FAQ
Do you have “first time buyer” programs?
It might be extremely difficult to lease a car from BMW or Mercedes Benz if you are a first time buyer. However, CarGuyNY works closely with the banks to facilitate the approval process.
Can I lease a car with no money down?
Yes, we offer “no money down” and “sign and drive” lease options. Many customers get confused between both lease options. No money down or $0 means that you are still responsible for paying taxes and initial fees. Sign and drive literally means not a dollar at signing. CarGuyNY is fully transparent and we will explain the whole process as well as all the fees due at signing.
How is CarGuyNY able to offer such low lease rates?
A competitive advantage of our auto leasing company is the lowest prices in the area. Since we don’t have an excess amount of overhead, and process many car leases monthly, we can keep our prices low while still running a sound business. Check our prices and compare them with the prices of other companies that lease cars. We’re confident you’ll be pleasantly surprised at just how low our prices are.
What types of vehicles do you lease?
We have virtually every make and model vehicle in stock and ready to go. Everything from Audi and BMW to GMC and Honda, and even Lexus and more. To put it simply, in the vast majority of cases we have every type of vehicle you would desire. If you aren’t sure, just give us a call and we’ll let you know about the specific option you had in mind right away.
How does your lease delivery work?
When you’ve chosen the vehicle you want, and have finished all the online paperwork, we will deliver the vehicle directly to you. For your convenience, we can deliver it to your home, office or anywhere else. Once you sign the final paperwork, the car is yours.
Note About Leasing Scams
What is an auto lease fraud?
Most consumers don’t understand all the ins and outs of leasing a car. Currently, more and more scams occur because car shoppers do not know how the leasing process actually works. Dealers and leasing companies will often ruin a consumer’s credit and harass a consumer with aggressive debt collection for lease-end penalties for excess mileage and vehicle condition.
How to avoid getting ripped off while leasing a car?
The best way to avoid getting ripped off while leasing an auto is to work with a reputable car leasing company such as CarGuyNY. If you work with our company, there is no need to worry about scams or fraud. With thousands of satisfied customers, we are the most trusted auto leasing company around. We stand behind every offer or promotion listed or provided by our sales representative.
What are the most common examples of car leasing scams?
Many smaller companies that offer cars for lease are trying to make a profit by not disclosing all of the information. It's critical to avoid filling any leasing applications, writing checks, or completing any transaction without first meeting the leasing dealer.
The most common examples of the fraud while leasing a car are:
- Price mismatch on the final documents
- Lying about the lease interest rate
- Factoring Add-Ons into the lease
- Increasing length of the lease
- Not honoring the promised lease deals
- Not returning the down payment
- Increasing the interest rate during the lease term
- Not disclosing mileage or condition penalties
- Not disclosing negative equity in trade-in vehicle
- Pushing an extended warranties for leased cars including maintenance contracts and paint & rust protection
- Capitalized cost different from the price negotiated for the car lease
- Not including the down payment in the lease contract
- Lying about termination penalty fee
- Changing terms of the lease right before you sign the documents
- Charging double tax if you lease a car and then buy it