1728 Jerome Avenue BROOKLYN, NY 11235
PHONE: 718-758-4808
FAX: 718-758-4812


All About Leasing a New Vehicle

When you are deciding whether to lease a new car, you would need to consider all of the pros and cons in order to determine if leasing a new car is right for you. At 718AutoLeasing.com, we can give you all the details on everything you need to know about leasing.

New Car Lease Pros:

  • Less commitment: Most lease terms last 24 to 36 months, where you have the option to either buy out the lease (and keep the vehicle) or return the vehicle to the dealer
  • Lower monthly payments: You are only paying the difference between the Capitalized Cost and the Residual Value. This is essentially paying for the the time you will be driving the car versus paying for the entire car price.
  • Good Manufacturer’s Warranty: The manufacturer’s warranty often covers the vehicle for the entirety of the lease term; this means no out-of-pocket expenses for normal maintenance or repair fees.
  • Low or no down payments: Down payments are often low and sometimes there is no down payment required at all on a lease.
  • Choose any new car: You can experience driving brand new vehicle that may otherwise be out of your price range if you were buying, since lease payments are lower.

New Car Lease Cons:

  • Leasing often has higher finance charges.
  • Leasing contracts restrict you on the number of miles you can drive per year. This is usually somewhere between 12,000-15,000 miles. If these miles are exceeded you can experience charges that can be as high as 25 cents per every mile over.
  • You don’t gain ownership equity over the vehicle.
  • Wear and tear penalty fees can be added at the end of your lease if you do not take care of the vehicle.

If you are looking for flexible, affordable ownership options and the ability to drive a brand new vehicle every couple of years, leasing is for you!

Request a lease a free, no-obligation lease price quote today to see how affordable your new lease can be!


QUESTIONS? CALL US : 718-758-4808

  • Low Prices, No Haggling
  • All Makes & Models
  • FREE Home / Office Delivery



1728 Jerome Avenue
Brooklyn, NY 11235



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