This week I was seated next to an individual on a plane who's leased car had just been totaled. He said his credit was a little shaky so the dealer told him they needed $5700 up front to get his lease done. To get his hands on a 3 series BMW he plunked the money down and was rewarded a lower lease payment.
All works out the same in the end right? WRONG, the car got totaled and the lien holder got all the money from the insurance company and he's out $5700 bucks. All of the money on an insurance policy he was paying the premiums on. I had never really thought about it as an owner, but it makes me think NO MONEY DOWN is the way to go if you do lease.