Title | : | Cash Down on a Lease .. What’s TOO MUCH? |
Lasting | : | 7.11 |
Date of publication | : | |
Views | : | 55 rb |
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Your the best! great info Comment from : Shant Janesian |
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This is advice, albeit dated by no fault of the poster, is absolutely and purely based on whether you total your car and the insurance company agrees that it's unrepairable That's itbrIf you never total your lease, and you put extra money down to lower the payment, I think the only way it works for you is if you decide to keep the car once the lease expires, otherwise, that extra down payment will get lost forever, because the residual is set, and current used car value frenzy isn't going to last forever and ever Comment from : F P |
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oh man I fuck up lol Comment from : ricardo paredes |
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Good to know! Thanks Comment from : Abstract Assembly |
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Hey buddy and what about Florida? How could be the process for leasing a car here? Comment from : Usama Said |
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Nothing is too much as you pay the same total amount payable regardless of the deposit (in the UK anyway) simply down to budget Comment from : Ash Jackson |
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So 10k down on a 2021 bmx x6 is too much huh? Comment from : Victoria Margarita |
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Went to lease a 2021 sonata wanted to put down 1,000 down and that’s it Dealer kept insisting for more money I said no and left My credit score is in the 700’s Dealers are predators and thieves Comment from : Wonka |
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I have a trade that is worth $8,000 I will put no money down, but apply the trade equity ($8k) which lowers my monthly payment If I don't apply the trade, my payments will be sky high Comment from : kilim |
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damn man 😎🤝, fck straight info broobri’m in the market for a Lease now a Camry LE FWD 25 L 4 Cyl it’s i gods idea to lease a Used car, like 1 ir2 years old, that would be stupid or nerd ? your thoughts Comment from : DaveKing11 |
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Great info thanks Comment from : Daniel Smeltz |
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$1 is too much down Let’s say you total the car two months in That money you put down is now total loss, no one gets that back Insurance pays off the lease and the car, and you get into a new lease with a higher payment If you put $0 down though, you do have a higher monthly payment but you only lost the two months of payments you made and you didn’t lose any money you put down since you didn’t put any down Comment from : Sami Wasti |
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Why not roll everything but the first payment? Comment from : Kelly Almanzar |
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Wish you quick and full recovery You are awesome You have helped me and my friends Thanks so much Comment from : andrew Poole |
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Amazing video helped loads 👌🏼 Comment from : Kyle Bookless |
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LOVE the video great help, LOVE LOVE LOVE the zinanishan on your left arm Getze hayastan, Getze hay azki! Comment from : AP Pit Boss |
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I don't want a Honda I want a kia 😩 Comment from : Black Lyfe |
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Great info I certainly don’t want to put another 7k down 😟 Comment from : Jenny Jauregui |
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don't worry the flue has "MAGICALLY" disappeared! Comment from : Just think |
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I’m sick to my stomach I put down 5k on my lease Never again Comment from : Angel ackerman |
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I put down 9k on a bmw 440i convertible and 510 monthly payment Comment from : Herb DT |
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I leased a 2021 toyota tacoma 4 by 4 and put 1500 down and 400 month for 42 months i didn't negotiated as much was i dragged into a bad hole? Comment from : Leonardo Garcia |
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Good info However, if the dealer says No and tells you they need 5 down plus acquisition fee, what should I tell them? It ends up being extra $1500 I feel like I should give him a reason to counter him Thanks Comment from : ocwaveoc69 |
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Hi Ari, been talking to a dealer via email regarding a lease This is what they told me - is this normal? "Just so you are aware, the only way to secure a vehicle and run credit is with the $500 deposit" Comment from : Nezzys Place |
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Well shit I just leased a car but put down waaayyy too much Mainly because I didn’t want to have a high monthly payment Didn’t dealership wasn’t asking for much Comment from : Alberto Torres |
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It when I use this formula the monthly price of the lease is always too high So I put down additional money to get my payments where I am comfortable Comment from : devin dorsey |
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@Ari Would the monthly payment change(lower) the more money down you put on a lease? brbr I'm making this comment in reference to my experience with the car brand website where after you build the car you want you could estimate monthly payments Comment from : Xavier E Sevilla |
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0 down, 0 drive off, not a penny out of pocket That's the deal It's a rental What the heck is a "down payment" on a rental? You're basically just paying a big chunk of your rent upfront so you can reduce the subsequent monthly rental fees afterwards It makes no sense to even call it a "down payment" It's more like an advance on overall rental costbrbrWould you pay a "down payment" on your initial overall apartment rent so you can pay less every month on rent? No It's the same concept on leases Of course, some dealers won't accept 0 drive off but some will I found a few after shooting out 15 emails through the online services and just telling each one what I will accept Comment from : Winter 1944 |
