General lease questions

stratplayastratplaya Member Posts: 5
edited December 2016 in General
Hello,
I'm news to this forum and new to leasing. I've never leased before so I'm a bit confused as to the some of the details. I've searched through the leasing related forums and they are organized by make and model but my questions are general and would probably apply to the majority of leases.

That said, my first question is the claim of "$0 due at signing". The dealer claims $0 down, $0 first month payment, etc. Sometimes even reading the find print doesn't reveal the true terms. For such types of deals what are the "hidden costs" associated with these deals?

My second question is the MSRP and the advertised monthly payment. For example, a new car lease is advertised with a monthly payment of $400 with $3,000 down, based on on MSRP of $40,000. When you buy a car the actual price paid is much less than the MSRP. Is the MSRP negotiable in the above example which would result in a lower monthly payment?

Thanks

Comments

  • stratplayastratplaya Member Posts: 5
    The board forced me to post to a specific make so I chose Nissan, but my questions aren't specific to Nissan.
    Weird that you have to choose a make.
  • steverstever Guest Posts: 52,454
    There's a general topic selection so I edited your post to revert to that topic.
  • kyfdxkyfdx Moderator Posts: 207,735
    Advertisements aren't offers. You can almost always bet there is a lot of fine print. In that way, it's no different than an ad for a purchase.

    When you lease a car, you negotiate the selling price, just like you would a purchase.

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