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View Full Version : Lease downpayment



civic_rida
10-14-2003, 11:58 PM
How much should u put down more or less?

redline
10-15-2003, 12:06 AM
depands on what you want you monthly payment to be. the more you put down the lower your monthly payements are. On average for every $1000 down it decreases your payment by $20/month.

If leasing from the dealer the buyouts are normally fixed and down payment just changes the monthly payment.

Third party leasing companies have more flexiblity to hit a monthly payment you want and will adjust buyouts and down payment to fit the bill

benyl
10-15-2003, 01:14 PM
If you are not planning to buy the car out, put 0 down. Take that downpayment and invest it, or keep it for that rainy day.

Remember, at the end of a lease, you don't get that down payment back. All you are doing is paying for part of the lease cost ahead of time. Like redline said, if you want to lower your payment, put money down, but it in no ways affects the buyout.

If you are buying a car (Financing), the bigger the down payment the better.