[NGT2]

Originally Posted by crackerjack15

Why would you ever put money down on a lease? If you total the car you loose that money. And don't say to lower the payment. Because you are not lowering the payment. Your simply paying it up front.

I feel the same way. I asked for a work up on a lease and they rolled the entire trade into the lease. Why would I give you all that money, just to give you the car and get nothing in return in 2-3 years? I'd rather keep and invest the money. If I had to draw out of it slowly to help cash flow the lease payment, that's fine. I'd rather do that per month than all up front, like you said. Especially now that a CD will pay 4-5%.

[crackerjack15]

Originally Posted by NGT2

I feel the same way. I asked for a work up on a lease and they rolled the entire trade into the lease. Why would I give you all that money, just to give you the car and get nothing in return in 2-3 years? I'd rather keep and invest the money. If I had to draw out of it slowly to help cash flow the lease payment, that's fine. I'd rather do that per month than all up front, like you said. Especially now that a CD will pay 4-5%.

Exactly. I have a bunch of cash in American express personal savings that is currently paying 3%. And, it can be transferred in/out easily.

[Saejin]

Originally Posted by crackerjack15

Why would you ever put money down on a lease? If you total the car you loose that money. And don't say to lower the payment, because you are not lowering the payment. Your simply paying it up front.

And why don't people check with credit unions? My local credit union is 2.99% for 60 months.

Damn. What credit union is that.

Two of the more popular CUs where I live have rates in the high 4s and 5s for 60 months.

[NGT2]

Originally Posted by Saejin

Damn. What credit union is that.

Two of the more popular CUs where I live have rates in the high 4s and 5s for 60 months.

Same here.

[crackerjack15]

Originally Posted by Saejin

Damn. What credit union is that.

Two of the more popular CUs where I live have rates in the high 4s and 5s for 60 months.

https://www.firstpeoples.com/rates#AutoRates

I guess you need to live near the credit union to become a member. Not sure. I do not have an auto loan with them.