Leasing a vehicle is great, but the leasing process can be far from easy. At Zoomr, our goal was to change that, which is why we developed a streamlined, simple, and straightforward process for finding deals. It results in a superior experience for all of our customers.
We can deliver that because we cut out one of the most time-consuming parts of the leasing process – contacting dealers in your area just to see what’s available. We’ll reach out to our network of car lease dealers throughout the greater Los Angeles area to find what you want, and since you’re a Zoomr client, you’ll be able to secure exclusive deals.
What Makes Zoomr Different
If this process sounds unique to you, that’s because it is. Zoomr is not a car dealer or an auto brokerage company. We are a platform engineered specifically for getting you in touch with brokers and dealers who are trying to earn your business. To do so, they know that they’ll need to offer their lowest prices without sacrificing quality.
Do you like getting things delivered right to your doorstep? So do we, and that’s why we provide that to you. We’re committed to getting your car to the address you provide when you sign the lease contract. What other company will bring your car to you?
And the car you get is going to be the one you want. If you have a car of your dreams, we’ll use all our resources and search our whole network to find you that make and model. Once we find it for you, we’re going to do everything in our power to make sure you end up with the best price.
Numerous Bids: We make sure to get bids from as many dealers and brokers as possible for you. This means that no matter what your budget is, we can ensure you have choices available.
Saving Your Valuable Time: Why spend more time than you need to on the car leasing process? Let us handle the negotiations and lock in bargains for you. You won’t need to deal with any possible frustrations or headaches, as we’ll be getting everything set up for you.
NYC Car Lease Deals
Understanding the Car Lease Concept
Some people hear the term “car lease” and they think of a rental that lasts for years instead of days. They’re on the right track, but that’s not quite how a car lease works.
With a car lease, you’re the lessee, which means that you pay the lessor, in this case a dealer or broker, so you can take possession of the car and use it. Your lease is for a predetermined amount of time, and all the terms and conditions will be spelled out in the contract. One term leases always have is an annual mileage limit. If you need to drive the car more than the limit, there are provisions allowing you to do so, with an adjustment made to the lease amount.
The payments you make on your lease cover the depreciation of the car. Since you’re financing the depreciation but not the car itself, it’s a win-win situation for you and the lessor.
The Reasons to Lease a Car
Why would you want to lease a car instead of buying it outright? For one, you’ll pay less when you lease than you would if you bought the exact same car. And since car prices are always going up, you can lease a new car to drive it without going into debt.
You save on both your down payment and your monthly payment when you lease a car. Lease payments are lower than monthly car loan payments, so you’ll have more of your income available for anything else you want or need.
If you don’t like dealing with car maintenance, leasing helps you avoid that. All you need to do is take the car in for the basics, such as changing the oil. The warranty on the car will most likely expire after your lease is up, so you’ll be covered if any big repairs are necessary while you have the car.
When you buy a car, you’re committing to it, and you’ll probably be using it for at least six or seven years. With a lease, you can enjoy driving a new car, return it in a couple years once your lease is up, and then repeat the process.
Important Things to Know About Leasing a Car
To ensure that you understand everything about your lease contract, we’ll explain a few important concepts to you during the leasing process.
Sales Price: One factor that contributes significantly to how much you pay monthly on your lease is the sale price of the car, as a lower price results in a lower payment.
The Meaning of Residual Percentage and Amount: For the car your choose, its depreciation determines its current value, and the amount it depreciates corresponds to the residual percentage. Higher residual percentages mean lower depreciation. Since you’re paying for the depreciation, a higher residual percentage lowers your monthly payments.
The Mileage Allowance: Your lease contract will have a mileage allowance, with 12,000 miles being a normal amount. Staying under this allowance means you won’t pay any extra fees, but drive more than your allowance and you’ll pay a per-mile rate. To help you avoid this, we’ll calculate how much you drive per year, on average, and also show you how much it will cost you if you drive over your allowance.
The Clause About a Disposition Fee: A disposition fee is a standard item in almost all lease contracts, and it typically runs you $300 to $500. The lessor uses this fee to cover the cost of preparing the car for a new lease or a sale once you return it.
The Meaning of Money Factor: This isn’t hard to understand, because it’s basically just another term for annual percentage yield (APR). A lower amount is better for you, because you’ll pay less for the lease.
