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Not requirement, negates your point.... Posted by Mike Lynch [Email] ![]() ![]() In Reply to: I beg to differ, phred, Mon, 9 Dec 2002 15:11:21 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Super low Saab lease rates and lease incentives are availible without a down payment. The rates and incentives are not affected by the amount or the lack of a cap reduction.
The only purpose of the cash down is to make a price point or keep the payment under a certain level for advertising purposes. Our government has determined that it's OK for a manufacturer to put the $399 in BIG PRINT and the $3,500 down in small print. Advertising rules don't require that the payment be disclosed at zero down. That's the way leases are advertised by ALL manufacturers. It's become the industry norm to adverstise an attractive lease payment with roughly a 10% down payment. Just today Volvo was advertising an S60 for $299 in the newspaper. That was with a $2,995 cap reduction or $4,195 in drive offs. The government gets testy when lease payments are artifically too low with an excessive down payment much over 10%. Local dealers can get away with this, the gov' is much tougher on national manufacturers ads.
There's no penalty for not putting up the extra cash down, just a higher payment to offset the lack of down. I always suggest to my customers that with cheap rates it's counter productive to put cash down above and beyond the normal inception fees. The numbers still total the same. On a 48 month lease, every $480 you don't put down raises your payment $10 and so on.
posted by 207.158.49...
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