Showing results for 
Search instead for 
Did you mean: 

Lease Questions

New Contributor

Lease Questions

**Please no bashing on Leasing over Loans as I have already weighed my options.


I have a few questions on leasing a vehicle.  If I put money down on the lease where does that money go?  Towards the invoice price?  Will that lower the buyout price too?  


I read somewhere some places will accept a security deposit instead of a down payment for instances where you ay total a vehicle within a lease and lose that down payment.  


The vehicle In question will not be used as a work commute vehicle so the milage will be substantially less than the maximum for the term of the lease.  Will this affect the buyout?  


If milage is lower at the end, how much will dealerships haggle the price at the end of a lease if I wanted to buyout the vehicle instead of leasing or buying a different vehicle?



04-01-2015 around 470 Credit Score
04-01-2016 EQ 582, TU 567, EX 588
05-09-2016 EQ 633, TU 616, EX 649
06-02-2016 EQ 621, TU 664, EX 650
Goal Score 650
Message 1 of 1
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.