Frequently Asked Questions

At Interstate, we understand how daunting it may seem to lease or buy a vehicle.

We’re here to walk you through the process and answer all questions you may have to make the experience as stress-free and expedient as possible.
Great question! Each one has it’s own advantages. Having a leased vehicle will ensure that you’re always in a relatively newer model, and you won’t have a very large down payment either. Also, your monthly payments will usually be lower than a purchased vehicle.
Conversely, when you purchase a car, you will have higher monthly payment because you’re paying for the entire vehicle, not just for the depreciation of it’s value (which is essentially what a lease it). Please reach out to one of our friendly salesman to get answers to any further questions!

Yes! Just about all leases give you the ability to purchase it directly from the leasing bank when your term expires. You’re entitled to pay it outright, or we can help you with stress free financing to keep your costs down.

Generally, besides for your lease payment, you can expect to be assessed sales tax (which will vary based on the sales tax rate of where you live), a Bank/Acquisition fee which is a one-time fee due at the beginning of the lease, and plates/registration charges, which also vary depending on if you’re transferring old plates, getting new plates, and if you’re registering your vehicle out-of-state.

A lease or loan for a vehicle will usually require good credit, but we have many options for those with subpar history, and will gladly work with you to try and get you into your preferred vehicle, no matter your credit situation.

A lease is a long term contract between you and the bank, and the monthly payment that you’re given is based on an assumed value that the car will have at the end of your term. That value is predetermined by taking into account how many miles the car will have when the lease is over. If you assume that you’ll be driving more than average, speak to your salesman, we can structure a lease with higher mileage options to avoid having to pay per-mile charges at the end of the lease. 

There are three costs that you may or may not incur at the end of your lease;
1) The “disposition” or “return” fee. This is standard on most leases. Think of it like a restocking fee of sorts for a returned purchase. There are situations in which you would not pay it, like if the vehicle is purchased when the lease is up. 
2) Excess mileage. If you go over your allowed miles, you’ll be assessed a per-mile fee based on your lease contract terms.
3) Excess wear and tear. The bank wants their car back in good condition. Luckily, we can walk you through this process to try and mitigate any damage charges. You’re usually entitled to pre-return inspections at your home or office, or at our dealership. Additionally, Interstate offers many contracts that you can purchase to cover the cost of any end-of-lease damage charges.

Usually, you’ll be able to get your new car directly from our office in Brooklyn. We even offer delivery to your home or office!

At the end of the lease your salesman will be in contact with you to arrange. Generally, the car needs to be returned to us or any authorized dealership. Don’t worry, we’ll walk you through the process.

You can maintain and service your car at the dealer of your choice. Some vehicles actually come with free maintenance plans, ask your salesman if this applies to you.

In most cases, you should not need to handle any DMV transactions to get your license plates and registration for your new car, we handle it all for you in-house. 
Still Have Questions?
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Our expert sales reps would be happy to help.