exactly. Say you put $10,000 down to lower your lease payments to $150/mo (hypothetical).

The next week, you total the car? Guess how much you would get?

ZERO.

 

gap insurance

u dont get ZERO

they will cut you a check

dont advice people without knowing what you are talking about

 

Also, if you go in at the end of the month and negotiate with the dealer, you can beat this lease special.

The special works out to around $6000 driveout and 299 per month once you add TTL. You can go much lower than that if you negotiate.

I just leased mine a week ago.

 

They cut a check to the finance company for the payout of the loan, regardless of whether or not said payout exceeds the value of the car; that's GAP insurance. You still don't get anything out of it and are completely out of pocket the money you put down even though you may have wrecked the car after 2 months of ownership. For that reason, putting money down on a rental is a poor idea.

 

in NCal the OTD if un-negotiated is @ 4.3K + $299/ MO. I did $3k OTD including 1st mo etc, all else the same as the advertised lease.

 

That would be nice if they reimbursed you for your CapCost reduction if your car was wrecked or stolen, but alas they don't.

Kumar75150, you should really learn more about how leasing works. Here is a good website to check out.

LeaseGuide

If you have already leased, you can plug your numbers into the lease evalutator and see if they bent you over or not.

 

yep, leasing = renting.....why would you ever want to put money down when renting something???

 

only thing you should pay at signoff is the first month's payment plus the other fees like DMV registration

 

[QUOTE=Ludedude,Aug 8 2005, 02:29 PM] They cut a check to the finance company for the payout of the loan, regardless of whether or not said payout exceeds the value of the car; that's GAP insurance.

 

so your rent will be lower

duh