Lease an SLT for <600/mth

[humer101]

If you can get that then I would. I'm paying $550 a month with $8500 down. I have a fully loaded SLT msrp was around 65k

Agree is only 100 to 150 more per month but you will have all must all extras.

 

[PokerMunkee]

Nope. You lose your down payment if your car is totaled. GAP will payout what is owed to the bank and your $8,500 is gone.

 

[twhitechurch]

Hope I don't crash then!

 

[humer101]

Nope. You lose your down payment if your car is totaled. GAP will payout what is owed to the bank and your $8,500 is gone.

well is part of the life we invest in the car but if a drunk guy rear end you or kill you those 8,500 gone anyway, well i think if people think that way will stay in home and not drive.

 

[1fastfamilycar]

Nope. You lose your down payment if your car is totaled. GAP will payout what is owed to the bank and your $8,500 is gone.

You can insure your down payment on a lease so that you get the full amount of the down payment back for a very nominal charge....

 

[b4z]

I lease a lot of cars. I have no problem putting money down to get a payment that allows me to buy a house for a flip or for a rental. For every $1k you put down it lowers the payment $27-30 per month. Also when you put more down you are paying less interest. I leased a 2014 srx in January and the interest is only 1.51%, so it was less of an issue on this particular deal.

 

[shundal]

Also check to see if they allow you to make multiple security deposits. Thats a good way of lowering your lease payment without cap cost reduction. Every extra security deposit you make will reduce your money factor. At the end of the lease you get all the security deposit back.

 

[PokerMunkee]

If you want a lower rate, you use MSD's. That's not going towards cap cost reduction, which is a waste of money.

 

[Scott_in_FL]

Less than $600 should be doable. Remember that it is the delta between msrp and negotiated price where the magic happens.

 

[AngeloUCF]

Thanks Scott. Yeah I'm hoping I can bring them down about 10%