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      11-11-2018, 12:18 PM   #60
TucErDoc
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Drives: x5 ans m2
Join Date: Jun 2016
Location: Tucson, AZ

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Quote:
Originally Posted by Penguino View Post
Please DO NOT put $15k down on a lease. If the vehicle is totaled you'll loose that.

As a rule of thumb you want to be around 1-1.15% of your MSRP for your monthly lease payment. So a $75k MSRP should be $750 + tax a month for example with only inceptions. This all varies on current promotions and rates etc but gives you an idea.

Walk away from that dealer. That $15k should lower your payments about $400/month.
Is it a horrible idea to put a little down cash down up front to lower the monthly payment. I was thinking of putting a few thousand down to get some points on my AMEX (the are doing a promotion, if you spend X amount of dollars, you get an extra bolus of points). It's not money lost is it? if the car is not totaled, you're not actually losing money, are you? Plus, you're saving interest on that amount that you put down to lower cap cost, correct?
Appreciate 0