How Do I Lease a Car?

Buying a new car isn’t just a big investment, it’s a big commitment, one that you may be a little hesitant to make. After all, vehicles are evolving more rapidly than ever before. A few years from now, you might start itching for the latest gadgets and designs.

When our Manhattan, Bronx, and Queens customers lease a vehicle, they can trade in without any hassle in just a few years’ time. It’s easy to do! If you’re skeptical, just read this article from our team at BMW of Manhattan.

Let’s break it down into five steps…

1. Pick Your Vehicle.

Before you delve into any of the important financial aspects of leasing a car, you’ll need to pick your vehicle. In fact, pick out a few different models; give yourself some options.

2. Consider Your Budget.

Once you have some selections laid out before you, you can begin the less exciting task of determining how each will fit into your budget. To do this, you’ll need to:

  • Estimate monthly payments, which you can easily do on most online inventories.
  • Value your trade-in. Most dealerships will offer their own trade-in tool, but you can also find out your car’s value by visiting Kelley Blue Book.
  • Check for leasing specials. There’s a good chance the dealership will have some listed online.

3. Get in Contact with the Dealership’s Finance Department.

Your next step will be to get in touch with your dealership’s finance department. To make things a little easier, you can start by qualifying for approval online. A staff member should be in contact with you shortly, and you can set up an appointment to meet.

This can often be the most nerve-wracking part of the process, but don’t worry. These financiers have experience working with all kinds of credit (good or bad). No matter your situation, they can help you get approved.

4. Work Out a Deal.

Once you’ve been approved, you can work out your specific leasing contract. Now, you’ll need to determine a few factors. For instance, how long is your lease going to be? And how many miles do you expect to put on the car during that timeframe?

5. Sign on the Dotted Line.

Once your deal has been written, the fun can really begin. Be sure to review your paperwork carefully. Once that’s out of the way, all you’ll need to do is sign a few papers, and you’ll be on your way home.

Now, that wasn’t so bad, was it?

Lease a New Car Today

When you live in Manhattan, Bronx, or Queens, leasing is an excellent financing option. It’s also a simple one! Get started today by browsing through our online inventory.

Once you’ve found a car that piques your interest, don’t hesitate to call the BMW of Manhattan Finance Department. Our knowledgeable staff will be more than happy to help you get approved. Contact us today for more information!