topic Re: Lease in Auto Loans

Lease

TedStryker — Mon, 26 Jun 2023 02:15:26 GMT

Looking at leasing a 2023 Yukon Denali. My trade has 15k in equity in it. Is it a good idea to use all of the equity for a cap reduction on the lease?

Re: Lease

CreditCuriosity — Mon, 26 Jun 2023 04:07:43 GMT

Been along time since done a lease. What I remember is look at money factor and residual as those are two most important things to figure things out. I believe golden rule is also to put as little down as possible maybe just first month payment. Some others with more recent lease experience can guide you better. Money factor is through GMC in your case and set for a given month if not mistaken

Re: Lease

sccredit — Mon, 26 Jun 2023 15:19:15 GMT

NOOOOOOO! On a lease you put down the absolute minimum. My preference is normally first month only.