View Single Post
      12-25-2010, 10:53 PM   #22
adrianBMW99
Beautiful Masterpiece on Wheels
 
adrianBMW99's Avatar
 
Drives: BMW 335i (Single turbo FTW)
Join Date: Aug 2010
Location: USA

Posts: 260
iTrader: (0)

Quote:
Originally Posted by 335iMIAMI View Post
Shouldn't ever give money down on a lease. My uncle has worked for several high-end dealerships , and always says it's money in the trash.
Not entirely true. In most cases yes; but not in all. One reason is putting money down on a lease is money that is always lost forever. If you wreck the vehicle, you are not getting a single dollar back of that down payment. If you spread the down payment money over the term of the lease, then you would have consumed that amount proportionally over the months that you had the vehicle before you wrecked it. A general rule that I follow is to never put down over 2-3K for a lease just to stay on the safe side. That amount should reduce your payment by about 100 bucks which in my case was very favorable. Different approaches for different people...
adrianBMW99 is offline   United_States
0
Reply With Quote