Shawn Ryder

JANUARY 18, 2025

However, the down payment, also referred to as a capitalized cost reduction, is the initial amount you pay upfront to lower your monthly payments. Keep an eye on seasonal offers, trade-in deals, or manufacturer incentives that may result in reduced required down payments. Can You Adjust the Down Payment on a Lease?

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Shawn Ryder

JANUARY 18, 2025

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 capitalized cost reduction). A sign-on fee is an upfront cost that some dealerships and leasing companies request when you sign your lease agreement.

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Your Car Buying Advocate

DECEMBER 5, 2023

Reduced Repair Costs: Lease agreements often coincide with manufacturer warranties, mitigating the need for extensive repair expenses. No Down Payment, Manufacturer’s First Payment: Honda and Acura may pay the first month’s payment, so you can have a zero down payment with only initial fees.

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