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General lease questions
stratplaya
Member Posts: 5
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
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
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Comments
Weird that you have to choose a make.
When you lease a car, you negotiate the selling price, just like you would a purchase.
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