Topic Wiki

Leasing Direct: Official DDMS leasing advertiser, highly recommended. http://www.leasingdirectny.com/

Call: 718-493-0600

Typical Due at signing
$1395 in Lakewood.

MOST LEASES DONT REQUIRE A DOWN PAYMENT, NOT TO BE CONFUSED FOR $ D.A.S.

Reputable Leasing companies:

Swift Autos:     https://swiftautos.net in NY, NJ. 845-293-2888. sruli@swiftautos.net (sruli1234)
Leasing Depot: https://www.leasingdepot.com/ in NY (Crown Heights) very nice and accommodating, great service
Bianchi Honda: http://www.bianchihonda.com/ in PA Great prices, huge selection, and service (CS1)
Driveway Leasing: https://www.drivewayleasing.com/ in NY-NJ (718) 813-3000 ask for Hershy, He'll go above and beyond to satisfy you.

BrightLife Auto Group (Formaly iLeaseAuto) - Passaic, NJ Great Prices and Service (973) 800-8928 Ask for Mayer (MosheD)
The AutoPal Leasing -North Miami Beach, FL -services the entire South Florida Area (786) 303-8457 Ask for Yossi
« Last edited by yossi4k on November 30, 2019, 09:51:44 PM »

Author Topic: Car Lease Master Thread  (Read 408309 times)

Offline avromie7

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Re: Car Lease Master Thread
« Reply #1590 on: July 13, 2015, 11:41:47 PM »
There is no such thing as a typical down payment. every deal is structured differently.
that may be true but at least in lakewood well over 90% of leases have $1395 down thereby making it typical
I wonder what people who type "u" instead of "you" do with all their free time.

Offline henche

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Re: Car Lease Master Thread
« Reply #1591 on: July 13, 2015, 11:44:03 PM »
There is no such thing as a typical down payment. every deal is structured differently.

Tell me more.

Offline Fan of Dan

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Re: Car Lease Master Thread
« Reply #1592 on: July 13, 2015, 11:59:01 PM »
Tell me more.
+1 - after sinking about 1k in the used camry I just bought (04 model for around 4K) which is allegedly in great shape I am seriously thinking of selling and just leasing. If I am anyways spending 1 to 1.4K a year on repairs plus car depreciation I feel like I am better off leasing something cheap like a civic etc. and not dealing with the hassle of car repairs - plus I would be driving a new model.

Am I missing something here? I am not in a rush so I can technically wait until there's a good deal on a lower end base model sedan.

Offline Super Speed

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Re: Car Lease Master Thread
« Reply #1593 on: July 14, 2015, 12:02:37 AM »
+1 - after sinking about 1k in the used camry I just bought (04 model for around 4K) which is allegedly in great shape I am seriously thinking of selling and just leasing. If I am anyways spending 1 to 1.4K a year on repairs plus car depreciation I feel like I am better off leasing something cheap like a civic etc. and not dealing with the hassle of car repairs - plus I would be driving a new model.

Am I missing something here? I am not in a rush so I can technically wait until there's a good deal on a lower end base model sedan.
Keep in mind civic insurance and accord insurance may make up the difference in lease price.

Offline henche

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Re: Car Lease Master Thread
« Reply #1594 on: July 14, 2015, 12:05:18 AM »
What is the best time of year to lease?

Offline popcorn1508

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Re: Car Lease Master Thread
« Reply #1595 on: July 14, 2015, 12:07:31 AM »
What is the best time of year to lease?
Probably the end of the year.

Offline Fan of Dan

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Re: Car Lease Master Thread
« Reply #1596 on: July 14, 2015, 12:08:10 AM »
Keep in mind civic insurance and accord insurance may make up the difference in lease price.
Insurance is a good point as I am currently only paying approx. 150 IIRC per 6 months or so on the Camry as I didn't take comprehensive and I got a multi car discount etc.

Why would there be a large difference between a civic and accord? Crash ratings?

Offline lunatic

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Re: Car Lease Master Thread
« Reply #1597 on: July 14, 2015, 12:29:17 AM »
What do I need to know about leasing? (I'll update the wiki with what I learn).

What is a typical down payment? (I suppose as percentage of monthly payment)
What day to day costs do I bear? Oil changes? Tires? Brakes? Windshield wipers?
How much will I owe when I return it? How can I manage that risk?
I believe there is a difference between how states structure leases,  and that affects taxes that are paid

Offline yitzf

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Re: Car Lease Master Thread
« Reply #1598 on: July 14, 2015, 01:13:59 AM »
in lkwd, typical down payment is $1395. CMIIW
Need to differentiate between a down payment and taxes and fees.

The 1395 is mostly (all?) the first months payment, DMV, title and other fees.

Offline Super Speed

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Re: Car Lease Master Thread
« Reply #1599 on: July 14, 2015, 01:57:04 AM »
Insurance is a good point as I am currently only paying approx. 150 IIRC per 6 months or so on the Camry as I didn't take comprehensive and I got a multi car discount etc.

Why would there be a large difference between a civic and accord? Crash ratings?
Civic is more of a teen car.

Offline Fan of Dan

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Re: Car Lease Master Thread
« Reply #1600 on: July 14, 2015, 10:02:23 AM »
Civic is more of a teen car.
Interesting concept! That's another reason to avoid the civic  ;)

Offline safsel

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Re: Car Lease Master Thread
« Reply #1601 on: July 14, 2015, 07:47:59 PM »
The insurance will cover the remaining lease payments. You don't own the car in a lease. The leasing company owns the car and you are leasing it from them. If you own the car, you are correct that if what you owe is less than the worth of the car, then you can will get the difference. By putting money down on a lease, you are basically pre-paying the lease payments and lose the benefit of the future lower lease payments when the insurance company pays off the remaining lease.
do you have experience with this? am curious because i pre-paid my lease and the monthly statements show a negative balance on what i owe, and each month that number gets adjusted down to reflect the monthly charge. it is applied as a credit, but there is still a monthly charge

Offline sruli1234

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Re: Car Lease Master Thread
« Reply #1602 on: July 15, 2015, 03:57:59 PM »
Tell me more.

Sure.

The bottom line is, There is an amount the needs to be paid in total for the whole lease.

Say that amount is $10,000 for a 36 month lease, The monthly payment would come out to be $277.77.

If you put down $1000, The amount that get split into 36 months becomes $9000, which make the monthly payment come out to $250.00

And so on... The numbers can be moved around easily.

Offline NI

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Re: Car Lease Master Thread
« Reply #1603 on: July 19, 2015, 10:48:51 PM »
I leased a hyundai sonata last summer and am up for a new insurance plan. I'm paying in the $280 range for insurance from geico. We live in Brooklyn-2 drivers, our first time owning or leasing a car. Is there a way to get a lower rate now?
Thanks!!!!

Offline yhaller14

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