Wow, I never knew...the car I'm in now was paid for by myself at 16, so I've never had a car payment and never have leased before. I was thinking about putting the money down up-front just to lower the payments, but it looks like that might not me the smartest thing to do!
My only issue is, I'm not sure if I'll be able to keep that "down payment" in the checking account untouched.
I did negotiate the price before ever talking about leasing, so I have to assume the dealer was thinking I was going to buy it outright or finance it. I know it's the same amount of money in the end...I just have a hard time paying $535/month when I can get the payments down to $320/month. Like I said, I know I'll be paying the same, I think it's just psychological.
What are you guys "normally" putting down for leases? My OTD will be ~$39k. I'm looking at a 2yr because of the 2017 re-design, and unfortunately, have to have the 15k miles/yr.
I'm suppose to be ordering it Thursday...anyone have a link to some info for me before I screw myself?