Zooomr can quickly and easily make the process of buying and leasing a car much simpler. We don’t enjoy the process of leasing a car at all- it can be annoying! We can greatly improve the car buying and leasing process and we have hundreds of dealers who are competing for our business. Don’t talk to a bunch of car dealers-let us do all the work for you! We have a network of Los Angeles dealers who can guarantee the lowest price for you when you use Zooomr. See a deal on Zooomr that you would like? It’s a deal that is there exclusively for you!
We are completely unique from everyone else. We aren’t a car broker and we aren’t a car dealer. We connect you with both who will compete with one another in order to give you the lowest price that they can. This is why we are better!
We also deliver right to your doorstep! Your new car will be delivered right to you when you buy it. Our ultimate goal at Zooomr is to ensure you have the best car leasing experience possible.
You’ll get the exact vehicle that you want when you use us. We will do everything that we can to get you the car that you have been coveting and at the price that you wish to pay.
It doesn’t matter how expensive your car is. We will get multiple bids from brokers and dealers so that you get the very best price.
Save time with us! We will handle every negotiation so that we get the lowest price for you.
Understanding a Lease
Many people think of a lease as a long term vehicle rental. While that isn’t quite accurate, it is one way to look at it! You are the “lessee” and you will pay money to the “lessor” in order to drive the car. You’ll sign up for an agreed upon amount of time and will be given a set number of miles that you can drive during the year. You can change the mileage if you need to, but you will be charged a higher monthly payment in order to do so. When you lease a car, you are paying towards the reduction of the value of the car, as the more you drive it, the less it is worth.
Why Lease a Car?
There are quite a few reasons that people choose to lease a vehicle over outright purchasing one. For one, a lease is not as expensive as buying a new car. Every day, the price of buying a car goes up, as retail prices increase, and a lease is a less expensive way to have a new car. A lease usually has a lower down payment, as well as lower monthly payments. You’ll have a new car for less money than if you bought it. Additionally, a lease will have fewer maintenance worries. Almost all leases will end before the car needs to have a major repair done to it, and they are always covered under the manufacturer warranty. So if it does need a repair, you will be taken care of! Also, when you lease a car, you are literally driving a new car every few years, which is important to many people. A lease is usually about two to three years long, meaning you can get a new car after that period is up. Some people also lease for six to seven years.
What to Know if You Lease a Car
Sale Price: The sale price of the vehicle will determine your monthly lease payment, so the lower the sales prices is, the lower your payment will be.
Residual Percentage and Amount: The residual value of your vehicle is a percentage based number. When you have a higher residual percentage, your car will have a lower depreciation value, which is important. A higher residual value equals lower monthly payments for you.
Allotted miles: When you sign up for a lease, you’ll be given a set amount of miles you can drive. You’ll be charged a fee for any miles that you go over. It is important to understand how many miles you are permitted and what happens when you go over that amount.
Disposition fee: You’ll be charged a disposition fee, which is the cost the leasing company will charge you to clean up your vehicle after you return it. Most companies will charge between $300 and $500, and it is a charge that is normal to incur.
Car Leasing vs Car Buying
You must be looking for a car lease in Los Angeles since you are here! But you should know the difference between leasing a car and buying it before you go on. You want to know if a lease is right for you. Zooomr wants you to know exactly what you are getting into before you actually sign the papers.
Who Will Own the Car?
Buying a vehicle, whether you pay cash for it or finance it, means that the car belongs solely to you. You’ll be making the payments, but the car is yours. Leasing a car means you do not own it. You are technically paying to use the vehicle, but your lender actually owns the car. This is why you will pay less than if you actually purchased the car on your own.
When you buy a car and finance it through a bank or other lending company, you will be required to make a down payment. You may also trade your car in and use the value of it towards the payment to lower the cost. But when you lease your vehicle, there is no need for a down payment. You’ll be responsible for the first month’s payment, the acquisition fee, security deposit and other fees and taxes. To secure a lower monthly payment, you are permitted to pay more for the vehicle upfront.
Future Value of the Car
After you buy a car, the value of it goes down the minute you drive it off of the lot. You’ll get whatever it is worth if you go to sell it, depending on the condition. With a lease, you don’t own the car, so you don’t have to worry about future value.
When you buy a car, you will get the title in the mail from the lender when you make the last payment. With a lease, most drivers usually return the vehicle when the end of the lease is up. Some people purchase the vehicle while the lease is still going, or at the end. This is a choice that is up to you to make.