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Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalizedcostreduction.” Lack of Clarity on Other Costs: Ensure you clearly understand the associated fees like acquisition, disposition, and potential end-of-lease charges.
However, the down payment, also referred to as a capitalizedcostreduction, 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?
Key Terms to Understand for Zero Down Car Leases Two critical terms associated with leasing are: CapitalizedCost: This refers to the negotiated price of the leased vehicle. If the actual market value is higher than the residual value, it might be a good deal. Can I negotiate the terms of a lease?
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). This fee can reduce the monthly payments but is not always necessary. What is a Sign-On Fee?
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