Quote:
Originally Posted by saeyedoc
Yikes, why would anyone put $6k down on a lease? If you total your car driving off the lot, it's a complete loss. Never put money down if you can avoid it.
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A couple reasons why, if it is a smart decision or not is something different entirely:
1. Trade-in vehicle on the lease
2. Makes for very low monthly payments. For someone who cannot afford/does not want the $300-500/month car payments, or do not wish to have those payments, this is a reasonable option to own a car you could otherwise not afford. By saving up an initial payment you can get the car sooner, and at a lower cost.
And it is not a complete loss, you typically need full insurance coverage on a leased car no? I suspect the insurance payout would be enough to get another car.