I want to know is there a limit to how much you can put down when you are about to lease a car. Cause i want to lease my TSX but i am going to buy it in about 7 months. i have a dumb ass 2002 Mitsubishi Galant and the resale value is fucking basically free.(i'm pissed) but anyway i wanna put a 10000 down payment on the car is that possible or is there a limit please help me out.

 

Sure, it's possible. However, you'd have to be braindead to put down $10k on a lease. If you're going to put down that much, why not just buy it?

Do you plan on buying it at the end of the lease?
You gotta explain your situation a little further to help us get a better idea of why you want to lease. You're basically giving that $10k away on a lease. Sure it will lower your payment a lot, but you'll have to give the car back in a few years.

 

aight let me explain myself better. I am going to put down 10000 but yes i plan on buying it at the end of the leasein fact i plan on buying before the year is over. i just need to get rid of my galant now so that i can still sell it for something. i just want to have a low monthly cost now so i can save some money for my kid i have coming then after he is born and some time goes by i can buy that car.

 

nothing wrong with putting 10k down on a lease you will avoid the interest payments for at least 2 years with that money. you might have enough there to pay the lease up front, in the mean time you have no carpayment and can save up for the phase 2 and pay it off when it comes due.

 

Yes it's not like you're giving away the $10,000. You would have to pay that amount anyways over the life of the lease. If you multiply out your monthly payments and add your deposit they'll work out to roughly the same number. You'll actually save some intrest this way.

 

Unless things have change in the last 6 months Honda has a limit on how much you can put down on a lease. For some crazy ass reason you can't do a pre-paid lease.

You can do it. It will be with another leasing company.

 

This topic has been discussed (at length) here a few times so a search should yield some interesting answers for you.

If you are planning on buying the car, do not lease it. A lease will commit you to a specified period of time. Why go into it knowing that you will have to break it in a few months? That will cost you $$$. And what will you have to show for your $10,000 down payment if the car is totaled before you can arrange to buy it? You've got no equity in a lease so you loose the whole amount... No car, no money...

Check with your local credit union or bank and run your scenario by them; they should be able to arrange something for you.

Santa Rosa Steve

 

I think the early termination fee on a AHFC lease is around $1200. It'd be worth your while to put the $10k down and then finance it at a low rate over the long term. Though, if you don't mind paying the additional cash to end the lease early, you could just as easily do the lease. Also, at the end of the lease, to do the buy-out, there are usually a number of small fees that will total a couple hundred dollars.

 

Dealers?? I don't remember this. I don't think this is correct.