NYC Zero Down Lease Deals

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VIP Best Zero Down Lease Deals in NYC

Are you considering leasing a car in the Big Apple and simultaneously wondering if it is possible to do so with no down payment? It is definitely possible to lease a car with zero down payment – in fact, it is one of the main advantages of leasing a car, rather than purchasing with a loan.  Most of the time a loan will require a down payment, often as high as 20% or more if you do not have great credit.  Leases, on the other hand, do not usually.

It is important to consult with a licensed New York auto lease dealer regarding the deals available, and how exactly they work.  Zero-down does not necessarily mean you are getting a good deal.  Sure, leasing the vehicle is suddenly more affordable with no up-front cash, but the cost usually remains the same.

Keep in mind that the monthly lease payment will likely be more without a down-payment than it would be if you actually put some cash up-front.  The rule of thumb is, for every $1000 down

ZERO-DOWN VS. AMOUNT DUE AT LEASE SIGNING

So, how does a lease work?

  1. Sign Lease Papers
  2. Pay down payment / Zero down payment
  3. Pay sales tax on down payment
  4. First month’s payment
  5. Occasionally pay a security deposit (Returned at the end of the lease)
  6. Pay any official fees required by the city, county or state.

Essentially, a down payment is just a fraction of the funds required at the time of signing the lease.  A frequently misunderstood concept is that the down payment is only a portion of the total costs due at the lease signing, also known as “cash due at lease inception” or “amount due at signing”. Consequently, there is much disparity between the different kinds of zero down deals.

FOUR BASIC TYPES OF ZERO-DOWN LEASES in NY

  1. You pay absolutely nothing because the dealer has rolled any and all official fees into the lease.
  2. You pay only the official fees to make no down payments and the car company pays for your first month.
  3. You pay official fees at the lease signing and the dealer rolls your first month’s payment into the lease.
  4. You are required to make the first month’s payment and official fees, but not down payment is made so you need money at for the lease signing.

WHAT IS REQUIRED TO GET A ZERO-DOWN DEAL

Obtaining a $0 down deal is usually contingent upon a good credit score.  As a matter of fact, even deals marketed as requiring a down payment, are available zero-down with excellent credit.  In other words, qualifying for a good zero-down deal is completely dependent on your credit.  It is advisable, then, to know your credit score ahead of time to dodge any surprises.

CAR COMPANIES & SPECIAL ZERO DOWN DEALS

So, you are offered a special deal with zero down payment, is it a good deal?  Not necessarily.  It is in your best interest to assess the deal, even if it appears to be a great opportunity.  Zero down and or low payments do not mean it will be a good deal.  You may, in fact, end up paying more than others for the exact same car.

Manufacturers often advertise special lease deals with the option of a down payment or without.  You may pay a higher monthly payment with a zero down deal, however, the deal remains the same and the lease parameters do not change.  In essence, the value of the deal remains consistent regardless of whether you make a down payment or not.

CLIENTS SAYINGS

Baldwin Hines

Orkhan was extremely thoughtful and really helped me save money. All I had to do was tell him that I wanted a 2019 Subaru Ascent, wait a few days for him to find the best lease and then sign the paperwork. VIP Auto Group made getting the best price painless.
VIP Auto Lease
2020-01-14T12:41:59+00:00
Orkhan was extremely thoughtful and really helped me save money. All I had to do was tell him that I wanted a 2019 Subaru Ascent, wait a few days for him to find the best lease and then sign the paperwork. VIP Auto Group made getting the best price painless.

Jordan Curtis

VIP Auto Group is the best car leasing company out there, in my opinion. There are no pushy salespeople that tell you what you should buy, there’s no hassle, no rush, you can calmly walk around and consider everything, and you can take as much time as you need. They have the best deals anyway, so I think you wouldn’t think for too long. I’ve got Mazda CX-3 and they delivered it directly to my driveway. Very convenient! Highly recommended.
VIP Auto Lease
2020-01-14T12:42:31+00:00
VIP Auto Group is the best car leasing company out there, in my opinion. There are no pushy salespeople that tell you what you should buy, there’s no hassle, no rush, you can calmly walk around and consider everything, and you can take as much time as you need. They have the best deals anyway, so I think you wouldn’t think for too long. I’ve got Mazda CX-3 and they delivered it directly to my driveway. Very convenient! Highly recommended.

Zhanna

I had a very good experience to lease a car with VIP auto. it was a great pleasure to work with Max who made the whole process so easy. He worked very patiently with me, always answer phone calls and text messages. The amazing was that he personally deliver the car right to my house and call a few days later to find out if everything was okay. Defiantly will recommend VIP auto to my friends and specially will refer them to Max. Thank you for my new Volvo.
VIP Auto Lease
2020-01-14T12:44:53+00:00
I had a very good experience to lease a car with VIP auto. it was a great pleasure to work with Max who made the whole process so easy. He worked very patiently with me, always answer phone calls and text messages. The amazing was that he personally deliver the car right to my house and call a few days later to find out if everything was okay. Defiantly will recommend VIP auto to my friends and specially will refer them to Max. Thank you for my new Volvo.

Thomas Dinapoli

Working with VIP was an absolute pleasure. Halida helped me, and was extremely diligent in finding the exact vehicle I was looking for. The entire process was quick and easy. I made a phone call to Halida at the end of my work day and by the next day she had a few vehicles from me to choose from. After some text exchanges and phone calls a new vehicle was dilivered to my driveway with all the paperwork done and plates on the car. I’ll never go to a dealership again. Halida, you have my business for life!!!
VIP Auto Lease
2020-01-14T12:45:56+00:00
Working with VIP was an absolute pleasure. Halida helped me, and was extremely diligent in finding the exact vehicle I was looking for. The entire process was quick and easy. I made a phone call to Halida at the end of my work day and by the next day she had a few vehicles from me to choose from. After some text exchanges and phone calls a new vehicle was dilivered to my driveway with all the paperwork done and plates on the car. I’ll never go to a dealership again. Halida, you have my business for life!!!
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VIP Auto Lease

$0 Down Lease FAQ:

Where are the best lease deals with 0 down in NYC?

At VIP Auto Lease we have the best 0 down lease deals in New York City. Including on BMWs, Jeeps, RAMs, Mercedes and more!

What does zero down lease mean?

A zero down car lease means that there is no down payment required to lease the vehicle. You will still have to pay upfront for tax, registration, and fees required in NY.

How do you negotiate a zero down lease?

The stronger your credit score is (generally above 680) the better you can negotiate a zero down lease. Also, there is more flexibility for what needs to be paid and when around holiday promotions.

Do you have to have good credit for $0 down lease specials?

Generally yes, a score in the mid to high 600’s is required. But, if you can show income and the ability to pay the monthly payments you might still be able to qualify.

How to lease a car with 0 down?

When you lease a car with 0 down, you have far fewer upfront costs, and instead what would have been paid upfront, is spread out over the monthly lease payments. This is usually much more convenient for many customers.

The best zero down lease deals in NYC (Brooklyn, Queens, Staten Island, Manhattan & Bronx) along with the highest grade in customer service are a click away.

Join the nationwide VIP Auto revolution and contact us regarding your car lease today.

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