FAQ

Welcome to the wonderful world of care-free car non-ownership. Leasing a car with New Era Leasing is a peace of a cake hassle free experience!

What does it mean to lease a car?

Basically, a lease is a long-term rental agreement. If you always like to drive a new car, or never want to pay for wear and tear, or you don’t want to pay for the depreciation of a new car, a lease may be a good idea.

However, if you drive your cars hard or keep them until they fall apart, think again: purchasing is probably best for you...

Who is New Era Leasing?

We are a direct leasing and financing agent for all makes & models of cars since 2009.

The advertisements say zero down but what is due at signing?

Your first monthly payment

Fees to cover licensing and registration of the vehicle

Local sales tax

Acquisition fee aka bank fee

Dealer and/or doc fee (if Applicable)

What are the cost of bank Acquisition fees per manufacturer

Audi $695

BMW $925

Dodge $695

Ford $645

GMC $595

Honda $595

Hyundai $595

Infiniti $700

Jaguar $795

Jeep $695

Land Rover $795

Lexus $700

Mercedes Benz $795

Mazda $595

Nissan $595 

Porsche $895

Toyota $650

VW $595

Volvo $695

Where do I pick up the car from?

We will deliver the car to your residence or business free of charge within 100 miles of our location.

Do all of your cars have a manufacturer's warranty?

Yes, the standard factory warranty applies to all of our cars.

Are all of your cars new?

Yes.

How are your prices so low?

With over 10 years of experience through our dealer network, we are able to get much lower prices than any walk-in customer could on their own. A typical customer leases a car every 3 years, we have been leasing and financing thousands every year for the past 10 years. Our high volume in sales enables us to receive additional rebates and incentives, and then we extend the savings to you.

What is a One-pay or Pre-pay Lease?

A "One Pay Lease" or a "Pre-Pay Lease" is when a manufacturer offers a special lease rate and requires you to pay the entire lease upfront for a deep discount.

What exactly does $0 down mean?

Most car companies advertise a low monthly payment with thousands of dollars down (cap cost reduction), we take a different approach by listing all of our cars with $0 down (cap cost reduction). In either situation there still is money due at signing on each lease, for example the first monthly payment, bank fee, local tax, DMV fees, & dealer fees if applicable). We can easily incorporate some or all of the amount into the monthly payments at your preference.

Where can I service the car?

Your car can be serviced at any local authorized service center from the manufacturer of your choice.

Can I buy the car at the end of the lease?

Yes, every lease has a purchase option at the end.

What bank will I be leasing with?

Most of our leases are directly with the manufacturer's own financial institution with the remaining going through a reputable top tier bank.

Are the pictures online of the actual car?

All of our pictures online are stock or file photos only. We will be happy to email you pictures of your car actual car before delivery.

Where do I return the car at the end of the lease?

You can feel free to return your end of lease vehicle to us or any authorized dealer in the country.

How long does the process take?

As long as the car is in stock, it can be delivered day of or very next day.

Do you accept trade-ins?

Yes, we accept trade-ins, please contact us to discuss.

Can I transfer my own plates?

Yes, plates are transferrable, upon request.

Do you offer other cars aside from what is listed on your website?

Yes. We are able to obtain any make or model you are looking for. Please contact our representatives for assistance.

How can I get out of my current lease early? 

    1. Sell the car on your own:

      • Call the finance company or bank that's handling your lease.

      • Ask them for the "pay-off" or "buy-out" amount. This is how much it will cost you to buy the vehicle outright.

      • Try to sell the car on your own to a private party with the goal of making that "pay-off" amount -- or at least getting very close to it.

    2. Find someone to take over your lease:

      • Visit a "lease trading" website such as swapalease.com.

      • Place an online ad to get out of your lease.

Contact Us

NEWERALEASING

1203 AVENUE U  BROOKLYN NY 11223

Customer support: 732-822-0577

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