Boston Auto Leasing | faq

Simply put, an auto broker manages the process of buying a car on behalf of a customer. This includes finding the desired vehicle, securing financing, negotiating the price and delivering the final paperwork. An auto broker’s job is to help the customer save time and money in the car buying process. Searching for cars through different dealers and haggling for the right price can be a very time consuming process. We realize that people have limited time as is, so we make this whole process easy. One phone call, e-mail or fax will get you information and results you are looking for.

Any person who wants to lease or buy a car can use an auto broker. In the past, auto brokers used to serve the higher end of the auto market (luxury cars), but brokers today will work with anyone seeking to purchase a new car. No customer is too small for an Auto Broker.

An Auto broker offers quite a few advantages for their clients. 1) Convenience - Saving Time and Money. Auto brokers save their clients the time and effort of having to car-hunt at dealership lots, a task which most consumers find to be less than desirable. Basically, an auto broker is a professional car buyer, he/she makes the entire process of getting your new vehicle easy and straightforward. An auto broker has professional relationships with networks of car dealers, he/she is able to secure discounted pricing which creates savings for their clients. 2) VIP Treatment - Getting It Your Way. An Auto broker ensures that their clients receive great treatment from auto dealers, and are often able to enjoy perks that are not available to general public. For instance, if there is a waiting list for a certain vehicle an auto broker's customer may be moved up the waiting list. 3) Peace of Mind - Buying with Confidence. Any person who uses an auto broker enjoy the confidence of knowing that he/she have a professional advocate on their side in the car buying process, so he/she don't have to worry about the possibility of fraud, deception or other consumer related issues that are all common in the auto sales industry.

Simply put -dealing through an auto broker is like having a Personal Assistant who runs errands for you that you don't enjoy. Most people do not enjoy the process of purchasing an automobile, so the Auto Broker does that for you. No hassles, no haggling with salesman, manager or finance managers at the dealership, no running around-- you can simply sit at home while the Auto Broker finds you the best vehicle at the best possible price! You will ask: - "Why use an auto broker rather than do this myself?" the answer is simple: if not counting the time and effort that you will save, an Auto Broker is privy to information and contacts that you are not. An Auto Broker is possibly the only person who can find you the best available price in the shortest amount of time!
You don't have to pay huge dealer markups and save thousands on your vehicle. It makes buying a car simple. Just sit back, relax and wait for a phone call. It’s that easy.

Leasing Advantages:

Low out of pocket payment.

Low monthly payments. Because you only pay for the portion of the car or truck that you actually use, your monthly payments are 30%-60% lower than for a purchase loan for the same car and same term.
Sales Tax is only paid on the monthly payment. (vs. total sales tax paid in full on a purchase*)
No trade-in hassle. (no negative equity on a lease since our leases are closed-end)
You can purchase the vehicle at the end of the lease if you so desire.
Ideal if you drive less than 25,000 miles per year. Leasing a vehicle allows you to have a new vehicle every 2 - 4 years!
More Car, More Often. Since your monthly payments are lower, you get more car for the same money and drive a new vehicle every two to four years, depending on the term length of your leases.
Fewer Maintenance Headaches. Most people like to lease for a term that coincides with the length of the manufacturer's warranty coverage so that if something goes wrong with the car, the repairs are always covered.
No Used-Car Hassles. With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to the leasing company and walk away, unless you decide to buy it or trade it.
Gap Coverage Included. Most leases automatically include free "gap" protection in case your vehicle is totaled in an accident or stolen, and you still owe more than the vehicle is worth. Loans do not generally come with gap protection.
More Flexibility:

When you buy a car, you can be locked for five to six years in a long contract.
Boston Auto Leasing allows you to have the luxury of driving a new car every 24-48 months. Auto Manufacturers update their vehicles every 36-48 months anyways, so why not allow yourself to have the opportunity of always having a new car?
Financing Advantages:

For those who drive over 25,000 miles per year
For those who keep their vehicle for over 5 years
Vehicle manufacturer may have special financing available...which may equal to the same low monthly payment as a lease or less over a longer term.
Cash Buyers Advantages:

Great for fixed income or if you are retired.
No monthly payments!

When you sign your lease contract there are certain fees, taxes, and charges that are due immediately. These include your first month's lease payment, any down payment if applicable, sales tax on that down payment, any security deposit, as well as official state/county/license/tag/registration fees. This specific combination of fees is usually called the "lease inception fees" or "drive out costs".
Please notice Tag and registration fees are usually collected up-front. Other fees such as documentation fees or other administration fees can either be paid up front or included in the capitalized cost (Cap Cost). The acquisition/bank fee can be included in the capitalized cost and will be financed along with the other parts of the lease if desired. The acquisition is not typically due at lease signing but this can differ from dealer to dealer. The disposition fee is paid at the end of the lease contract when a vehicle is returned to the lease company and, in some cases, when the vehicle is subsequently purchased. Some states require sales tax on the disposition fee. Security deposits are returned to the leasee at the end of your lease.