Comparing Car Buying to Car Leasing
You’re reading this page on our site, so you’re probably set on getting a Los Angeles car lease. We can help you find one, but first let’s spend a minute explaining how buying and leasing a car differs. It’s important to us that we provide you with all the information you need, so you end up fully satisfied with your decision. The whole team at Zoomr believes that you should fully understand leases before signing on the dotted line.
The Owner of the Car
When you buy a car, you own it, and that’s true whether you pay the asking price in cash or get financing for it, although having a car loan means that the lender can repossess the car if you default. If you lease, the dealer owns the car, which is why you get those lower monthly payments.
NYC Car Lease Deal
Assessing Costs on the Front End
If you finance a car, you also need to put money down, and you can do this with cash or equity from a trade-in car, or a combination of the two. How much will you need to put down? That will depend on your lender and your credit score.
This isn’t the case with leasing. You pay your first monthly payment, an acquisition fee, a reasonable security deposit, and any taxes or fees required by the terms of the lease. Do you want to lower your monthly payments? Just put more money down.
Car Value in the Years to Come
Buying a car means that you’ll need to sell it one day. The amount you get from the sale will depend on the car itself, how well you take care of it, and the amount buyers are willing to pay. With a lease, this isn’t a concern, as you’re giving the car back after your lease ends.
Your Final Payments
When you finance a car, it’s yours as soon as you finish paying it off. If you lease, you can give the car back and start a new lease. If you like the car and your lease has a purchase clause, you can choose to purchase it instead of returning it.
Cars offer numerous benefits for both individuals and businesses. Nowadays, owning a car is almost considered a necessity. It gives you the convenience of moving from one point to another without any hustle. However, going with the current trends, people do not only want to drive cars, but they also want to have modern cars with high safety and security features. These modern cars come at a price.
Are you considering getting a new car for your family or business? Well, there are two main options to consider; buying or leasing the vehicle. Buying a new car would be advantageous since you will eventually get to own the car. However, you should realize that most cars depreciate to almost half their price within two or three years. Additionally, you will be required to make a minimum deposit of at least 20 percent and high monthly payments.
On the other hand, if you do not have the down payment money, but you are considering getting a new car soon, then you may need to consider leasing your next ride. Whereas some people are skeptical about car rentals, it can be very beneficial for both individuals and businesses. Here are some advantages of leasing a car that will make you change your perspective on car leasing.
Car rental offers great flexibility especially when selecting the type of car that you wish to drive. You can choose a car with the latest safety and security features, which you could hardly afford if you decided to buy the vehicle. Car leasing allows you to take home your dream car without necessarily breaking the bank. In fact, some leasing companies will allow their customers to customize their vehicle with music system and safety features. When it comes to comfort and style, some leasing companies will allow their clients to enhance their cars with polished veneer surfaces, leather interior, and GPS system.
Guaranteed safety and comfort
In case you lease a brand new car, you are guaranteed to get the safest vehicles that are currently in the market. It is a good choice especially for those leasing family cars for traveling with their family and loved ones. Nowadays, staying protected while driving your car is of utmost importance. You can easily access cars that are fitted with the latest security systems such as car alarms, air bag sensors, and remote ignition blocking. Depending on the vehicle that you lease, you can add a few more features to make your ride safer and convenient.
Free maintenance package
If you have always been worried about impromptu expenses on car repairs, you do not need to worry about it anymore with a car leasing agreement. Most of the leasing companies offer on-site maintenance for all the vehicles that they offer. In case the vehicle breaks down, the lease company will take care of the repair expenses.
Affordable monthly payments
If you have been looking for an opportunity to make huge savings while driving a luxurious vehicle, car lease deals are a great option. The monthly payments for most car lease deals are usually up to 60% lower than car purchases. Apparently, buying a new car would require you to pay the purchase price while car leasing will only require you to pay the depreciated value of the vehicle.
You have the opportunity to change your car often
Imagine getting the chance to change your car model after every two or three years. You can only enjoy this benefit if you opt to lease a car. Most car lease agreements run for two or three years. After the expiry of the lease period, you can either choose to renew the contract or enter into a new contract with a new car. Some leasing companies will even allow you to purchase the car at a residual value.
Lower tax bite
Most states do not charge sales taxes on the entire value of leased vehicles as would have been the case if you bought a car. You only pay taxes based on the portion of the value you incur during the lease period. That means that the tax is spread out so that you pay along with your monthly lease payment rather than paying all at once.