million vehicles were leased, representing a more than 550-percent increase since 1968.