[Shaw]

Folks,
This is probably the dumbest question you've ever read here , but since I've NEVER leased a car before I wanted to ask and I think I will get the quickest answer here:
Does the Down Payment (or Deposit I assume) of a lease still belong to the driver or that money is gone for good?
Meaning, will we get the down payment back after the end of the term?
Go easy...

[Shaw]

I found a good article: so I will keep this question open incase someone else was as "brilliant" as me...
http://www.ehow.com/info_7907036_hap...ease-auto.html

[fdagen]

You have a better chance at getting that money back if you give it to me, and then ask me for it at the end of your lease. =0) They keep it.

[Alfisti]

Never, EVER put money down on a lease. makes absolutely zero sense.

[Shaw]

Originally Posted by fdagen

You have a better chance at getting that money back if you give it to me, and then ask me for it at the end of your lease. =0) They keep it.

[Nkc]

I love putting down on a lease. I'll go almost 100% down and just drop the car and keys off in 3 years and do it all over again, with interest of course. I love em interest.

[Alfisti]

It's one of the all time great cons. "Only $500 a month" .. well no, if i put down $3k my actual monthly is now $625 a month over the lease term except i have paid you up front.

Madness. utter madness.

[melloww22]

Yes if you do put money down (in your bank) make sure you only do so after your monthly payment has been agreed to. Lol

Example:

Monthly payment of $430 for 36 months.
Then you can put down your $5000 in your bank account and pay from this...

Never give it to the dealer