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If you have ever made a big purchase — especially if it was for something you paid off over time — your credit score almost certainly played a role. This is because lenders use this as a barometer to gauge risk. If you are planning to buy a luxury car and your credit score needs improvement, there are several ways to raise it. This luxury car finance guide offers some tips to help you purchase a new BMW, Mercedes-Benz, or other top-tier vehicle in the Greater Boston area. Pay Off Your Debt Perhaps the best way to boost your credit score is to pay off debt. If you can’t do it completely, start with the smallest debt, and focus on your credit cards. You may also want to look into consolidating your debt to limit the number of payments you need to make. Fix Credit Errors Many people have low credit scores in part because of errors that they don’t even know about. This is why it pays to get ahold of your credit report and read it thoroughly. If there are any errors or discrepancies, be sure to get in touch with somebody who can help. Use a Co-Signer If you can’t wait to buy a car, having someone co-sign on the loan could be a smart move. As long as this person has a good credit score, this will improve your chances of getting a loan, as well as a good interest rate. And as long as you make your payments every month, this is another thing that will raise your credit score. Lyon-Waugh Auto Group Makes Luxury Car Financing Easy Once you’re ready to get the luxury financing process started, Lyon-Waugh Auto Group near Boston, MA, makes it simple. Just fill out an application online to get pre-approved to finance a new Acura, BMW, Land Rover, or MINI near Boston, a Mercedes-Benz in Burlington, or an Audi in Nashua, NH. Contact our trusted dealers today!

If you’re looking into a luxury car lease, you may quickly come across some terms that could be a little confusing. This guide aims to help simplify things by defining the most important lease terms. Join the experts at the Lyon-Waugh Auto Group to learn more. Term The term refers to the length of the lease. You can generally get a lease between 12 and 60 months, but 36 months (three years) is the most common option. Money Factor This is the interest you will pay on the lease. It will be represented by a number like this: 0.0025. When you multiply that by 2,400, you will get a more understandable percentage. Cap Cost and Cap Cost Reduction The cap cost is the total amount of the lease. In addition to the price of the vehicle, it includes any other expenses, such as service plans or gap insurance (see below). The cap cost reduction is anything that lowers the cap costs, such as trading in a vehicle. Residual and Depreciation The leasing company will want to know what the value of your car will be when the lease expires, and this is the residual. Its loss in value is known as depreciation. Gap Insurance Gap insurance is something that will be included with your lease, and it benefits you as well as the dealership. If your car is stolen or totaled in an accident and you owe more money than it was worth, gap insurance will give you the funds needed to cover the difference. Need More Info About Leasing? Contact Lyon-Waugh Auto Group in Greater Boston, MA If you have questions about a luxury lease, get in touch with Lyon-Waugh Auto Group. If you’re looking for an Acura, BMW, Land Rover, or MINI lease near Boston, a Mercedes-Benz lease in Burlington, or an Audi lease in Nashua, NH, our team is here for you. Contact us today!

If you’re looking for a car for a new driver, you will certainly have quite a few to pick from. And while you may not be thinking about a luxury model, this may be the perfect type to consider. Here we discuss the three benefits of affordable pre-owned luxury cars for new drivers. Durability What makes a car a luxury car? One key aspect of these vehicles is the quality of their components. High-end autos are built from high-quality materials. This means that their parts and systems tend to stay in great shape for longer while maintaining their best performance. As a result, these cars often stay in excellent condition even as the miles pile up. Safety Another advantage that luxury cars offer is state-of-the-art safety systems, which is very important for drivers who aren’t that experienced yet. For example, the 2021 BMW 330i comes with quite a few safety components, including forward collision warning, automatic emergency braking, and lane departure warning. Affordability Finally, with a pre-owned model, you’ll save a lot of money compared to going with a new one. If you plan to finance, this means that you won’t have to borrow as much money. And if you opt for a Certified Pre-Owned vehicle, this comes with warranty coverage. Plus, for additional peace of mind, it also gives the driver access to 24-hour emergency roadside assistance. Find the Right Pre-Owned Luxury Vehicle in Greater Boston, MA Lyon-Waugh Auto Group has the perfect luxury vehicles for new drivers. Check out our online inventory to see what’s in stock and then visit any of our dealerships in the Peabody, MA, area to take a test drive!