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Can you do a one year lease Comment from : jaysolo |
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What about the $7500 fed tax credit in a lease agreement to lower the price How do you calulate capital cost into interest Comment from : TheWaterman1000 |
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I like to keep my monthly payments low, is it ok to put more than 5 down to do that? Comment from : HornFan2 |
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Does it ever make sense to buy a vehicle early off of lease? I have a 2018 Toyota Tundra Platinum that I have decided I want to buy outright The agreed upon residual value for the truck at the end of the lease is 28k I have, I think, 10 more payments to pay I wanted to know if there is any circumstance that would make it advantageous to me to buy the truck now Thanks Comment from : tokyobosco |
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Damn I got fucked on my first lease giving down $5,000 and $840 on a A5 payments, now I’m doing all this research for my next lease Comment from : edgar delgado |
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Damn! That is a great deal you got your mom! I wish I lived in Boston! 👍🏾👍🏾👍🏾!!! Comment from : marcus simmons |
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hi ari i found ur channel good info when u say 5 with MSRP tht included all the fees also Comment from : Motivation Path |
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Hi Ari I am in the market for a 2020 MB GLB The sales guy is offering me $4,250 due at signing 10k miles 36 months for $507 monthly taxes and fees included I have tier 1 credit I feel this is not a good deal Can you share your thoughts please? I am in FL by the way Comment from : Francesco Denegri |
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Thank you very much for that information I’m learning a lot from you that’s why I subscribed you🙏🙏🙏 Comment from : Angelo Limcangco |
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Ari can you make a video about these rules all together 05 percent rule and more recently I think you had a 1 rule? Comment from : Jonathan H |
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You deserve at least 500k subs brother Comment from : MrSTROM26 |
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Down payments are for purchasing something, not borrowing Comment from : Allan Powell The REAL AP |
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Would you do the same 05 down payment when financing? Comment from : Angel Verduzco |
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Ari, I thought putting any money down on a lease was bad? If you’re putting money down, is it much better to do a security deposit vs a down payment? Comment from : Jake |
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Do you do consultation? Comment from : Maritza Juache |
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But what if your credit is top tier? In my case BMW said I had to put down the full 5000 plus first month payment Comment from : SHOTAMAN77 |
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I want to lease a 2020 Infiniti with $3,000 down and good credit for about $300 a monthdon’t wanna pay anything higher than that Is it possible? Comment from : QCream |
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Does the 5 of MSRP include all the dealer fees, tax, etc? Also, does it include the 1st months payment? Thanks for all your great info! Comment from : pettigrew95 |
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what about when buy a car? Comment from : azrael |
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Great 👍 advice and information Comment from : Lenny7118 |
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Hi Ari, I love your videos Where were you before I got sucked into this lease for 2019 Toyota Highlander? Ugh I want out and it’s to soon Help!! Comment from : Joan Beach |
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Im getting a lease on 2020 lexus gx 460brIm giving them $399900 down and $500 a month brIs that a good deal ?brThe Mrsp on that truck is $58000 Comment from : Sibgha Beig |
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I NEED SOME ADVICE GUYS WOULD YOU GUYS EVER CONSIDER BUYING A 2019 SUBURBAN LTZ WITH 36,000 CLEAR TITLE THAT HAS BEEN A RENTAL FOR AN MSRP $38,850? Comment from : Jesus F |
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Only car worth a payment is a Tesla Comment from : Swat is Quantum |
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I’m looking to exit the below lease Looking to lower my payment with zero $$ downbrbrJjBbrbr1- 24,000+/- milesbrbr2- 18 months remaining on lease termbrbr3- $1,419/ monthly paymentbrbr4- 2017 MASERATI LEVANTE S Pristine condition/garagedbrbr5- Fully loaded vehicle with all amenities (see photos attached)brbr6- Maserati Capital USA (Chase) 844-868-2149brbr Purchase payoff: $71,91956 (includes tax: $574689) Good to: 1/1/2020; buyout fees: undetermined Comment from : KIDDY CLOWN AND FRIENDS |
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I don't understand that bullshit "pay them what's required" who the fuck gave them right to ask for a down payment when I want to lease a car?? this is flushing money down the toilet, you should never do any down payment to those fucking thieves Comment from : Smolex |
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Is this true in California? Because the insurance said they put in the msrp car value Comment from : Raffi C |
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When you lease a car do you pay taxes up front or on the payment? Comment from : edgar Cervantes |
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What would be a plan of attack to get me into a 2019 Golf R? Comment from : Scott Robertson |
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Fuck Civic!!! Only teens with pizza delivery jobs would buy a fucking Civic!! Comment from : Best Relaxing Beach ambience music |
