Why you should never put money down on a lease?
Many people believe that car leases demand down payments, but this is not the case. In fact, we advise against making any kind of down payment when Auto leasing . There are various reasons for this, the most important of which is that if your vehicle is stolen or totalled within the first few months of your lease, you could lose the money you put down. In the event that a car is stolen or totalled, insurance companies reimburse the real market value of the vehicle. Your down payment is not totally covered even if you have GAP insurance. Imagine putting down $3,000 on a car you don't own, then having it stolen and losing that money! That's a massive hit, yet it's not as unusual as you may believe. Another reason to avoid putting any money down when Car Leasing is that you will have to pay taxes on it in most states. (If you roll it into your monthly payment, you'll still have to pay taxes, but it'll be paid off over time.) Low upfront fees and low monthly paymen...