Question regarding trading in towards a lease..
#1
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I've never leased before, only financed. I was curious when trading in a car that you own towards a car you want to lease, do you have to put this money towards a down payment? If I were to lease, I'd rather put nothing down and used the money from the trade in to pay the tax, title, first months payment, etc. Is this possible?
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Why not sell your car privately, and avoid being screwed by the dealer on the (f)lease? You will be money ahead, sometimes thousands. At the start of a lease, you do not pay the tax on the vehicle. You don't own it. That is the leasing companies duty. They will charge you for it over the life of the lease, plus the vig.
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Why not sell your car privately, and avoid being screwed by the dealer on the (f)lease? You will be money ahead, sometimes thousands. At the start of a lease, you do not pay the tax on the vehicle. You don't own it. That is the leasing companies duty. They will charge you for it over the life of the lease, plus the vig.
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