How do you feel about putting money down on a lease? I’m looking at a car with $48k MSRP and plan on leasing and have always avoided putting money down on a lease. I have a friend that just got a lease of the same car and paid $5k up front but are paying by $400-450/m. I’m seeing on Edmunds that people are paying closer to $600/m with $2500 down. Any thoughts or opinions?

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A key point of a lease is to not put anything down.

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Don’t put money down on lease. Go on leasehackr to get current rates. Use a broker. Money down can be lost in a total.

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Putting money up front for a lease is never a good idea. Although it does seem like a good option these days since monthly payments are super high. But in the long run (e.g 3 year lease) is not worth it.

Try and explore manufacturer security deposits - you can effectively buy down the money factor but you get the money back at the end.

Hard no. Some OEMs still offer an option to put down multiple security deposits as a way of buying down the MF, but it’s fairly rare nowadays and not every state offers it (in NJ, eg, it was up to 8x the lease payment). That’s the best option for buying down your monthly payment.

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