Car leasing provides an alternative way for New Yorkers to purchase a vehicle. It’s a great solution for commercial vehicle purchases, but it’s also very popular for personal-use cars. With a lease agreement, the buyer determines how much down payment they will put towards the lease (which is usually significantly less than a car purchase down payment) and how long they would like to keep the car. Lease agreements will specify mileage allowances and the vehicle maintenance plans. If you are new to leasing, you should read through the information on our web site, as it’s quite different from buying a car.
When you agree to lease a car, you will work with a leasing agent, such as a Lease Specialist at Signature Auto’s locations in Brooklyn and Staten Island. Your specialist will take care of all the financial contract information necessary to get your car. When you lease a car, it’s similar to “renting” the vehicle for a specific length of time, usually three years. When the lease expires, you have the option of trading in or returning the car, or you can purchase it for a value indicated in your lease agreement.