Quote:
Originally Posted by Quentin
Just curious what would possess you to put $8k down on a lease? Everything I've read is that you should put the minimum amount down on a lease so that this sort of thing doesn't bite you.
That said, the car didn't depreciate $8000 + however much you made in payments since you signed the dotted line, so you should be able to argue that Toyota is only owed the total cost of the car ($27k... $8k of which you've paid) rather than your down payment plus the insurance payout. If the insurance pays out $24k for the car, Toyota should get $19k and you should get the delta of $5k.
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You can put things like security deposit which will help lower your interest rate and you get the $ back at the end of the lease. Depends on personal preference and what you feel you can get out of your $.