How do I get the best deal on a lease if I have plenty of cash?

[Anonymous]

I have always bought cars with cash but for a variety of reasons I'm about to do a lease - I think all I care about is the total cost right? Should I just pre-pay the whole thing? Or just put down a lot?

I don't really want to try to do the math on the "what if I kept the money and invested it" stuff but I guess it makes no sense at all to skip any 0% offers?

[Anonymous]

Don’t put anything down on a lease. It doesn’t help you at all and just makes the monthly payment lower, but your overall cost is basically the same. If you total the car driving off the lot, you’re screwed.

[Anonymous]

Anonymous wrote:Don’t put anything down on a lease. It doesn’t help you at all and just makes the monthly payment lower, but your overall cost is basically the same. If you total the car driving off the lot, you’re screwed.

Okay, do I have to balance that against additional interest?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don’t put anything down on a lease. It doesn’t help you at all and just makes the monthly payment lower, but your overall cost is basically the same. If you total the car driving off the lot, you’re screwed.

Okay, do I have to balance that against additional interest?

Easy to calculate:

https://leasehackr.com/calculator

If you put down $20k and then the car gets stolen and not recovered your $20k is gone. Up to you as to whether that's worth the marginal interest savings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t put anything down on a lease. It doesn’t help you at all and just makes the monthly payment lower, but your overall cost is basically the same. If you total the car driving off the lot, you’re screwed.

Okay, do I have to balance that against additional interest?

Easy to calculate:

https://leasehackr.com/calculator

If you put down $20k and then the car gets stolen and not recovered your $20k is gone. Up to you as to whether that's worth the marginal interest savings.

Ooo, that is a great tool, thank you so much.