Delivrd
Region: US
Thursday 01 August 2024 18:45:07 GMT
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Duber Reyes :
So you don’t have to put any money down when leasing ?
2024-08-01 19:08:26
16
Guitarchris430 :
Totally agreed . I Never put money down on a lease
2024-08-01 19:22:21
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vegasturoking :
100% agree.
2024-08-02 01:47:10
0
Jorge :
So when it says $3999 due at signing, is that considered cash down?
2024-08-03 16:55:00
7
Angela Palladino :
Just leased and put zero down 😁
2024-08-01 20:34:34
21
Justin Curry :
Most people that lease with brands like Honda have positive equity at the end of their lease that they use on a down payment towards the next lease so their payment doesn’t go up.
2024-08-01 23:20:06
4
dudeman20123 :
But if a person has the cash now and needs to manage their cash flow in the future, this might make a ton of sense.
2024-08-01 19:33:34
1
Alan in Colorado :
Insurance pays the value of the vehicle, right? When that value is more than the residual (amount owed ti lesssor), where does the excess go - to the lessee, insurance company or lessor?
2024-08-01 20:25:40
7
You2SportsCards :
Mostly right- I agree not putting money down on a lease but since your net cap is less the interest would be less- however, everything else just about right
2024-08-02 00:32:32
2
ThatGuyZach :
In a lease you do get the equity (if there is any) even if you total it.. most of the time when you purchase a new vehicle it depreciates so quickly that you never have equity unless you put 10k+ down
2024-08-01 21:58:41
4
Fashionable :
Cash down on a lease isn’t the end of the world, some people would rather pay a little more up front and have a lower payment. Most manufacturers will pro rate the cash back if the car is totaled too
2024-08-01 18:57:55
1
HeartDoc :
While I agree you should NEVEr put money down on a lease for reasons you explained. Putting money down up front does save you some money on interest aka Money Factor. Still not worth it but yeah.
2024-08-02 01:17:26
6
BenzsandBowties :
You nailed it.. the BIGGEST reason not to do it is the total loss possibility. I’ve seen it too many times. It’s not worth the risk!!
2024-08-01 19:29:48
67
NC Southern :
I’m so glad I saw this video because I was really considering putting a lot of cash down on a lease
2024-08-03 14:37:39
12
Zack :
Is there a benefit for putting cash down when it lowers your residual value if you plan on buying it out at the end of the lease?
2024-08-01 20:43:31
6
Zach Morgan :
If you did have $10K to put down, you could instead put it into a high yield savings account and earn interest that whole time. Over that 36 months you’d earn well over $1K in interest.
2024-08-01 21:24:26
49
Dw503 :
Is Gap coverage not needed for leases?
2024-08-01 20:08:53
0
Dustin :
So is GAP a waste of money on a lease?
2024-08-01 19:03:07
1
Dayton Michael Shupak :
I've come to find a lot of "experts" are very good at telling consumers what they want to hear and not the truth
2024-08-01 18:57:40
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WCOC :
You should do a video on MSD they can be a great way to lower your payments.
2024-08-01 19:43:08
10
bobcat83777 :
Agreed it’s not smart to put a large down on a lease but you don’t simply walk away if the car is totaled. You may have equity but likely won’t recoup the down payment. 1/2
2024-08-01 20:41:29
6
maplestill :
Invest that money and let it work for you over the lease term or you could put it in an online bank like Ally, make 4-5% and still have access to it to offset payment if you want. Anything but DP!
2024-08-01 20:40:49
6
NACEM :
If your leasing a car and putting money down to lower your payment put no more than 2k down
2024-08-01 19:24:55
1
Timmy B :
Keep your down payment in the bank and earn a little interest too. Use pieces of what you put aside to supplement your monthly lease payments.
2024-08-01 19:43:23
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