Leasing a car without paying in advance
You provide the requirements - we find the best car lease deals
No need to visit in person - get your car delivered to your home or office
Leasing a car means entering into a long-term rental agreement for driving the new car. Leasing a car includes: lower monthly payments, $0 down payment, no depreciation worries, no resale hassle. Unlike a traditional car purchase, you don’t actually own the vehicle. Instead, a leasing company purchases the vehicle from the dealer on your behalf and then you make monthly payments to the leasing company for the duration of your lease. After this term ends there are options like returning the vehicle to the company or purchasing it at a residual value, which is defined in the lease contract. Leasing a new car offers many benefits to enjoy. As of September 2021 - you can get a discount when returning your old lease or trading in your used car. Read more about how does leasing a car work in our guide.
When you buy a car, you buy the whole thing. When you lease a car, you’re paying for the difference between the negotiated sale price (including fees) and the predicted amount that it will be worth at the end of the lease term. This difference is named depreciation.
2. MSRP This abbreviation stands for “Manufacturer’s Suggested Retail Price” meaning the purchase price that a vehicle’s manufacturer recommends it be sold for at the point of sale. It is also called a “sticker price” as it appears on the vehicle’s window sticker.
3. Residual Value The amount that the car is expected to be worth at the end of the lease is called its residual value. Your residual value is based on your parameters. First is the number of miles per year you agree to drive, which is typically from 10,000 to 15,000. Second is the term of the lease and it is up to you to choose while normally it may be 24 or 36 months and more.
4. Money Factor While traditional vehicle financing includes an interest rate, leases include a money factor, which is not quite the same as an interest rate. The money factor can be translated into the more common annual percentage rate (APR) by multiplying the money factor by 2,400.
Leasing is a cheaper alternative to buying a car outright or via dealer finance. You can enjoy all the benefits of driving a new car, but you don’t have to worry about depreciation because you don’t own the vehicle. If you choose to buy a car, you pay for the entire value of a vehicle. Unlike buying, you only make monthly payments for a portion of a vehicle’s total value, only during the time you’re driving it. In other words, you’re paying for the vehicle’s depreciation throughout the lease term. Moreover, when financing a car, you pay out a large upfront fee or take out a finance deal, while leasing gives you the flexibility to pay fixed monthly instalments. You can also choose to include the cost of maintenance and servicing in your agreement, potentially saving you money in the future and reducing the amount of time you spend off the road.
Leasing a car in 2022 is a good way to save money and make use of a nice new vehicle. Leasing makes sense when you want lower monthly payments to drive a new car every few years. You agree on 2 to 5 year leasing contract with some conditions. It gives you a chance to spend your finances wisely with relatively cheap monthly payments. Short-term commitment makes your life easier without the hassle of constant maintenance. There is no need to stress about the market change and depreciation as if you had to trade up your pre-owned auto. Leasing makes the idea of having a car easier, more affordable, and customer-friendly.
It depends on the make and model you choose, the incentives, rebates, and the financial proposal from the bank. The total cost is calculated upon signing a deal but you can get an approximate figure using our leasing calculator. You need to know the parameters like the lease term, down payment, MSRP, selling price, and the residual value of your leased car.
You need to have a good credit score to lease a vehicle at the first place. It works pretty much the same as buying a car with a loan. The higher your credit score is, the wider range of the cars is available to lease. Having a co-signer with a top-tier credit score might allow you to get a proper lease deal. Leasing can help to build your credit or cause the score to drop depending on the way you make your payments.
Check our catalog for wide range of makes and models.
Settle details with an expert and prepare the contract
Pick up your car at our location in Brooklyn, NYC or get your car delivered door to door for free.
Are you an experienced lessee or just make your first steps on your way to the best lease deals? Anyway, you are very lucky because this service has a huge number of advantages, saves your time and money, and provides a crazy driving experience for a variety of vehicles. We are happy to welcome you to Grand Prix Motors, our car leasing company in Brooklyn that is always ready to help you find the best options to get your dream car!
New York is the biggest metropolitan area in the US. It’s a city of movement, a city of energy that never sleeps. Life is boiling in all of his boroughs, including Brooklyn, and this crazy rhythm demands mobility and speed of its residents. Yes, the NYC subway, taxi, and other public transport helps thousands of New Yorkers, but when it comes to comfort and accuracy of movement, the issue of a personal car becomes urgent.
We agree that financing a car solves many problems, but leasing is gradually becoming a more profitable alternative. So, what makes car lease deals in NYC so popular? The customers of Grand Prix Motors give the following reasons:
Of course, everyone has its own reasons to turn to an auto lease company for the best car deal in Brooklyn. Anyway, Grand Prix Motors is the place where you can meet the best assistance and the lowest prices across all the NY boroughs!
There are a lot of auto leasing companies, operating across Brooklyn, NYC, and other areas. You may feel at a loss when you choose a broker to deal with, as each firm may offer its own terms and benefits.
As for GPM, we have a lot to offer to our customers! We have been providing lease services for over 25 years, and try to hold the bar high, providing the following benefits:
We take care of your money and your peace of mind, and we know that we can never stop. Grand Prix Motors has been working for you for many years and we keep trying to become even better every day!
In fact, you can make a deal on almost any car you want. Our contacts with automotive companies, automakers, and dealers let us create the most reliable partnership in NYC! Whatever brand you like and whatever special you dream of, we are here to give you a chance to get behind the wheel.
The list of specials in our catalog includes a great variety of makes and models, including small city hatchbacks and luxury cars, large SUVs and exquisite sedans, mighty pickups and comfortable minivans, exclusive convertibles and impressive muscle cars, with mechanical or automatic transmission. No matter what car you are planning to lease; we can offer you something to feel good on the streets of Brooklyn!
Today, our answer is yes! You may lack money for down payment, have poor credit score, or be a student with no credit score at all. You may be in need of a car in NYC being a non-US resident or in search of a rare sports car. Grand Prix Motors is eager to help anybody who wants to make a good car lease deal!
If you are in Brooklyn or any other NYC boroughs feel free to contact us for a car lease! We are glad to help you in every step of leasing a car and we wait for your requests both in person and online!
Hear about the latest offers first, before everyone else.
Submit your desired Car and we will contact you shortly.