Monday, August 21, 2017

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.

Thursday, August 10, 2017

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.