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!

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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.

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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!

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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!

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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.

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When planning to buy a luxury car, it pays to prepare. Because this will be a big investment, you should have as much information as you need to make the most informed buying decision. These are the questions to ask to help ensure you get the right car at the right price.

What are My Must-Haves?

You should start by thinking about the things you need your car to have. This could include ample room for passengers, advanced tech components, or the latest safety systems. If performance is important to you, consider things like power and handling. The more detailed you are, the easier it will be to narrow down your options.

What are My Nice-to-Haves?

Now, think about the features that you don’t necessarily need but would be nice to have. Perhaps this includes heating and ventilated seats, wireless device charging, or a hands-free power liftgate. If they’re not standard, you may be able to upgrade to get these amenities and any others you’re thinking about.

What’s My Budget?

Once you know what you want your car to come with, you can start thinking about your budget. If you’re financing, you should begin by considering how much you can supply for a down payment. A trade-in vehicle can help with this. Then figure out how much you want to pay every month.

How Do I Start the Financing Process?

When you’re ready, you can get the financing process going very easily. Lyon-Waugh Auto Group makes it simple, as we have an online form that will get you pre-approved for a loan. Once submitted, one of our financing professionals will contact you.

Can I Buy a Luxury Car with Lyon-Waugh Auto Group?

Absolutely! If you have any further questions about buying a luxury car, contact the friendly professionals at Lyon-Waugh Auto Group. We’re ready to get you behind the wheel, so schedule a test drive today!

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When you’re in the market for a luxury car, it’s very important to conduct thorough research. This is perhaps especially true when perusing Certified Pre-Owned luxury cars. This guide goes over the things to keep in mind when looking for the right vehicle. Trust the experts at Lyon-Waugh Auto Group for all your CPO needs.

Mileage

To get the Certified Pre-Owned (CPO) designation, vehicles can’t have more than a certain number of miles on their odometers. However, this can vary significantly. Be sure to check the mileage, but don’t get hung up too much on it. The average driver puts around 14,000 miles on his or her car every year, so doing the calculations can help you figure out if a car has perhaps been driven too much.

Condition

While you should take a close look at any vehicle you’re interested, in both inside and out, you don’t have to worry as much about the condition of a CPO vehicle. This is because they have to pass rigorous inspections which are performed by certified technicians. And if anything needs to be fixed or reconditioned, only genuine parts will be used.

Road Test

CPO cars also have to pass a road test, but you should still take it out for a ride. This will enable you to get a feel for its power, braking, and handling. Experiencing how a car performs will let you see what it will be like to drive every day.

Find Your Certified Pre-Owned Luxury Car with Lyon-Waugh Auto Group

Lyon-Waugh Auto Group always has a big selection of CPO luxury cars to pick from. Visit one of our dealerships in and around Peabody to find just the right model for you.

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If you’re thinking about a luxury car lease, you may already be picturing yourself driving a fantastic new model. But, before you can get to that point, all the financial aspects need to be worked out. Understanding these terms can help you make good decisions.

Lease Term

The term is the length of the lease, which generally lasts between 24 and 60 months.

Capitalized (Cap) Cost

The cap cost is the total cost of the lease including interest.

Capitalized Cost Reduction

The cap cost reduction includes anything that reduces this, such as a trade-in vehicle.

Money Factor

The money factor is the interest you will pay. This is represented as a number that may look like this: 0.0020. Multiplying that by 2,400 will help you determine what you will need to pay. In this instance, the rate is 4.8 percent.

Depreciation and Residual

Depreciation is the drop in the value of your car, which has a big impact on the residual. This is what the vehicle is worth at the end of the lease, and this is important if you want to buy it.

Gap Insurance

Because a leased car is still owned by the dealership, they will want to ensure it’s protected in the event of an accident. This is why your lease agreement will include Gap Insurance, which offers coverage if there’s a total loss.

Get All of Your Leasing Questions Answered at Lyon-Waugh Auto Group

If you have questions about leasing or the lease process, get in touch with Lyon-Waugh Auto Group. You can also visit one of our dealerships in the Boston area to speak to a leasing professional. Schedule an appointment today!

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Winter weather is wonderful – if you don’t need to go anywhere. If just sitting at home with a steaming cup of hot chocolate watching the snow fall isn’t an option for you, this luxury car service guide from the Lyon-Waugh Auto Group will help ensure that your vehicle is ready for whatever may be on the way.

Consider Winter Tires

Even if your tires are in good condition, you may still want to think about having a winter set put on. These tires have very deep treads and are specifically designed to offer better traction when dealing with snow and ice.

Have Your Battery Tested

You don’t want to try to start your car on a frigid morning only to discover that your battery has conked out. This is why you should have it tested to find out how much power is left. If it’s getting on the low side, you can have it replaced.

Check Your Heater

Even if you have a short commute, if your heater isn’t working, it will feel pretty long. If it takes more than a few minutes to have hot air coming out – or perhaps the air never gets very warm – something is certainly amiss.

Replace Your Windshield Wipers

With snow, sleet, and freezing rain, your wipers need to be able to handle all sorts of nasty precipitation. If they can’t, this will limit your visibility, which puts you in a dangerous situation. If your wipers are old or the rubber is frayed, consider having them replaced.

Schedule Winter Service with Lyon-Waugh Auto Group

The service center at Lyon-Waugh Auto Group will help ensure that your car is ready for harsh winter weather. Get in touch with us to schedule an appointment.

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How do you know that your car is in great condition? The best way is to have it inspected by professionals on a regular basis. If your vehicle is due to be looked at, you may be asking: “how long does a car inspection take?” This guide goes over what the process entails to keep you prepared.

The Elements of a Car Inspection

There are four main elements of a vehicle inspection:

Fluid Check

Because fluids can run low, they all need to be checked. A variety of systems rely on fluids, such as:

• Brakes
• Power steering
• Transmission
• Master cylinder
• Heating/cooling system
• Windshield wipers

Any fluids getting low can be topped off. Certain fluids — such as the oil and transmission fluid — can also be changed if they are thick and dirty.

Tire Examination

Your tires will get a visual examination to make sure that they are in good condition and that the treads are at a safe level. The tire pressure will also be checked to see if it is at the right level. If necessary, you can have your tires rotated as well.

Brake Inspection

Your braking system will be looked at closely to determine how everything is working. This includes the brake pads, shoes, and rotors.

Battery Test

Your car’s battery will be tested to determine how much charge it has. Technicians will also look for corrosion, a swelling case, or other signs of trouble.

Schedule Your Car Inspection with Lyon-Waugh Auto Group

If all these areas look good, your vehicle inspection probably won’t take more than an hour. If, however, some replacements are necessary, it may be a little while longer. If you would like to have your car inspected, get in touch with Lyon Waugh Auto Group to set up an appointment.

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