Best NYC Car Lease Deals

Wow is all I can say. How do you explain paying $0 down and getting a low low monthly rate on a new BMW? You don’t. Just take it and run with it! Thanks Zooomr!

BMW 3 Series

Wow is all I can say. How do you explain paying $0 down and getting a low low monthly rate on a new BMW? You don’t. Just take it and run with it! Thanks Zooomr!

BMW 3 Series

Wow is all I can say. How do you explain paying $0 down and getting a low low monthly rate on a new BMW? You don’t. Just take it and run with it! Thanks Zooomr!

BMW 3 Series

Wow is all I can say. How do you explain paying $0 down and getting a low low monthly rate on a new BMW? You don’t. Just take it and run with it! Thanks Zooomr!

BMW 3 Series


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Car Leasing in NYC FAQ

Learn more about car leasing in NYC

Amazing Car Lease NYC Deals

Can I Lease a Car When My Credit is Bad?

You need a car but your credit is not in the best shape right now. One idea that has come to mind is leasing instead of buying. Now the question is whether or not your credit will stop you from being able to obtain an NYC car lease. The good news is that you will find dealers who are willing to work with you. While the terms and conditions will not be the same as those extended to individuals with excellent credit, this arrangement could still work out for you. Here are a few points you need to keep in mind.

Expect to Pay a Higher Down Payment

The advertising associated with most leasing deals mention lower down payments as part of the lease provisions. Given the state of your credit, the chances that you will qualify for the lowest possible down payment are somewhere between slim and none. Assuming the dealership is willing to work with you, one of the stipulations will be a higher down payment than the one you saw in those ads.

Even though you are not purchasing a vehicle, your credit score does still play a major role in determining if offering a lease is in the best interests of the dealer. Because of the state of your credit right now, you are a greater risk to the dealer. One of the ways to minimize that risk is securing a larger down payment on the front end.

When you visit a dealership and begin the application process, it pays to be up front about the state of your credit. That provides the opportunity to get an estimate of how much of a down payment would be required. While you still have to complete the application and it must go through evaluation, having some idea of how much cash you need to supply if the lease is approved will make the transaction easier.

There May Be a Security Deposit Too

Depending on how poor your credit rating is at present, the dealer may require a security deposit. This is another strategy used to protect the dealer from a potential loss. Look closely at the lease provisions so there is no question about whether you are tendering a refundable deposit or one that is non-refundable. This will help you to know what to expect when the lease term does come to an end.

The Interest Rate Will Be Higher

Many people are surprised to learn that nyc car leases do include interest as part of the arrangements. You’ll find that the rate of interest connected with your lease will be higher than the rate extended to those with higher credit scores. This is another way that the dealer reduces the risk of doing business with you while still finding a way to get you behind the wheel of a dependable vehicle.

Don’t Rule Out the Idea of a Lease Transfer

If you are having trouble finding a dealer willing to offer a high-risk leasing agreement, don’t assume all is lost. Look into the idea of a lease transfer. This arrangement involves taking over the lease of someone who wants to get out of it for some reason.

Your credit rating will still play a role in the approval process and the overall cost may or may not be higher than a standard NYC car lease arrangement. Some lease transfers will not require you to provide another down payment or a security deposit. At the same time, you’ll also find that the odds of being approved are a little higher and the provisions are not quite as strict.

Poor credit does limit your NYC car lease options but does not close all doors. While it may take more effort, there is someone out there who is willing to work with you. Check around and it won’t take long to find an arrangement that you can afford and will ensure you have access to reliable transportation.

Are you thinking about leasing a new car? Zooomr might be able to help with that. At Zooomr, we simplify the car buying and leasing process for thousands of car owners each month. Our company was formed because we realized car leasing is a pain. Finding and negotiating a lease deal on the right car, is a total waste of time. That’s why we created Zooomr: to improve the vehicle leasing process. At Zooomr, we make dealers fight for your next car lease. Each of our car dealers competes, head to head, in order to get you the lowest price possible on your next car lease in NYC. Our clients enjoy the lowest prices possible on nyc car leases from dealers all throughout the country.

Why Choose Zooomr for your next Car Lease in NYC

Zooomr is a tech startup that is neither a car dealer, or a broker. We’re a platform, with one goal in mind: improving the auto industry – for both dealers and clients alike. Our goal is to attract attention from all parties, in order to help consumers find the best prices – and to help car dealers find new clients. It’s a win win scenario.

