FAQ

FAQ - FREQUENTLY ASKED QUESTIONS FOR AUTO LEASING

Where is Signature Auto Located?

Signature Auto Group offers automobile services throughout New York City, including Brooklyn, Staten Island, Long Island, Queens and New Jersey and our latest location in Florida. Our Signature Auto Headquarters and Main Dealership is located at 9265 4th Ave, Brooklyn, NY 11209. Our newest Florida Dealership is located at 291 E Commercial Blvd, Fort Lauderdale, FL 33334.

Can I use my current car to trade in on a new lease?

If your current car is paid for, you can certainly use it as a trade-in. Just be sure you know its fair trade-in value, and that the dealer gives you full credit when your lease payments are calculated. If you still owe on your car, you will want to get the “payoff” from your finance company and compare that amount to the trade-in value of the car. If the trade-in value is higher, you have “trade equity.”

What is the difference between a down payment and amount due at signing?

Amount due at signing or “drive off” cost includes all charges that require up-front payment in cash, such as taxes, official fees, deposits & first month’s payment.  The down payment amount is the only part that reduces capitalized cost (amount financed), which in turn reduces the monthly payment amount.

Is it possible to lease a used car?

No. Leasing is restricted to brand new car, not used cars — with the exception that used luxury cars may be available for lease by specialty used car dealers in some larger cities. However, leasing used cars is not recommended due to low residual values and high lease finance rates.

What insurance is required on a lease?

Leasing requires that you carry and pay for liability, collision, and comprehensive insurance on your leased car. However, the amount of required insurance specified in your lease contract will nearly always be more than the state-required minimum liability coverage you might otherwise choose to carry on your owned vehicles. In that case, insurance for your leased car will typically be more expensive.

Do you ship Cars out-side the Tri-State Area?

With Dealerships located in New York and Florida, Signature Auto Group has the abilities to ship vehicles outside the New York, New Jersey and Florida Areas. Contact Us Today to find out more information on our delivery options outside of New York, New Jersey and Florida.

What is the Shortest Car Lease Available?

There is no official requirement for what length of car lease is “short” term — some auto industry experts consider any lease 24 months or less short term. Others define it as less than 36 months. Leasing terms at dealerships typically range from 24 to 60 months.

What precautions do you take for Covid-19?

During this coronavirus pandemic, there has been an increase in delivery from groceries to restaurants. Car dealerships are also embracing this practice. Through the buy-from-home option, you can have your vehicle delivered to you together with the whole paperwork that would have been completed in the showroom. Signature Auto Group is proud to offer At Home Car Delivery for our Customers. Contact Us Today!

Are your Auto Lease Prices Competitive?

We offer a Price Match Guarantee*, which means we will either beat or match the car leasing price of any competitor. Plus, Signature Auto Group also accepts discounts provided by unions and corporations, bringing prices down even further! Get in touch with us to determine if our automobile leasing options apply to the area you reside in!

As a company we learned a long time ago just how significant it is to have talented, loyal and motivated staff to serve our clients in every aspect; before, during and of course even after such an important vehicle purchase. Even though this will always be an ongoing process, this organization has been fortunate to have attracted and retain such extraordinary individuals at every single level in this company.

We are honored to serve all Signature Auto Group clients past, present and future clients in the major areas of the United States and around the rest of the world. Signature wants their customers to enjoy life to its fullest. We also have high standards that the staff agrees with and are committed to providing you with the service you deserve. The sales staff is extremely knowledgeable about our products and is there to get you the fantastic vehicle that you want and desire. Come on in and check out our extensive inventory that includes all the latest makes and models of vehicles. It doesn’t matter whether you are wanting to purchase or lease; we have the perfect plan for you. And don’t forget to check out our specials, we are always having great lease specials on a lot of the new vehicles in stock.