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Quote:

Originally Posted by mid_life_crisis (Post 1315634)

He's from Montreal. English is his second language.

Gotcha.:party0030:

Mature? pshh i still powerslide/drift in the streets. I also only have 1 speeding tickets, and some fix it tickets.

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Also, you put $5k down on a ~$28-30k lease? Why would you do that?

Wait, what's wrong with this?

Quote:

Originally Posted by trevorovert (Post 1318368)

Wait, what's wrong with this?

Mainly because of this

Quote:

When leasing the vehicle, the down payment is usually called a Cap Cost Reduction. Many times, customers will put down a fairly substantial amount of money in order to lower their monthly payments. While making the down payment will certainly reduce your monthly payments somewhat, you should consider this: you could get into a serious accident in the first few months of the lease, and the car may be totaled. If something like this happens, your down payment is completely lost. Even if you have high-quality collision insurance and gap insurance, none of your down payment will ever be refunded.

http://www.carsdirect.com/auto-loans...n-when-i-lease

Putting more down doesn't really help anything. Need to stop looking at things in terms of "my monthly payment will be x" and rather be "at the end of the lease, how much money would I have paid?". Sure you have a low monthly payment, but that's because you just gave them $5k worth of payments upfront.

Down-payment on lease. Interesting.

Sent from my SGH-I747M using Tapatalk

Maybe its just karma catching up to you, from all your past car adventures...
Just ride it out till your paid up and stop drivin like an idiot so you dont add to the bad karma.

Quote:

Originally Posted by SoCal909 (Post 1318902)

Mainly because of this
http://www.carsdirect.com/auto-loans...n-when-i-lease

Putting more down doesn't really help anything. Need to stop looking at things in terms of "my monthly payment will be x" and rather be "at the end of the lease, how much money would I have paid?". Sure you have a low monthly payment, but that's because you just gave them $5k worth of payments upfront.

Ahh okay. I'm an idiot. I missed the 'lease' part. LOL