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 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.
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.