Baltimore Car Leases & Car Lease Deals
frequently asked questions and answers
If you have any experience leasing a car, you understand how complicated it can be. But it doesn’t have to be, especially when you choose Zooomr. Our goal is to turn the leasing process into an easy, efficient process so we can provide a better experience for our clients.
With Zooomr, you avoid the time-consuming part of car leasing where you contact your local dealers just to find out what they have available. We take care of that for you by looking for the car you want throughout our network of Baltimore car lease dealers. Another benefit for you is that all of those dealers have committed to offering Zooomr clients their absolute best deals, so you can score a bargain.
What Makes Zooomr Different Than the Rest
If we sound different than other services to you, that’s because we are. Zooomr isn’t an auto brokerage company or a car dealer. We’re a platform, carefully designed to get clients connected with brokers and dealers focused on winning their business. To do that, they know that they need to offer their lowest possible prices while maintaining a high level of quality.
Home delivery is great, and that’s why we offer it to you. We’re committed to getting the car you chose to the address that you provide when you sign the lease agreement, and in a timely fashion. Who else would deliver your car to you at your doorstep?
Looking for the car of your dreams? We want to help you find it, and we mean the exact make and model you want. We’ll use every resource we have to find that car for you and then secure you the most competitive price for it.
Many Bids: We work on your behalf and get bids from numerous dealers and brokers. Whatever budget you have, we’ll make sure that you have options the work within that budget.
Your Time is Valuable: With our streamlined approach, you get to save your time for other tasks. We handle those pesky negotiations, locking in the best deals for you so you don’t need to deal with any frustrations.
Baltimore Car Lease Deals
Understanding How a Baltimore Car Lease Works
There’s a common misconception that a Baltimore car lease is basically just a car rental that lasts a couple years instead of a couple days. That’s not exactly true, but it’s a good starting point.
When you obtain a lease, you’re the lessee. You make a monthly payment to the dealer or broker, called the lessor, for them letting you drive the car. The lease lasts for a prearranged term, with three years being a common time frame. All the terms and conditions are in your lease contract, including a mileage allowance and a provision on how you can change that allowance if necessary. Changing your mileage allowance will result in an adjustment to the lease payment amount.
Instead of paying for the car, you’re paying for the natural depreciation that occurs while you’re driving it. It ends up being a win-win situation for you and the dealer or broker that you connect with on Zooomr.
Why Would You Car Lease in Baltimore?
There are many benefits to leasing a car. Since you’re only paying the depreciation, leasing costs less than it would to buy the same make and model car. You’ll be able to drive a new car without owing money on an auto loan.
Leasing keeps more money in your pocket every month for other expenses. Baltimore Car leases typically have lower down payments, plus you’ll pay a lower car lease payment than you’d have with an auto loan.
No one likes finding out their car needs a huge repair, but that’s not a concern when you lease. You only need to take care of the basics, and the car will likely be covered by its original warranty over the term of your lease. If anything goes wrong, you won’t have to pay out of pocket.
Most people don’t have the money to buy a new car every couple of years. If you buy a new car, you’re probably committing to it for at least six years. With a lease, you can drive a new car, turn it in, and then drive a new car again.
What You Should Know About Baltimore Car Leases
We work with you and make sure that you understand some key points as you find a car and enter into your Baltimore car lease agreement.
Sales Price Importance: The sales price of the make and model car you choose plays a large role in your monthly payment, and a lower sales price means you pay less.
The Meaning of Residual Percentage and Amount: A car’s current value is determined by its depreciation and corresponds to a residual percentage. A higher residual percentage indicates a car that holds its value longer and depreciates slower, which means you pay less every month, since you’re paying that depreciation.
Mileage Allowance: There’s an annual mileage allowance with every Baltimore car lease, and driving under that allowance prevents you from incurring any fees, which would be on a per-mile basis. To ensure that the mileage allowance will work for you, we’ll calculate the average miles you drive based on your driving habits. We’ll also explain how much you’d pay if you went over your allowance.
The Clause About a Disposition Fee: A lease contract will almost always include a disposition fee between about $300 to $500. The lessor charges this to cover the cost of getting the car ready for sale or another lease once you return it.
Meaning of Money Factor: This serves as another way of saying annual percentage rate (APR). You obviously want to get the lowest amount possible to pay less.
How Car Buying and Baltimore Car Leasing Compare
You’re here, so you’re most likely in the market to lease a car in Baltimore. We can assist you with that, but first let’s look at how buying and leasing cars differ. We want to ensure that you’re fully satisfied with any decision you make. The Zooomr team believes that it’s important to know what to expect before you sign a car lease deal.
Who Owns the Car?
If you buy a car, whether you pay cash or get a loan, you own the car right away. With a loan, you’ll need to pay every month to avoid repossession. When you lease a car, the lessor is still the owner, which is why you’re getting lower monthly payments.
Baltimore Car Lease Deal
Difference in Front-End Costs
If you finance a car, you’ll need to put down an upfront payment, and you can do this with cash, equity on a trade-in vehicle, or both. How much will this payment be? That depends on the lender’s requirements and your credit score.
Leasing is simpler and less expensive. When you sign the Baltimore car lease, you pay a security deposit, the first month’s payment, an acquisition fee, and any fees or taxes. You can also put down money upfront if you’d like lower monthly payments.
Car Value Over the Years to Come
When you buy a car, you need to consider its future value. Once you decide to sell it, there are several factors that will determine how much you can get for it. These include the make and model, your upkeep of the car, and most importantly, how much buyers are willing to pay. With a lease, you don’t need to consider how much the car will be worth in the future, because as soon as your lease is up, you’ll return the car and get a new one.
If you finance a car, once you pay off that loan you’ll receive the full title, which means the car is completely yours. You don’t need to ask anyone’s permission to do anything with the car or sell it.
After you finish paying your lease, you return the car and can start the leasing process over. If your lease contract includes a purchase clause, you can choose to purchase the car at the end of the lease, if that’s what you want to do.