There are so many perks toaluxury car lease. While lease prices are certainly attractive, you’ve probably noticed they’ve started to climb. These are the ins and outs of securing an auto lease at Lyon-Waugh Auto Group.  

Leasing a Vehicle

When you lease a vehicle, you’ll benefit from a lower auto payment than you’ll see when financing. You will work with our team to set up a term for your lease, which usually last two or three years. Then, at the end of your lease, you just need to return your vehicle to our dealership – there’s no selling stress involved.

Lease Payments

You’ll be responsible for making regular monthly payments throughout the duration of your lease. The cost of your lease is determined by looking at your vehicle’s current value and its estimated value at the end of your lease, also known as its residual value. You’ll have to pay the difference between the two, which is your vehicle’s depreciation.

Leasing is much more affordable than financing, but it does include restrictions. Since your vehicle’s cost is dependent on its value, if it has extra mileage or wear at the end of your lease, you will likely owe more.

The Reason Behind the Rise

As we mentioned, your vehicle’s cost is dependent on its current value. Unfortunately, since everything has been so shaken up in the market in recent years, car production has decreased. However, the demand for vehicles is still high, so that forces vehicle prices to rise.

Want to discuss your lease options? Stop in at our car dealership in Peabody, MA to visit with our team about your options or get started securing your luxury lease today! 

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There are so many benefits to buyingpre-owned cars, but you have to make sure you are getting one you can trust. Keep these car-buying tips from Lyon-Waugh Auto Group in mind when buying a pre-owned car, truck, or SUV.

Don’t Skip Your Research

As new vehicles hit the market, research can be limited. However, with pre-owned vehicles, you can see reviews from people who have already owned the vehicle and see what consumers think. Plus, it’s helpful to look up reliability scores and see if the vehicle has had a lot of reported issues.  

Don’t Just Look for the Best Deal

Pre-owned cars often deliver serious savings and it’s easy to be influenced by a killer deal. While price is undoubtedly an important factor when car-shopping, make sure it isn’t the only one. You still want to carefully consider your must-haves out of a new vehicle.

Don’t Forget to Review the Vehicle History Report

The vehicle history report is a thorough report of the life your vehicle has lived so far. It lets you easily see how your vehicle has been cared for, so you know if it’s been taken care of properly. Some factors you’ll be able to peruse are:

• History-based value report
• Ownership history
• Title history
• Additional history (open recalls, reported damage, etc.)

Don’t Buy Without Taking a Test Drive

No matter how great a vehicle looks, or even how clean its history is, you still need to take it for a test drive. You want to make sure the car is everything you expected, first of all, and you can comfortably navigate it. You also need to make sure it performs the way it should.

When you shop at any of our car dealerships in Peabody, MA, you can shop with confidence. There are no clunkers on our lots. Stop in and shop today!

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Interested in purchasing a new vehicle? Concerned aboutyourauto financing options due to your credit, or lack thereof? We’re outlining your options at Lyon-Waugh Auto Group.

How Does Credit Affect Financing?

Typically, your credit score is one of the first things that lenders look at when deciding whether or not to offer you an auto loan. Your credit score shows how responsibly you borrow (and pay back) money. With a higher score, you’re likely to get more offers, which helps you get more competitive terms.

Plus, buyers with a higher credit score typically get a lower interest rate. A low interest rate can help you save thousands on your loan.

What Can I Do if I Have Bad or No Credit?

We have strong relationships with a number of local and national financial institutions. They work with so many different buyers, so we have the best chances of helping you find an offer, even if you have no credit at all.

If you can’t find rates that work for you, you may want to consider adding a cosigner, which can improve your odds of getting approved with better terms.

How Do You Get Approved?

Our application process is quick and convenient, as well as transparent every step of the way. We do everything we can to meet your needs, while still keeping your budget in mind. We’ll collect your basic buying criteria to help determine what you can afford and to submit the info to our lenders.

We also require the following information:

• Your contact info
• Your housing info (address, how long you’ve lived there, and mortgage/rent cost)
• Your employment info (employer, length of employment, and income)

Visit our Boston-area car dealership to start the application process today!

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Your vehicle has so many car parts, each necessary for your vehicle to function efficiently. However, there are a few key parts that you need to pay extra attention to. We’re highlighting the most important parts at Lyon-Waugh Auto Group.

The Engine

When it comes down to it, your engine is arguably the most important part of your vehicle. There is zero-percent chance you can use a vehicle without an engine. Without an engine that is functioning efficiently, you’ll undoubtedly see diminished performance and fuel efficiency.

