When my car lease is up....?

[PsychoSkitz]

Do they offer you the ability to roll over into a new lease?

For example, would I need to put another large down payment on the car to get a better price per month, or do they let some of it carry over?

January 2004 will be here before long

 

[Y_lifter]

A lease Down payment is actually part of the lease payment on the car. You won't get it back.
You turn the car in and the only option you have is to buy it for the remaining value. Lease - Car's value..

This is why the more down payment you make the lower the monthly lease payments and vice verse...

No down usually means higher monthly payments...

 

[chrisoh]

what kinda car is it?

 

[MattTheSkywalker]

Some leases have deposits you can put down that you WILL get back at the end of the lease. This deposit usually lowers your payment.

Depending on how much it lowers your payment, it may be a wise move, because the reduced payment actually results in a better rate of return than you'd otherwise get.

At the end of the elase, you can purchase the vehicle for what is claled the "residual value", meaning: whatever the car is worth after the lease expires.

I am not sure what you meaqn by "roll over" into a new lease. If you'd like to lease a new vehicle, you can do so. You'll just have to initiate another lease.

You have 2 years anyway.

 

[PsychoSkitz]

what kinda car is it?

2001 Lexus IS300

You have 2 years anyway.

Yup, I like to start research early tho My friend actually said something about doing this when his lease was up and I had no clue what the hell he was talking about. Thanks for the info Did you decide on a car yet?

 

[MattTheSkywalker]

Psycho

Kicking around a few things - the Lexus SC coupe is nice, I also like the Land Rover Defender and Range Rover, although a 4 wheel drive in Florida makes no sense.