Cash Down on a Lease .. What’s TOO MUCH?

SdĂ­let
VloĆŸit
  • čas pƙidĂĄn 12. 03. 2019
  • (Skip to 4:35 for the quick answer) People constantly ask me what amount is required to lease a car, and what you ACTUALLY need to put down when leasing. To be honest, even the amount that is required can often be capitalized or rolled into your lease payment making it a zero down lease.
    In this video, I go over what I would suggest you put down when leasing a car, and typically, I wouldn't suggest putting more than 5% of the MSRP of the car as the amount.
    🙏PLEASE CONSIDER SUBSCRIBING :)
    🗞 bit.ly/2VkesnD
    ------------------------------------------
    ☎ Click the link below to book a 1 on 1 Coaching Call with Ari:
    📆 goo.gl/eBzbyA
    ------------------------------------------
    For more information, or for help negotiating your next new car purchase or lease please visit online:
    bostonautomotiveconsulting.co...
    -----
    All The Gear I Use....
    ----------
    *DISCLAIMER:* This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission at no additional cost to you. This helps support the channel and allows me to continue to make videos like this.
    STUDIO
    ----
    Big Boy Camera : amzn.to/2NXH7ME
    FAV LENS EVER! : amzn.to/2VTxf9F
    Office Microphone : amzn.to/2UuhcyJ
    Ring Light : amzn.to/2AHOtP1
    Cool Green Background LED Lights: amzn.to/2XThqS3
    Portable Green Screen : amzn.to/2VHxiWC
    Toolbox Mini-Fridge : amzn.to/2RCusmR

Komentáƙe • 183

  • @shantjanesian9347
    @shantjanesian9347 Pƙed 5 lety +11

    Your the best! great info

  • @Tampa0123456789
    @Tampa0123456789 Pƙed 5 lety +28

    This is why I don't put down payments on anything. I rather pay just a bit more and keep access to my money. Use the down payment to supplement your payments if that situation arises.

  • @SpeakmanDavid
    @SpeakmanDavid Pƙed 5 lety +8

    In my opinion, what confuses people is the word "down". So that 5% (just to use your number), is not a 'down payment'. It is, as you said, your 1st month's payment, as well as an acquisition fee, doc fee and reg. fee. So that has nothing to do with a 'down payment' as most people tend to think. Just me, but I prefer to say 'out of pocket' (or something like that). There are some leases that require no money at all "out of pocket". But, essentially, you're rolling that money in to the lease payment. But, conversely, you can have a 'no money down' lease and still have money due at signing.

  • @Miguel-diazzzz
    @Miguel-diazzzz Pƙed 5 lety +23

    100 percent using ur business for my next lease !

  • @fp5495
    @fp5495 Pƙed rokem

    This is advice, albeit dated by no fault of the poster, is absolutely and purely based on whether you total your car and the insurance company agrees that it's unrepairable. That's it.

  • @angelackerman7865
    @angelackerman7865 Pƙed 3 lety +2

    I’m sick to my stomach. I put down 5k on my lease. Never again

  • @jhonatangomero1058
    @jhonatangomero1058 Pƙed 4 lety +12

    Man thanks for the info just a little feedback .. get to the point right away đŸ‘đŸ» for future reference

  • @1xraydoc
    @1xraydoc Pƙed 5 lety

    When you introduce yourself... You shouldn't say you're running a car "buying" service... because I suspect a lot of people lease and in that case your not buying s*** you are rentinh but I still love your channel!

  • @Zedties
    @Zedties Pƙed 5 lety +5

    Ari not only giving us ideal lease deals, but also teaching us math with all these decimal multiplication 😂

  • @tedsimpson3799
    @tedsimpson3799 Pƙed 5 lety +2

    U the best Ari please keep it up

  • @ocwaveoc69
    @ocwaveoc69 Pƙed 3 lety +5

    Good info. However, if the dealer says No and tells you they need 5% down plus acquisition fee, what should I tell them? It ends up being extra $1500. I feel like I should give him a reason to counter him. Thanks.

  • @unstxr
    @unstxr Pƙed 5 lety

    These people are nuts then. I live indiana and they want $2,400 on a 2019 Honda Civic EX which MSRP is $24,320. Good to know I did not make that decision. You’ve been helping so much with my car leasing decisions

  • @kilim5583
    @kilim5583 Pƙed 3 lety

    I have a trade that is worth $8,000. I will put no money down, but apply the trade equity ($8k) which lowers my monthly payment. If I don't apply the trade, my payments will be sky high.

  • @AlosDiallo
    @AlosDiallo Pƙed 5 lety +5

    This is great advice as I wasn't thinking about that at all. Thanks

  • @LearningFast
    @LearningFast Pƙed 5 lety +3

    Never put anything down on a lease. That money is just a prepayment of the lease. It is a terrible idea. You shouldn’t be telling people to do anything but pay first months payment at inception. Roll everything else into the lease. It is bad advice to tell them to do anything else.

  • @andrewpoole160
    @andrewpoole160 Pƙed 3 lety

    Wish you quick and full recovery. You are awesome. You have helped me and my friends. Thanks so much

  • @gmw143
    @gmw143 Pƙed 3 lety

    It when I use this formula the monthly price of the lease is always too high. So I put down additional money to get my payments where I am comfortable

  • @SHOTAMAN77
    @SHOTAMAN77 Pƙed 4 lety +3

    But what if your credit is top tier? In my case BMW said I had to put down the full 5000 plus first month payment.

  • @teddyC8
    @teddyC8 Pƙed 5 lety +4

    Great advice and I agree 100%. I guess it’s same if car is stolen and not recovered or totaled . PS: I was getting withdrawals waiting for another video :)

  • @albarr300
    @albarr300 Pƙed 5 lety +1

    Thank you for the great info. You said this rule can be applied to any car for example a G wagon or a Ferrari