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Question about Amount Due at Signing for Lease

andyncarandyncar Member Posts: 5
edited June 2018 in Honda
I'm new to the US and would like to know how an amount due at signing is used in leasing. For example, saying I put $3,000 as an amount due. Except some tax, DMV then the remaining would be still $2,000. Is that refundable after my lease ends. If not, how is this amount used? How much of an amount should I put?


Your advice would be greatly appreciated.
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    Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    THIS TUTORIAL might answer your questions.
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    kyfdxkyfdx Moderator Posts: 243,893
    andyncar said:

    I'm new to the US and would like to know how an amount due at signing is used in leasing. For example, saying I put $3,000 as an amount due. Except some tax, DMV then the remaining would be still $2,000. Is that refundable after my lease ends. If not, how is this amount used? How much of an amount should I put?


    Your advice would be greatly appreciated.

    1st payment
    Acquisition fee
    DMV fees

    Then, the balance is used as a CAP cost reduction. This lowers the adjusted CAP cost, and the payment. It's basically pre-paying part of the lease. Nothing is refunded, as it's applied towards costs.

    Ideally, just pay first payment and DMV fees upfront.

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