There are a few key ways to maintain your engine, such as:

• Regularly change your engine oil
• Replace your filter
• Watch for leaks
• Replace the spark plugs

The Battery

In the same manner your vehicle’s engine is important, so is your battery. It gives your vehicle the power it needs to start. However, just like a battery you would use to power your TV remote, the battery will eventually die.

It’s important to regularly inspect your battery to make sure it’s reliable. It’s also helpful to avoid battery-draining hazards such as frequently taking short trips, extreme temperatures, and having battery connections that are loose or corroded.

The Brakes

We’ve added brakes to this list because properly functioning brakes are crucial for your safety. While you can drive a car without good brakes, you absolutely should not. Watch for a few warning signs that signal your brakes need an inspection, like the following:

• Squealing or screeching noises
• Spongy brakes
• Vibrating when stopping
• Thin or worn brake pads
• Your brake light is on

The best way to protect your vehicle, and your auto parts, is to schedule routine maintenance. When you need expert luxury car service in Peabody, MA, we’ve got you covered. Reach out to our team to schedule a service appointment today!

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Is your vehicle safe to drive? Regular car inspections help ensure that your vehicle is safe for you and the others on the road. Our service experts at Lyon-Waugh Auto Group are diving into the ins and outs of a car inspection to help ensure your vehicle is ready for the test.

Do I Need a Vehicle Inspection?

When you own a vehicle that is registered in Massachusetts, you must pass a yearly safety inspection. All new vehicles must also be inspected within seven days of registering them. Vehicles that are less than 15 years old and include an onboard diagnostic system must pass an annual emissions test too.

How Do I Get a Car Inspection?

Your vehicle’s emissions and safety are checked through the Massachusetts Vehicle Check program. There are over 1,800 licensed inspection stations throughout Massachusetts. You can easily find your nearest location with the Inspection Station Locator.

Do I Need an Inspection Sticker?

After passing your inspection, you’ll receive an inspection sticker for your vehicle. The sticker is valid for one year. If you fail, your vehicle will receive a “reject” sticker.

It’s important to note, you can receive a traffic violation if you are caught driving without a valid sticker, which could result in a fine and could even affect the cost of your insurance.

How Do I Know if My Vehicle Will Pass?

If you’re unsure if your vehicle meets the standards, our service center can help. Our trained and certified technicians will ensure your vehicle is prepared and can complete any repairs your vehicle may require, if necessary.

Are you ready for your upcoming inspection? Visit our car dealership in Peabody, MA to get the expert care you need today!

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Finding yourself being swayed by the cost of our pre-owned cars at Lyon-Waugh Auto Group? There’s no denying you can get substantial savings with a pre-owned vehicle. You can still spend too much though, so keep these tips in mind.

Check Out its Market Value

No matter how much a vehicle costs, you still want to make sure it’s a fair price for that specific vehicle. There are lots of sources online that can help you get an estimate of a vehicle’s value. Keep in mind, lots of factors can affect the price, including the vehicle’s mileage and condition.

Consider Your Budget

You also want to make sure that a vehicle’s price aligns with your budget. Typically, experts suggest that you keep your monthly auto expenses under 15 percent of your income. This includes your auto payment, as well as the additional costs of owning a vehicle such as fuel, maintenance, and insurance.

Inspect the Vehicle

Even if everything else lines up, you still want to carefully inspect the vehicle. Take a test drive to check out its performance. You also want to carefully look over the vehicle to check out its condition and make sure there isn’t any excessive wear.

Review the Vehicle History Report

It’s also a good idea to review the vehicle’s history report. You want to make sure that the vehicle was maintained regularly and has a thorough service history. You can also see if the vehicle was ever involved in any accidents and if it was properly repaired.

When you want a quality pre-owned vehicle, look no further than our car dealership in Nashua, NH. We only carry the best of the best at our dealership!

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Want to get the most out of your luxury vehicle? Then it’s so important that you makeluxury car service at Lyon-Waugh Auto Group a priority. These maintenance tasks can help to keep your vehicle running like new for years and years.

Tire Rotation

Our tires endure a lot every time we hit the road. Over time, they can start to wear unevenly, which can lead to excessive wear and even flat tires.

By rotating your tires, it can help minimize the uneven wear. Improper inflation can also lead to undue damage. On average, tires should be kept between 32 and 35 PSI. Make sure to check your owner’s manual to see the recommended PSI for your tires.

Engine Oil Change

Keeping your engine oil fresh is oh-so important for your vehicle’s performance. Engine oil depreciates as it ages, slowly thickening and loses its efficiency.

When it can’t flow smoothly, it won’t lubricate your engine parts the way it should. Then, the parts will overheat, which can lead to warping or even complete engine failure. Again, it’s important to check your owner’s manual to see the recommended schedule for your vehicle.

