Offices/Showroom: 2750 Nostrand Avenue, Brooklyn, NY 11210
Sun.: 10:00 am - 1:00 pm • Mon. - Thur. 9:00 am - 6:00 pm • Fri 9:00 am - 1:00 pm
When acquiring a car or other vehicle you have the option of buying or leasing that car or vehicle. This page will give a basic breakdown of the differences and the pros and cons of leasing. Feel free to contact us with any questions you might have regarding your next vehicle. Plaza Auto Leasing offers to purchase or to lease on both new and pre-owned vehicles.
Whether it's a new vehicle, or pre-owned, whether you choose to lease or buy Plaza Auto Leasing is your best choice. The prices we advertise are the lowest in the industry because of our tremendous buying power as a dealership, and we deliver as promised, unlike a typical dealership experience.
Plaza Auto Leasing has access to over 12 acres of cars, SUV's, crossovers, minivans, vans, pickup trucks, from Honda, Toyota, Nissan, Hyundai, Acura, and others. Visit us in Brooklyn and while you are here test drive the vehicle of your choice and drive off in it the same day!
We will be glad to discuss your options with you regardless of whether the car or other vehicle is new or pre-owned.
Below is an overview. If you have any specific questions if leasing or buying is right for you, please call us at 718-975-9000, and we will be happy to help you decide whether to purchase or lease a car or any other vehicle.
When you buy or purchase a car, you pay for the entire cost of a vehicle, regardless of how many miles you drive it or how long you keep it. Monthly payments are higher for purchasing a car or vehicle than they are for leasing that same car or vehicle. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company based on your credit score. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale or trade value.
When you lease a car or vehicle, you pay only a portion of a vehicle’s cost, which is the part that you “use up” during the time you’re driving it. Leasing is a form of financing and is not the same as renting. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and you pay a financial rate, called money factor, that is similar to the interest on a loan. You may also be required to pay fees and possibly a security deposit that you don’t pay when you buy or purchase a vehicle. You make your first payment at the time you sign your contract - for the month ahead. At lease-end, you may either return the vehicle or purchase it for its depreciated resale value. In some cases, you may be charged a lease-end disposition fee at the end of the lease.