Hello,
I was wondering what is the best way to lease a car in New York City? A car buying service like Costco, using a car broker, walking into a dealership and negotiating, etc. I’m in my early 20s so how can i lease a car without looking like a total rookie and having them rip me off?
reach out to @nyclife. I think he brokers deals in NY.
If I were you, I’d go through a broker. Should you choose to go through one, I’d highly recommend @nyclife.
A broker would be the easiest route. But being young I think this is a good time to learn about the process, how leasing works, and get familiar with the terminology.
Just because you are in your early 20s does not mean you can’t lease a car. If you have good credit, then you should be fine.
If you are worried about your age having an influence on how a dealer approaches you, I suggest sticking to emails with the dealers. Then they won’t know your age until you have to fill out a credit app and by that time you should have an offer in hand you want to go forward with.
Thank you for your feedback. Will keep that in mind.
Credit and income** [202020]
Correct. I left out the income part.
As mentioned earlier, your credit score and income are the only potential issues. I was going to lease an Audi, but they wouldn’t give me the highest tier despite having a very high credit score with no missed payments (790ish I think), since I didn’t have any installment loans on my history. Some manufacturers like BMW will give you top tier rates if you can prove you are graduating soon or recently graduated. Other than that, you just need to be an informed buyer. There’s nothing preventing you from scoring a better deal than the next guy who is 50.
Credit score will play a huge part. If this is your 1st lease a broker might be well worth it since it is easy to get lost in the numbers
Thanks for your input. Do you recommend any brokers? And would you happen to know what brokers charge, or what they should be charging?
protip: if you go for something with a powerful engine, be aware that you’re insurance premiums will be much higher if you’re younger
The cars I’m currently looking at are the Mazda 3, Honda Civic/Accord, Toyota Camry, MB C-300, Audi A3. Shouldn’t be too bad right?
Looking @ you, F-Type…