Auto Part Replacement

When you bring your vehicle in for service, we also carefully inspect your vehicle. We carefully review your auto parts and look for any issues that may need repair. In fact, there are many parts in your vehicle that are designed to be routinely replaced, including the following:

• Brake pads
• Light bulbs (headlights, taillights, brake signals, and more)
• Battery
• Spark plugs
• Windshield wipers
• Filters

When you drive one of our premium vehicles, don’t trust their care to just anyone. It’s crucial to get the expert care you need. Reach out to our car dealership in Peabody, MA to schedule an appointment with our team today!

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There are lots of decisions to make whenfinancing cars. While we work to make the process as streamlined as possible at Lyon-Waugh Auto Group, you can save even more time by getting pre-approved online.

What Does Getting Pre-Approved Mean?

Getting pre-approved for a vehicle is not entirely unlike applying for a loan. It is a quick review of your buying criteria.

The process is intended to help determine how much you can afford and your loan eligibility. A pre-approval is conditional, however. You’ll still need to officially apply for the loan and a hard pull will be done on your credit, if it wasn’t already.

How Do I Get Approved?

You can quickly apply online to get pre-approved, using our online form. To streamline the process, you’ll want to apply directly through the dealership you are interested in working with.

You can navigate to each of our sites easily from our vehicle inventory. Then, you’ll simply need to answer a few questions including info about your housing and employment. It takes just a few minutes to complete the application and one of our team members will reach out to you.  

Is it a Must When Shopping?

Pre-approval is designed to deliver added peace of mind. It helps give you confidence when shopping to know what you can afford and helps avoid any unwanted surprises at the dealership.

This can also save a lot of time at the dealership since you’ll have already compiled all the information you need. However, pre-approval isn’t necessary. You are more than welcome to walk through the application process with our team instead.

We want the financing process to be as quick as convenient as possible at our dealership. When you are looking for luxury cars for sale near Boston, MA, we’ve got you covered!

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Newcar parts can be a major investment. However, there are lots of steps you can take to help protect yours and increase their lifespan. These tips from our service experts at Lyon-Waugh Auto Group can help.

Complete Routine Maintenance

There’s no better way to protect your auto parts (and your car) than with routine maintenance. Your engine oil, for example, lubricates the moving parts of your engine.

Without it, the parts get so hot from the friction that they can begin to warp and become misshapen. As engine oil ages, however, it gets dirty and thickens, restricting its ability to move freely. This is why routine oil changes are crucial.

Rotate Your Tires

As you drive, each of your tires take on their own share of the brunt of the work. This can lead to your tires wearing unevenly. With uneven wear, they are prone to going flat, which can leave you replacing your tires sooner than necessary. Typically, we suggest that you rotate your tires every 5,000 to 7,500 miles to help protect them.

Drive with Caution

It’s so important to drive carefully to protect your vehicle. Aggressive driving can leave you consistently accelerating and decelerating, which isn’t just harmful to your gas mileage. It can also cause your tires and brakes to wear prematurely.

Only Utilize OEM Parts for Replacements

Some vehicle parts simply aren’t meant to last forever. When you need an auto part replacement, it’s important to utilize OEM (Original Equipment Manufacturer) parts. Aftermarket parts aren’t built to last the way genuine OEM parts are, which are built by the same quality manufacturers that originally produced your vehicle.

Overdue for routine maintenance? Contact our team to schedule Boston-area luxury service today!

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Are you shopping for a new vehicle? There are a few parameters we suggest keeping in mind whenfinancing cars at Lyon-Waugh Auto Group which can help set you up with the most attractive terms.

What is the 20/4/10 Rule For?

The 20/4/10 is a simple and straightforward rule that helps you easily see what you should spend when purchasing a new car. The rule, which was established by financial experts, can quickly illustrate what would be a comfortable auto payment for you, as well as how to get the best terms for your loan.

It considers your income, the terms of your loan, and your down payment to help you see what your total investment should be.

What are the Parameters?

When using the 20/4/10 rule to set your budget, you want to keep these numbers in mind.

• 20 – you should plan to make a 20-percent down payment on your purchase
• 4 – set a four-year loan term (which will typically be illustrated as 48 months)
• 10 – aim to keep your total auto expenses under 10-percent of your monthly income

How Can I Establish My Car Payment?

As we mentioned, it’s important to keep your auto expenses under 10-percent of your monthly income. This includes your auto payment, as well as additional auto costs including insurance, registration, fuel, and maintenance.

We recommend using an auto payment calculator to get an estimate on your monthly payment, which uses the following factors to establish your estimate:

• Price
• Down payment
• Trade-in value
• Length of loan
• APR

When you are looking for luxury cars for sale near Boston, MA and a seamless financing process, we’ve got just what you need. Come see us to get started today!

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