0-Down Car Lease Offers

Toyota Corolla Lease Just $129 a Month

Corolla for $129.00 a Month

People have asked me why I don't do articles on 0-Down Car Lease offers. The reason is simply this: any car can be leased with nothing down. A down payment; otherwise known as a Cap Reduction doesn't change the total cost of your lease, it simply lowers your monthly payment. Your Average Monthly Payment and Total Cost to lease the car remain the same. See  our Car Lease Ratings Guide. So, why are some car lease deals for no-money down and others are not? Because monthly car lease specials are simply a marketing game. Car manufacturers are going to structure their monthly offers in a way that looks most attractive to buyers.  You can lease any car with nothing down - just ask. Typically, every thousand dollars you put down on a car lease lowers your payment by $20 - $30. So, what looks like the better offer? No-Money down or a lower monthly payment? It is the same game retailers play when they price their goods at $99.99, instead of $100.00.. It's our psychology and what looks or feels best to us at the time.  For example, it might make me feel better to put $500 down and make a $295.00 monthly payment, rather than no-money down and a $305.00 payment. In reality, the best thing to do is save my cash to help make those monthly lease payments. This is pretty much the same way I look at income taxes. I'd rather take as much as I can now and get nothing back or even owe a little on April 15th. Some people, feel better knowing they are paying too much, but will be due a refund at the end of the year.  Read the rest of this entry