If you’re looking for a luxury electric vehicle, the Lyon-Waugh Auto Group has you covered. Our luxury brands are increasing their focus on eco-friendly options, including the new all-electric BMW i4. Here’s why you’ll want to look for the 2023 BMW i4 near Sudbury, MA. Outstanding Power The all-electric BMW i4 comes with an electric motor and 66.0-kWh lithium-ion battery, and these combine to produce 260 horsepower. Two other dynamic powertrains are also available: Electric motor and 83.9-kWh lithium-ion battery: 335 horsepower Two electric motors and an 83.9-kWh lithium-ion battery: 536 horsepower Long Driving Range and Fast Charging Times You’ll be able to drive up to 300 miles on a single charge in the 2023 BMW i4, which is an impressive number. A 240-volt outlet will get the battery charged in less than eight hours. And with DC Fast Charging, you can recover 108 miles of driving range in only 10 minutes. Advanced Tech Features You’ll appreciate all of the many tech components found in the BMW i4. These include an infotainment system with a huge 14.9-inch touchscreen, along with: Apple CarPlay® Android Auto™ HD and satellite radio Navigation 10-speaker stereo Bluetooth® Keyless entry You can also add a 16-speaker premium stereo and wireless device charging. Latest Safety Systems In addition to the fun stuff, the new BMW i4 is also designed to help keep you safe. Every model comes with many of the latest safety systems, such as forward collision warning with pedestrian detection, front and rear parking sensors, and driver attention monitoring. You will also get blind-spot monitoring, rear cross-traffic alert, and automatic high-beam headlights. See Everything the New BMW i4 Offers at Lyon-Waugh Auto Group Want to take the 2023 BMW i4 for a ride? Get in touch with the Lyon-Waugh Auto Group to schedule your test drive today!

If you’re shopping for a luxury car, you have probably taken a look at some new models. While they are all pretty fantastic, this doesn’t mean you have to buy one of them. In fact, it could make the most sense for several reasons to look at used luxury cars near Boston, MA, instead. Here we go over the many benefits. You Can Save a Lot of Money The top reason to consider a used car is that this will save you a substantial amount of money. This means that you won’t have to borrow as much money, which can cut your monthly payments and perhaps allow you to pay off the loan faster. You can always find great value in a pre-owned luxury car. You Won’t Miss Out on Luxury Amenities Many people decide to go with a new model because of FOMO — they have a fear of missing out on the latest features. The truth is, however, that from year to year, the amenities in vehicles don’t typically change that much. This means that if you’re looking for things like genuine leather upholstery, heated seats, and an advanced navigation system, you shouldn’t have trouble finding them in older models. You’ll Get Top-Notch Warranty Coverage You don’t necessarily need a new car to get warranty coverage. If you go with a Certified Pre-Owned model, it will come with the remainder of the original new-car warranty. It will also include additional years and/or miles of coverage to let you drive with confidence. Find the Perfect Luxury Used Car in the Greater Boston Area If you’re ready to buy a used car, the Lyon-Waugh Auto Group has the right model for you. Visit any of our Greater Boston dealerships to take a few test drives today!

When the weather is cold, it’s easy to want to hunker down and do as little as possible that involves leaving your home. This is why during the winter many drivers neglect car service. But now that spring has sprung, it’s time to make sure that your luxury vehicle is ready for the season. These are the most important luxury car service tasks you don’t want to neglect right now. Oil Change When temperatures drop, oil thickens up. And when this happens, the moving parts in the engine are unable to get proper lubrication. This results in the engine having to work harder, which hurts gas mileage. Old oil also hinders the power the engine can produce. Brake Inspection If you will be driving more now that the weather is warmer, you have to be sure that your braking system is in great shape. With an inspection, technicians will examine all components to gauge their condition. And if any part is starting to wear down, you can have it replaced proactively. Battery Test Were there times over the winter when your car struggled to get started? This could be a sign that your battery’s power is starting to run low. Cold weather can especially wreak havoc on an older battery, which is why you should have it tested. If the charge has gotten very low, it’s a smart idea to get a replacement. Get the Luxury Car Service You Need in Greater Boston The best way to keep your car running just as it should is with regular maintenance. Get in touch with a service center at the dealerships of the Lyon-Waugh Auto Group to schedule an appointment!

