One Pay Option

aawaara2

I know I should never do down payment on a leased car. If the car is totaled or stolen, I will lose all my money.

Is the same true for one payment option.

Thanks
-Newbe

kyfdx

A single pay lease is structured just like a regular lease, but with a lower money factor (in exchange for all of the payments being made upfront). If the lease ends early because of a total loss, it is assumed the payments were being made as a normal lease, and the single pay amount is pro-rated and the remaining "payments" are returned to the lessee.

aawaara2

Thank you kyfdx.