Leasing (lease, insurance, credit, best)

[attrapereves]

I've been thinking of leasing a car for my wife. She doesn't drive a lot, but likes to get a new car every few years.

Leasing seems like a good option, however, most leases I'm seeing online ask for $2000+ down.

Are you able to sign on a lease without having to put anything down? If I'm going to put money down, I'd rather just buy...

[pknopp]

You can. They generally list the money down as a way to bring the payment down for a nice advertised payment.

In the add $199 month (and in small letters $2000 down) looks better than $224 a month (or whatever it ends up being).

[Lowexpectations]

Originally Posted by attrapereves

I've been thinking of leasing a car for my wife. She doesn't drive a lot, but likes to get a new car every few years.

Leasing seems like a good option, however, most leases I'm seeing online ask for $2000+ down.

Are you able to sign on a lease without having to put anything down? If I'm going to put money down, I'd rather just buy...

The money down shouldn't really impact the lease vs buy decision

[HappyRider]

Save yourself a lot of time and read a zillion posts on leasing here. Very predictable. a) buy used and run it to the ground while you are “saving” for that new car , b) lease every 3 years.

[movingtrustates]

There is no requirement to put money down.
its up to you. if you put money down you dont lose it. your monthly payments will be lower.

[attrapereves]

Originally Posted by HappyRider

Save yourself a lot of time and read a zillion posts on leasing here. Very predictable. a) buy used and run it to the ground while you are “saving” for that new car , b) lease every 3 years.

I usually buy used cars for myself. I'm currently working on running a 2005 Toyota to the ground. Probably won't happen for a while.

However, I do like to have a newer car for my wife to drive and to take on occasional trips. That's why I think leasing may be the best option.

[ncole1]

Originally Posted by attrapereves

I've been thinking of leasing a car for my wife. She doesn't drive a lot, but likes to get a new car every few years.

Leasing seems like a good option, however, most leases I'm seeing online ask for $2000+ down.

Are you able to sign on a lease without having to put anything down? If I'm going to put money down, I'd rather just buy...

If you have good credit. Look around.

[stan4]

You can roll everything into the lease payment.

[HappyRider]

If you are not particular about the car every once in a while you get these 0/0/0 “sign and drive” deals. They can’t be beat. Ford had it not long ago.

[mangoarrow]

$0 down does not mean no money is required upfront. You will still need to pay 1st month payment, bank fee, registration & license fee and any security deposit upfront.

Leasing also requires higher insurance limit and GAP insurance.

If you truly want a $0 upfront lease, head to Swapalease.com.