Car leasing is a common type of auto financing, which involves the idea of renting a car from a car dealership for a specific period under certain conditions.
Thus, you pay the dealer for the use of the leasing car every month.
To find out what conditions are still behind leasing a car, we created the FAQ page.
If you still have any questions how car leasing service works, please get in touch with us by phone at (718) 313-0044, email info@presidentialautony.com or send a quick request on the Contacts page.
What is financing/buying a car?
Financing a car, simply put means that you are going to own a vehicle after all your payments are made. Every month you must make payments on the vehicle and at the end of a given term, such as 60 months, you own the vehicle. A car in finance is a pledge in case the auto loan cannot be paid off for any reason. Thus, there is no need to worry about risking your assets in the event of unforeseen financial situations. Remember! That the lending rate changes during the term of the car financing agreement. You can always predict your budget correctly to pay your monthly payment for financing a car.
How do I make payments at Presidential Auto Leasing & Sales?
Once you get your car lease line of credit approved, you get an auto loan agreement. In your contract, the bank that financed your car loan indicates the best way to make payments. However, today you can definitely send transfers from your bank account via online banking, set automatic payments from checking accounts, pay by phone directly to your bank. If, for some reason, you have not figured out how to pay off your auto loan, immediately contact the Presidential Auto Leasing customer service, and we will help you with advice to avoid late payments on an auto financing.
Are there hidden fees with leasing a car?
No. There are no hidden fees for the car leasing process at Presidential Auto Leasing, and the price you get is the price you pay. There are no upfront fees unless otherwise stated. Also, no down payments are required. You are forced to put more money down at dealerships and pay more per month on the exact vehicle that we offer you at a lower price to show the difference this makes.
When can I review the paperwork for my leased car?
The paperwork is ready to be reviewed a day or two before we deliver your car. Customers tend to review and sign the paperwork during delivery, and you can see your leased car. We can also provide you with copies of any paperwork for the leasing deal that you would request.
What is the process of leasing a car at Presidential Auto Leasing?
To get a car through a car leasing deal, you need to take a few simple steps.
1. You can go to our Auto Lease Catalog, select the necessary cars' brands and models, and request a price for these cars. We post prices on the site only if we are sure there is the best lease price for a specific vehicle. You can easily find the best auto leasing offers on the Car Lease Specials page. You can obtain a request for a quote in several different ways: send a short request from the page of a specific car; send a request from the Contacts page, call +1 (718) 313-0044, contact us via chat. Please allow us some time to respond to your request via email and live chat. Most likely, our representative is trying to find out for you the best price. Therefore, we will contact you without fail.
2. Fill out a Personal or Business credit application. Thus, our consultants will get approval for financing a car and draw up the necessary package of documents.
3. As soon as we receive the approval of the bank loan to complete the auto lease deal and check with the dealer whether your car is ready in the required configuration and color, we will deliver the leased car to you directly to your home.
Don't forget to subscribe for the best car lease deals!
Can I trade-in a leased car?
A trade-in for a car is being able to apply the sales price of your current owned vehicle to the terms of your new lease/finance. The trade-in process can only happen if you own/finance your current vehicle. You must then complete a trade-in appraisal that allows us to determine the market value of your vehicle.
Can I only lease a new car?
We lease only new cars.
All of the cars for leasing are brand new under Factory Warranty.
Should I buy my leased car?
It's up to you!
However, our leases have a set buy back option if you would like to purchase it at the end of your lease term.
How does lease return work?
Every leased car must be returned by the lease termination date on the contract. The vehicle can be returned to us or any dealer with the same brand. Some banks offer a “grace period”, in which you have a few days to return the vehicle. If the vehicle isn’t returned, fees will start to accumulate.
To return your car, just call us at +1 (718) 313-0044 to make an appointment for returning your car at our office.
Our location:
Where do I pick up the car?
We can deliver the car to your home or you can come pick it up at our location.
Our location:
How do down payments work with leasing and financing?
At Presidential Auto Leasing, down payments for car leasing deals are not required. However, if you like, you can put one down. Down payments are not needed for leases, but the monthly payments can be lower if one is put down. For financing, down payments also lower the monthly payments, and they help pay off the vehicle quicker.
How much does adding miles to a lease cost?
Leases come with a set mileage allowance per year it is recommended that you don’t go over the miles because if you do you will have to pay a fee that is $0.15-$0.30 for every extra mile.
What to do if you can't make auto loan or lease payments on time?
Please, please, please!
Read the car lease contract carefully, especially items where a bank mentioned penalties and extra charges for late payments. Remember! You can always call the bank and negotiate your situation, explaining your life harnesses if you can't pay on time.