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Are you a recent EV buyer (past 3 months) as a result of manufacturer incentives and dealer discounts on these vehicles, including year-end deals? Were you convinced to buy an EV after finding a good end-of-year deal, or due to uncertainty around which EVs will no longer qualify for full/partial EV tax credits in 2024? A national business reporter is interested in speaking with you. Please reach out to [email protected] by 12/15 if interested in sharing your story.
OR
Are you a recent EV buyer (past 3 months) as a result of manufacturer incentives and dealer discounts on these vehicles, including year-end deals? Were you convinced to buy an EV after finding a good end-of-year deal, or due to uncertainty around which EVs will no longer qualify for full/partial EV tax credits in 2024? A national business reporter is interested in speaking with you. Please reach out to [email protected] by 12/15 if interested in sharing your story.
One Pay Option
aawaara2
Member Posts: 2
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
Is the same true for one payment option.
Thanks
-Newbe
0
Best Answer
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kyfdx
Moderator Posts: 228,434
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.Edmunds Price Checker
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