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If your leased car is totaled, the insurance company pays the leasing company, not you. Your contact is then cancelled. You don't get anything back, even with a down payment.
You can't be upside down on a lease in the case of an accident. You have gap coverage for that, I believe it's mandatory and included in most states.
If you want a lower payment, put the money you were going to use for the down payment in an account and use it to make part of your monthly payment.
Leasing can make sense if you want a new car every 2-3 years and your mileage is predictable.
If you know you're going to buy at the end of the lease, you're generally better off buying and financing.
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