Latest Industry News
October 1, 2020
Posted by VIP Lease

Why Leasing Can Be A Great Option In A Recession

2020 has been a wild year full of ups and downs due to the Covid-19 pandemic. Now the US economy is in a recession it means there is negative gross across all sectors. But whenever there is a downturn in the economy, it means there is also an opportunity for those who look for it. In this case leasing a brand new car might be one of the best options out there for many reasons. 

First, US car manufacturers have all experienced the downturn very hard. This means that there are exceptional deals when it comes to getting the car of your dreams. Especially since in NYC, the unemployment rate is hovering around 16%. People are out of work and short on cash. But that does not mean there are not great options out there for you.

Cheaper payments

Leasing a car can be significantly cheaper than buying a car. This is one of the main benefits. Lease prices are lower because the price of the lease is based on the expected value of the car at the end of the lease.  Essentially you are only paying the car’s value during the time you use it.

Fewer taxes

Sales tax is also less. We know that taxes in NYC is a killer. We have federal and state taxes and in some cases city taxes. To top that off there is a 4% sales tax on cars. Between the sales tax and interest rates, there is a lot of money spent on a new car that does not actually go to the car.

Down payments

Additionally, there is the issue of down payments. Since many New Yorkers are cash strapped right now making a down payment can be difficult. Many car leasing companies make it very easy to lease a car with zero down payments. Your monthly lease payment will still be smaller than your purchase payments but you won’t have to give up a lump sum of money at the start.

With online car leasing so prominent in New York now as well, there has never been a better time to lease a car. How better to protect yourself from the coronavirus if you can shop, get a quote, finalize the lease, and have it delivered to your home without ever leaving you home.

To get the best prices on any car lease, even the 2021 models, contact the top-rated car lease company in NYC and online:
VIP Auto Lease 1204 Hylan Blvd, Staten Island, NY 10305 (718) 477-7888

VIP Auto Lease
The Best Lease Deals in NY, NJ, & CT, Guaranteed.

* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
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VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

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Staten Island, NY 10305
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