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Old 09-30-2009, 08:32 PM
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Quote:
Originally Posted by HIRISC View Post
Not one $ down.

Down payments (or what is called cap cost reduction) on leases are a bad idea - for insurance payout reasons. Some people put money down to keep their payment down - or because it's required by the manufacturer.

I paid Acquisition Fee, Doc. Licensing, First Payment, and Tax up front - About $7500. In MN, tax on the leased amount is payable up front

You can use the lease calculator to enter - MSRP, cap cost (negotiated 'buy price'), money factor, residual value and lease duration.

It's just a simple math problem.
Ouch on the tax upfront..

So that price is not including monthly tax?
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