Are you getting ready to buy a BMW vehicle? Our expert BMW dealers near Boston, MA will help you find the perfect vehicle. In order to do that, these are some questions you should ask at the dealerships of the Lyon-Waugh Auto Group. Do You Have an Extensive Inventory of New Vehicles? You’ve probably heard that many dealerships are still having trouble keeping their new inventories filled. That’s not a problem with the Lyon-Waugh Auto Group. We have hundreds of new cars in stock, and this includes dozens of BMW sedans and SUVs in a variety of models and trims. And in addition to 2023 cars, we also already have several 2024 models available. What About Pre-Owned Cars? If a new car isn’t what you’re after, you will be happy to know that we also have numerous pre-owned vehicles, as well as a special inventory of cars priced under $20,000. Here you will also find many Certified Pre-Owned models. These have to pass rigorous inspections and come with extended warranty coverage. What if You Don’t Have the Vehicle I Want? We’re confident that when you see our selection, you’ll be able to find the perfect BMW vehicle that meets your needs and your budget. But, if we don’t have it, we will track it down for you. All you have to do is fill out our online form and we will quickly get to work. Lyon-Waugh Auto Group Will Help You Make the Right Buying Decision If you have other questions you’d like answered, get in touch with Lyon-Waugh Auto Group. You can also visit one of our many dealerships to speak to a dealer in person. Contact us today!

Once you decide it’s time to replace your old vehicle, while you could certainly buy another one, you may also want to think about leasing. If you’re not sure if you should buy or lease a luxury car, this guide will help you decide. Why Buy a Luxury Car? If you want to own your car, clearly buying is the best decision. This enables you to add customizations and drive unlimited miles. Ownership also gives you something of value, which allows you to build equity. And, when a car is yours, you can sell it or trade it at any time. The only downside of buying is that it can be pricey. Why Lease a Luxury Car? If you just can’t make up your mind about which vehicle to get, leasing is probably your best choice. You can try out one car for a while, turn it in, and try out something else. Many people decide to lease because it’s a cost-effective way to have a car. In addition to being less expensive than buying, you aren’t financially tied to a car for very long. Another positive aspect of leasing is that if at some point you decide that you want to own the vehicle, you will be able to start the financing process. The only negative with leasing is that you can’t add any customizations, and there will be a yearly mileage restriction. Make the Right Choice at Lyon-Waugh Auto Group If you’re not sure which option is right for you, Lyon-Waugh Auto Group can help you decide. Visit one of our dealerships located in Greater Boston or New Hampshire to learn more about buying or leasing. We’re here to help!

If you’ve ever driven past a dealership and seen dozens of gleaming new cars, it’s probably not a big mystery where they came from. Manufacturers ship out new vehicles as soon as they come out of their factories. But, what about used luxury cars? Where do they come from? Here we discuss the three most common places. Drivers Trading in a Vehicle If you have ever bought a car and traded in your old one, immediately you know where a large percentage of a pre-owned inventory comes from. In order to resell them, these vehicles undergo extensive inspections and reconditioning. If necessary, they will have parts replaced by genuine components. And depending on their condition and mileage, they may qualify to be a Certified Pre-Owned model. Drivers Selling a Car Over the last few years especially, the value of pre-owned cars has gone up quite a bit. This is why many car owners have decided instead of trading in a vehicle, that it makes more financial sense to just sell it directly to a dealership. Dealer Auctions A big number of pre-owned cars are bought at auction. Dealer auctions take place all the time around the country, and they are usually open to the general public. In many instances, the vehicles at these auctions come from rental car companies. Explore the Lyon-Waugh Auto Group Pre-Owned Inventory If you’re shopping for a great pre-owned luxury vehicle, Lyon-Waugh Auto Group has it. Our dealerships carry cars from the top manufacturers, including Acura, Audi, BMW, Jaguar, Land Rover, Mercedes-Benz, and Porsche. Visit any of our dealerships in the Peabody area to find the perfect model to meet your needs and budget.

