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How to put up payment lease

4.9 out of 5

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whats up guys so if youre trying to figure out how to get the lowest lease payment on a car that you or a loved one is thinking about getting this is the only video youll ever have to watch i promise you that in todays video im going to show you exactly step by step what to do to negotiate the lowest lease payment and its actually really straightforward once you understand the numbers you need to research in order to have the highest negotiating leverage when you visit these car dealerships now i do want to preface that you will need to put your detective hat on so make sure to put that on because getting the lowest lease payment will actually require a little bit of legwork from you in terms of research but trust me guys just an hour of research plus referencing this video will equip you with so much knowledge that oftentimes youll walk into a car dealership and youll know more than the car salesman himself using todays method i was able to save over 2 200 on a lease for my

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is putting money down on a lease a good idea?

If you arent required to make a down payment on a lease, you generally shouldnt. The No. 1 thing to keep in mind is that putting money down on a lease doesnt lower the overall cost to save you money in the long run as it does with a car loan.

Is it a good idea to extend a car lease?

Lease Extension Cons There might be extension fees. Many lenders do not reset the residual value in the contract even though the vehicle is continuing to depreciate. If you end up buying the vehicle, it wont be as good a deal later as you would be getting now, and the extra lease payments are wasting money.

How can I pay my lease off faster?

Lowering Your Monthly Lease Payment If you want a smaller monthly lease payment, you can pay ahead by making a down payment. In auto loans, down payments lower the total amount youre financing and lower your interest charges, which saves you cash.

Can you right off lease payments?

You may deduct the cost of monthly lease payments by using the actual expense deduction on your federal tax returns. The specific amount of the lease payment deduction allowed depends on how much you drive the car exclusively for business.

Can lease payments be made in advance?

You can pay ahead on a lease, but youre not saving any money just paying it ahead of time. To fully explain why down payments or pre-payments on leases wont save you cash, lets go over when paying ahead of time is a good idea.

Can you make extra payments on a lease?

Yes, you can make extra payments on a car lease. Many leasing companies encourage lessees to do so. There are two reasons for this: Making extra payments can help reduce the amount of interest you pay over the life of the lease.

Do lease payments affect credit score?

Lease payments are reported to the major credit bureaus the same way finance payments are. On-time bill payments are one of the strongest factors influencing your credit score, so keeping up with your lease payments should have a positive effect.

Is it smart to pay off a car lease early?

In the early part of the lease, the amount you pay for depreciation does not fully cover the amount the vehicle actually depreciates. So if you end the lease early, there will usually be a shortfall.

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