DUNE RAP
Well-Known Member
- Joined
- Mar 30, 2021
- Threads
- 14
- Messages
- 183
- Reaction score
- 446
- Location
- Phoenix AZ
- Vehicle(s)
- 2021 Jeep JL 2DR RUBICON
I think it’s a fair deal if he is dead set on leasing...
Sponsored
You aren't buying a brand new Rubicon through financing for $600 a month with 2K down especially in todays mark. You've got to put down a lot hence why he's going the leasing route. I don't like leases as well and that's a lot of money to be paying for what will most likely never be yours to own. If he can't afford it then look for a lower trim, something like a Jeep Willys more in his price range. Not everyone needs or can afford a Rubicon and that's ok.
Not common to have a zero down lease. Did you already have other leases you were trading it at that time or prior experience with that dealership? $504 with no down payment sounds off for a 60K MSRP and honestly unrealistic.$0 down $60k MSRP lease 15k a year mileage 48 months was $504/month with taxes.
Nope.Not common to have a zero down lease. Did you already have other leases you were trading it at that time or prior experience with that dealership? $504 with no down payment sounds off for a 60K MSRP and honestly unrealistic.
It's not advisable to put anything down on a lease, GAP doesn't pay out the customer, so you can lose the down payment if you're in an accident and it's totaled. If I do anything, it's the drive off fees.Not common to have a zero down lease. Did you already have other leases you were trading it at that time or prior experience with that dealership? $504 with no down payment sounds off for a 60K MSRP and honestly unrealistic.
If you do a true $0 lease, the one problem I see is that you get taxed on the fees as well as getting charged MF interest rate. On $2200 of fees, it would have cost me about $300 in fees and taxes. IMO if you don't have the money to pay the fees, you have no business buying or leasing a new car.It's not advisable to put anything down on a lease, GAP doesn't pay out the customer, so you can lose the down payment if you're in an accident and it's totaled. If I do anything, it's the drive off fees.
Yep, that's fair. It's a risk some are willing to take to save some in interest for sure.If you do a true $0 lease, the one problem I see is that you get taxed on the fees as well as getting charged MF interest rate. On $2200 of fees, it would have cost me about $300 in fees and taxes. IMO if you don't have the money to pay the fees, you have no business buying or leasing a new car.
It is a little bit of risk to put a down payment on lease, but it is not every day that you total a new $50K, plus as you get closer to the end of the lease the down payment becomes less of factor. For example
A $3600 down payment in a 36 month lease is 3600/36 or $100 month savings. In month 30, you would have already paid $3000 into your lease payment, so you would lose $600 if totaled in month 30. The savings on a 4% interest rate is about $220 over the lease.