A luxury car is a special type of vehicle, and as such, you need to treat it properly. In addition to being thoughtful about how you drive, this involves making sure it gets regular maintenance. Here we answer some common questions about luxury car service and what it entails. What Service Does My Car Need? There are several basic service tasks that your vehicle needs to stay healthy and give you the best performance. These include: Fluid top-offs Tire pressure checks Oil changes Tire rotations Battery tests Brake inspections When is Service Required? The best way to keep your car in great condition is by sticking to this service schedule: Every 2-3 months: fluid top-off and tire pressure check Every 6 months: oil change and tire rotation Every year: battery test and brake inspection What Happens if I Skip Service? If you skip or forget about needed service tasks, it won’t be long before you notice the effects. For example, if you’re driving around on underinflated tires, not only will this hurt the way they perform, but your fuel economy will suffer, as well. Skipping an oil change will result in you needing to get gas more often. If you don’t rotate your tires, they will wear out a lot faster. And if brake components are wearing down and you’re unaware of this, your safety is put in jeopardy every time you drive. Keep Your Luxury Car in Excellent Shape If your vehicle needs maintenance, one of the many Lyon-Waugh Auto Group service centers in the Peabody area will make sure it is well taken care of. Get in touch with us to schedule an appointment today!

Are you thinking about buying an electric vehicle? While EVs are similar in many ways to their gas-powered counterparts, they have some key differences that you should know about. One question shoppers often have about EVs is “ do electric cars have transmissions?” Here you’ll find the answer from the experts at Lyon-Waugh Auto Group. No More Engine If a car runs on gas – even if it’s a hybrid – it will have a traditional engine. However, you won’t find this in a fully-electric car. These are powered by one or two motors along with a battery pack. One of the biggest advantages of not having an engine in your car is that you’ll never have to worry about oil changes. A Different Sort of Transmission Hearing that a car has a six- or a 10-speed transmission is common, and these are found in all gas-powered vehicles. Multi-speed transmissions are rarely in an EV. Instead, you will probably get a one-speed automatic. The reason why engines need to be paired with a multi-speed transmission is that it takes time for them to build up torque, which happens when revving. With an electric motor, power is delivered instantly, which is why only a single-speed transmission is necessary. Lyon-Waugh Auto Group Has the Right Electric Vehicle for You If you’re ready to buy an electric vehicle, you’ll want to see what Lyon-Waugh Auto Group offers. We have several dealerships in the Peabody area that carry them. And if you’re looking for a luxury electric model, we can help you find the right Audi, Mercedes-Benz, BMW, or any one of our other luxury brands. To learn more about EVs and where you can find them, get in touch with us today!

If you’re looking to buy a car and don’t want to pay for it all at once, auto financing is a great option. This allows you to pay for the vehicle over time with affordable monthly payments. When applying for a loan, one of the areas lenders will look at is your credit score. And while a lower score won’t preclude you from getting a loan, it may increase the interest rate. Fortunately, there are things you can do to raise your score. Check Your Credit Report The first thing you should do when planning to finance is to check out your credit report. Your score may be better than you know. This also gives you the chance to spot any potential errors and have them fixed, and doing this could immediately boost your score. Pay Off Your Debts Another thing you could do to help your credit is to pay off your debt. If paying it all off isn’t feasible, focus on the smaller debts you have, including anything you might owe your credit card companies. Consolidating your debt may also be a good option. Pay Your Bills on Time One of the main reasons why people have low credit scores is because they are late with payments. If this is a problem for you, think about automating your payments so your bills get paid even if you forget about them. Visit Lyon-Waugh Auto Group for Your Auto Financing Needs While these tips can help you raise your score, you don’t have to wait to buy a car. Lyon-Waugh Auto Group will work with you to secure a loan regardless of your credit history. Get in touch with one of our dealerships in the Boston area to get the financing process started.