One Pay Option

aawaara2aawaara2 Member Posts: 2
edited August 2016 in Mercedes-Benz
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
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Best Answer

  • kyfdxkyfdx Moderator Posts: 207,899
    Answer ✓
    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.

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