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      11-11-2018, 04:53 PM   #61
Penguino
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Quote:
Originally Posted by TucErDoc View Post
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?
Is not money lost, but if the car is in a crash and totaled you loose it. It's better to put MSD (multiple security deposits) as this lowers your effective rate and you get it fully back once the lease terminated either by maturing or in the event of an accident etc.
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