We deliver: Zooomr insists that every single car dealer/broker on its platform provide high quality customer service. One component of that is guaranteeing they will deliver the car to you – at your office, your home, or anywhere else you’d like. You never have to step into the car dealership, or outside of your house. We come to you.

The exact car you want: It doesn’t matter how complicated the car you want is, we promise to get you the best possible deal on the exact car you want. In addition, we promise to get bids from as many dealers possible in order to ensure you’re getting the lowest possible price. We handle all of the negotiations on your behalf, so you’re always getting the lowest price possible.

Car Leasing Company NYC

What’s an NYC car lease?

Car leases in NYC are arrangements where one party agrees to pay in order to use a vehicle for a period of time. There’s a contract that exists, which defines how much you’ll pay, and all of the terms and conditions in terms of what you can do with the car, etc. You are allowed to drive the car a certain number of miles, during the lease. In addition, you are allowed to return the car at the end of the time span, or buy it out – at a preset dollar amount. The lease fee is paid to the lessor, as compensation for your usage of the vehicle.

Why should you lease a car?

There’s a few reasons why leasing a car might be advantageous. For starters, leasing is less expensive than buying a car. When you get an NYC car lease, you’re paying a “fee” for using the car for a “set” period of time. In contrast, when you buy a car – you’re paying for the outright cost to own the car. For example, in a NYC car lease – your payments will be $12,000 over 3 years. In contrast, if you buy the same car, you’d have to pay the full price of the car from Day 1 ($42,000). As a result, your monthly payments are less on leases. In addition, typically in leases – the manufacturer covers the maintenance expenses – which is one less thing you need to worry about. Most vehicles under a lease agreement fall under manufacturer warranty, and as a result all minor repairs are handled by the dealer. At the end of the 2-3 year lease, you can give the car back and get a brand new one. It is much harder with a purchased car.

What’s part of the lease agreement

Monthly Payments: These payments are based on the vehicle’s sell value. The higher the asking price of the vehicle, the higher the sum you’ll have to pay each month – for the lease. Cars that are more expensive will require a higher monthly payment. In the event the car holds it’s residual value extremely well, then it’s possible that the monthly fee will be lower.

Residual Value: The car’s value after the lease is presented as a % figure. If a car has a high residual % that means the depreciation is low. It means that the monthly lease payments will be lower too.

Mileage: Each lease agreement has a pre-set number of miles which the car can be driven. The mileage you put on the car affects your monthly cost. In the event you go over the amount of miles, you will incur additional fees.

Disposal fee: This fee varies, and is paid to the dealer after the termination of the agreement. The fee ranges from $300 – $500. It goes towards the handling and clean up of the car afterwards.

Money Value: The lower the money value, the better the agreement. Money value is sort of like an interest rate.

NYC Car Lease Deal and Leases

NYC Car Leasing vs NYC Car Buying

If you’re reading this, it’s because you’re considering buying and/or leasing a car. Understanding both, and how they’re different – is crucial before making a decision. At Zooomr, we believe that before you start getting nyc  car lease quotes, you should first understand the difference between leasing and buying, and then decide what’s right for you.


When you buy a car, the ownership rights transfer to you. In nyc leases, it’s different – the ownership of the car belongs to the dealership or the lessor. You make payments for the usage of the car – not ownership of the car. You never own the car, in a leasing agreement. If you are unsure what’s the right choice, Zooomr’s NYC car lease experts can help you understand what’s right. It’s crucial you understand when buying a car – the monthly payments are pegged to the sale price of the car. Another factor to consider when buying a car, is depreciation (also known as residual percentage).

Down Payments

When buying a car, a down payment has to be made. In situations involving a trade-in, the car’s worth is taken as the down payment. Upfront fees are based on the lender’s assessment as well as your credit score. In leasing, there is no need of a down payment. Your monthly payment includes things like security deposits, acquisition costs, taxes, and other expenses.

Future Value

When you buy a car, you need to be aware of the drop in it’s value – especially when you sell it in the future. Factors like depreciation and maintenance have a direct impact on it’s value. Leasing provides a better option, because you don’t have to worry about the future value since you’re not the owner.


In car purchase agreements, once the final payment is made – the buyer get’s the car ownership rights. The dealership sends the “title” as proof of your ownership. Lease agreements are different. Even if you pay the entire nyc car lease at once, you don’t get ownership privileges.

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