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Did I make a mistake with this lease?

Shawn Ryder

Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalized cost reduction.” Evaluate Market Value Research the current trade-in value of your leased vehicle. Exceeding this limit may result in significant penalties.

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Can I adjust the down payment on a lease?

Shawn Ryder

However, the down payment, also referred to as a capitalized cost reduction, is the initial amount you pay upfront to lower your monthly payments. Research Lease Offers Understanding current leasing conditions and market offers will give you leverage in negotiations. Can You Adjust the Down Payment on a Lease?

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Can I lease a new Honda Civic Sport without a sign-on?

Shawn Ryder

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). This fee can reduce the monthly payments but is not always necessary. What is a Sign-On Fee?

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Navigating Zero Down Car Leases

Your Car Buying Advocate

If the actual market value is higher than the residual value, it might be a good deal. Types of Zero-Down Car Leases Zero down leases come in various forms, including: No Capitalized Cost Reduction Zero-Down Lease: Eliminates the down payment but requires payment of fees and the first month’s installment at signing.