In recent years as leasing has become more popular you may have noticed leasing stores popping up all over the New York City Metropolitan area like mushrooms in your grass after a heavy rain storm. They seem to be everywhere and came out of nowhere. People often ask, how come it’s cheaper to lease from a leasing company rather than going directly to the dealer? Reason is simple, competition drives the price down. Companies out of the New York City area typically make anywhere from $1500 to $2500 on a lease. Because of the stiff competition in New York City, brokers will often lease a vehicle making as little as $500 beating just about all the new car stores keeping prices low.
When leasing a car the first thing you need to do is get a starting point. Check to see the leasing specials offered on the model you are looking their respective new car stores. If leasing a Cadillac, check with a local Cadillac dealer. Toyota, check a Toyota dealer. On the manufacture dealer websites they also post monthly specials on leasing various models. Remember, each model has different trims, if a base model is advertised very low, moving into one with options will raise the price. Once you get a price on the car you want you will need to move onto comparable quotes.
Dealers are infamous for trying to get you to sign on the dotted line working off your desire to get into a new vehicle. The best thing you can do is take a deep breath and go home to evaluate. Now that you have a price, start calling a bunch of leasing companies. Tell them the exact make, model and trim you want getting their price and availability. Once you get a price, move on to the next one. Remember, these leasing companies are all over the place, the more you call the better your chances of getting a great deal. Even if you are one of those consumers who won’t lease from a leasing company you should call other new cars stores. Just because you checked one Toyota dealership to lease a new Toyota doesn’t mean another Toyota dealer wont beat the price you were given. Give yourself some due diligence and validate that you were given the best price rather than just taking their word.
Another hurdle a consumer may be faced with is getting rid of their older model. This is where RCO Cash for Cars comes in. RCO buys all types of new, used, financed, and yes, vehicles that still have a remaining lease. We may be able to buy you out of your existing lease depending on the miles and model you have. By selling your car to RCO Cash for Cars, you enable yourself to walk into a new deal with cash in hand rather than having to haggle with a leasing store that will most likely contact a company like us padding the price so they make a few dollars of your older car as well. In essence, dealing with us directly may get rid of the middle man when trading in your vehicle.
RCO does its best at furnishing automotive tips to consumers in an effort to making buying or selling a vehicle as painless as possible. Not only do be buy cars in the New York and New Jersey Metro areas, our extended network allows us to assist those in all 50 states. For a free online quote, visit us online at www.RCOCash4Cars.com or call toll free (888) 589-1747.