Quote:
Originally Posted by Al Pin
Quote:
Originally Posted by PNWM3
Quote:
Originally Posted by hksr
Yes, NEVER put money down on a lease. It's foolish as you're just basically pre-paying lease payments.
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But what if I want a lower monthly payment? 
Confusing monthly cash flow management with good financial strategies is what holds back so many people from building wealth. |
If you put $10K down on a lease and total the car that money is gone forever. |
+1 on this, it is an unusual market we are in today. 99/100 times the car will be worth less than the remainder on the lease and that down payment disappears or even in a situation like this where the lessee cannot access the equity, the down payment is lost
OP I would dig into the contract in detail but I believe the terms do call for upon total loss the lease terminated… obviously there to protect the buyer from the reverse situation, where the car is totaled and bmw wants to keep collecting payments