Why you should never put money down on a lease?

Is putting money down on a lease a good idea?

Putting money down on a car lease isn't typically required unless you have bad credit. If you aren't required to make a down payment on a lease, you generally shouldn't. Whether you make a down payment or not, the overall amount you pay doesn't change. However, putting money down does reduce your monthly payment.

What does a down payment on a lease go towards?

What Happens to the Down Payment on a Leased Car? The interest on a lease car is part of the payment, and isn't simple interest like an auto loan. This means a down payment isn't going to lower the overall cost of the lease, instead it's a capitalized cost or "cap cost" reduction.19 Nov 2018

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