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Typically, when leasing, you’ll come across various requirements including credit checks, proof of income, and possibly a sign-on fee (often referred to as a down payment or capitalizedcostreduction). A sign-on fee is an upfront cost that some dealerships and leasing companies request when you sign your lease agreement.
Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalizedcostreduction.” Many dealerships are willing to work with customers, especially if you express your willingness to continue leasing or purchasing another vehicle from them.
However, the down payment, also referred to as a capitalizedcostreduction, is the initial amount you pay upfront to lower your monthly payments. You can explore more about innovative payment options on our [Flexible Payment Options for Customers]([link] page. Can You Adjust the Down Payment on a Lease?
Types of Zero-Down Car Leases Zero down leases come in various forms, including: No CapitalizedCostReduction Zero-Down Lease: Eliminates the down payment but requires payment of fees and the first month’s installment at signing. Dealerships are often willing to work with informed and engaged customers.
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