If you are leasing a vehicle for the first time, you may be wondering about the fees and charges associated with leasing a vehicle. While some of the charges are the same ones you will pay when buying, others are unique to leasing. Expenses can differ by dealer and leasing company and will vary depending on state laws. Many times, the same fee may have a different name depending on where you lease.

U.S. states (excluding New Hampshire, Alaska, and Oregon) impose sales taxes on motor vehicle purchases by consumers. When leasing, the leasing company passes the sales tax along to you, the lessee. Methods and tax amounts vary greatly depending on location.

This is another common fee, charged by the leasing company, that is due at the end of your lease contract to compensate the leasing company for the expenses of selling or otherwise disposing of a vehicle. This fee is also sometimes charged to leasees who decide to purchase their vehicle at the end of their lease. If you have decided to purchase your vehicle you can attempt to have this fee dropped from your purchase, saving you as much as $550. However, in many cases this fee is dropped if the leasee decides to purchase their vehicle which other lease companies do not charge this fee at all.

Yes, All the cars we offer as new leases are brand new.

Yes, all of our cars come with the full manufacturer bumper to bumper warranty!

All of our pictures online are stock photos only. We will happily email you pictures of your actual car before delivery.

Most of our leases come directly from the manufacturers' own finance division or a top rated leasing institution.

All of our leases have a set buy back option if you would like to purchase it.

Your car can be returned to us or any authorized dealer in the country.

Your new car can be picked up at our main location in West Roxbury, MA. We will also gladly deliver it to you directly.

Since our cars come with full manufacturer warranty, your vehicle can be taken to any dealer for service.

In many states, there are fees that you will pay regardless of whether you are buying or leasing a vehicle. Sometimes it can be difficult to decipher dealer fees from government fees.
Documentation fees are administrative fees that are often charged by dealers. This fee usually ranges from $295 to $695 and are sometimes negotiable. Tag and registration fees are official government fees that are required by state and local governments. Dealers simply collect these fees, without any added markup, and send them to the appropriate government agencies.

There are many financial options for leasing a vehicle, all based on your preferences. You only pay a fraction of the price of the car that you actually use (You are actually paying for the difference between the actual price of the car and residual value of the car at the end of your lease), the amount of miles you drive. You are not required to make a down payment! Starting when you sign your lease, you will make monthly payments which combine a financial rate as well as sales tax in most states. The only additional cost that may be incurred when leasing is a security deposit or other fee. Another added perk to leasing is the ability to purchase the car you have leased at the end of your contract. However, if it is not what you desire, you can simply return your vehicle.

An acquisition fee, also known as a bank fee, is an administration fee charged by the bank NOT the leasing company! This charge is similar to point fees on a mortgage. This cost is usually included in your Cap Cost instead of your contract and is paid as a part of your monthly lease payments. The amount of this fee varies by leasing company as well as the type of car you choose. The total amount can range from $395 to $995, with luxury vehicles often being the most expensive. If you do not see this fee specifically mentioned in your paperwork, ask your auto broker about the fee. While this fee is usually set by the lease company, it is common for individuals to raise this fee to add to their commission. If this is the case, feel free to negotiate with your dealer; Otherwise, acquisition fees are not negotiable.

While other dealers 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). Either way, there will still be money due at lease inception. We can easily incorporate some or all of this amount into the monthly payments.

If you make a down payment (reduce Cap Cost) on your lease, certain state and local taxes will be charged depending on the state in which you are leasing. These taxes can be paid at the time you sign your lease. In fact, some states require that you pay the total sales tax at lease inception. Some states, such as Texas and Illinois, require sales tax to be paid on either the sum of all lease payments or the full sale price of the car. These taxes can usually be added to the Cap Cost and financed as a part of your lease.

There are several expenses included in buying a vehicle: a down payment, sales tax, and interest (determined by your credit score) on the loan that will cover the remainder of the cost of the car. Starting the next month, you begin making payments which is a portion of your loan plus the interest we mentioned earlier. If you decide that you want a new vehicle your only option is to sell or trade the vehicle for a depreciated price.

This one time, refundable fee is usually about the same price as your monthly lease payment. At the end of your lease contract, it will be returned to you less any disposition, mileage, or damage charges. Leasees with satisfactory credit ratings may not require security deposits, which is usually the case. Sometimes a leaser will offer a lower lease finance rate in return for a large security deposit.

Most cars are in stock and can be delivered the very next day. If it isn't in stock, we can “swap” with another dealer or factory order it to your exact specifications.

This fee is not usually required for car leases. However your first lease payment is due at lease signing which is the time when you would usually pay a down payment when buying a car. When leasing a car, if you choose to pay a down payment it can reduce your Cap Cost which will reduce the amount owed on your lease contract and potentially lower your monthly payments.

The biggest difference between buying and leasing is that when you lease, you get to pay less! Unlike traditionally purchasing a new car or truck where you have to pay for the entire cost of the vehicle, when you lease you only pay for part of the vehicle's total cost.

One way in which leasing and purchasing differ is the payment cycle schedule. Instead of paying a loan at the end of the month, you will pay your lease at the beginning of the month to cover the upcoming weeks. Accordingly, your first lease payment is due at the time that you sign your lease contract. This amount is not a down payment or security deposit, it is literally the first payment on your lease.

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