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Have you heard of GAP INSURANCE?? Most car companies offer that free of charge!! Means they cover the amount that your insurance doesn’t!! Comment from : Best Relaxing Beach ambience music |
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$1 is too much for a lease If you have money to put down, buy the car Comment from : Oroborus |
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That's also why you always take the cash rather than the interest rate when purchasing Comment from : R Double D |
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Man thanks for the info just a little feedback get to the point right away 👍🏻 for future reference Comment from : Jhonatan Gomero |
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Thanks Comment from : Bunny C |
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My question is if I put 2,000 down on a 40,000 msrp bmw 230i? Should that 2,000 cover all the dealer fees? But not the tax on the vehicle? Comment from : Russell Pace |
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Can I apply this to financing a car as well? Comment from : Jae_Butta |
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What about BMW with a security deposit that you get back at end of lease? Comment from : Paulie Walnuts |
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Great information 👍 Comment from : Bo Cowan |
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Your mom is dumb Comment from : Oscar Lopez |
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Great collection of videos sir! Thanks for sharing your wisdom! Comment from : Elric 2112 |
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Hey Ari, do you think service packages are worth it when leasing a car? My monthly was 375 but after sitting with the financial guy they told me I need to get this service package which shot my payments to 465 a month Comment from : CarlieeJay |
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Thanks for the video! Apparently hard candy is better for a cough Comment from : Charlie C |
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I Lease a 2019 Toyota Highlander XLE I put down $2,000 and my payment is $47000 Good or Bad Bad ???? 🤣🤔 PD: Excellent Credit with Toyota Finances 19 trough Toyota Dealer Comment from : Alk3r0 |
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Thanks for the info I’m curious what ur thoughts are on my current lease brbrI leased a 2017 Charger sxt Rallye for 36 months with $0 out of pocket or any money down plus the dealer made my first payment It’s with 15k miles per year My payment with taxes and disability insurance included is $388 a month Oh and the MSRP was $36,47000 Thanks for any info Comment from : Marshall Fox |
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This is good advice, however if I’m buying for example the 2020 GLS that’s coming in next month on the special order and the car is 94k and I want the lease around 1100 or less a month I have no problem putting down 5-7k Comment from : CSPRKing81 |
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Thank you for the great info You said this rule can be applied to any car for example a G wagon or a Ferrari Comment from : albarr300 |
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Thank you,!!!!! Good video Comment from : Jose Lopez |
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I guess I don't understand putting ANY money down on a lease If I have a 12 month lease on an apartment for $1000 a month, I don't put a down payment of $1200 on the first month just to have a $900 payment The total will be the same in the end of the lease You are paying for the use of the car, split up over X payments (Cost of lease )/(number of months) (+ other fees, of course) Comment from : phanttomracer |
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With everything you said in this video does it still apply for those with credits of 600-695? Comment from : Orlando |
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Putting money down for a lease is for suckers Who wants to have cash tied up in a tool? Comment from : RD |
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But what about if you want your payments to be a certain amount I have perfect credit but I always put down more than the minimum in order to have my payments where I want them to be Is that wise? Comment from : devin dorsey |
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This is why I don't put down payments on anything I rather pay just a bit more and keep access to my money Use the down payment to supplement your payments if that situation arises Comment from : Tampa0123456789 |
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I want a Lexus is 200t 2016/17 , around $20000, I have $15000 cash, should I get Lexus is 200t, Lexus nx 200t, accord 20, or Camry xse? I like the new rav4 but way more expensive Comment from : Solocartier |
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This is great advice as I wasn't thinking about that at all Thanks Comment from : Alos |
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When you introduce yourself You shouldn't say you're running a car "buying" service because I suspect a lot of people lease and in that case your not buying s*** you are rentinh but I still love your channel! Comment from : 1xraydoc |
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Please explain the “” hold back price for Subaru ascent 2019 Touring “”, Also what do you think of Costco price invoice minus the $250000 Costco discount from MSRP of $ 47, 459bris the invoice price, Per sales man no more further discount from the invoice price since Costco gives only $ 2,500 - discount to their members for Subaru Ascent How much money I have to put down to buy my SUBaru Ascent Touring ? How much more I can negotiate to lower the price in buying my Subaru Ascent? Thank you 🙏 Ari for your kindness and time Peace be with you Comment from : Empe Amparo |
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If I’m buying a 2019 Honda Civic, the 005 would be around $1,050 I’m a bit confused on if you meant that’s the full amount I should pay upfront as cash down with or without the fees? I live in FL which have a bit higher fees, if those fees come out to let’s say $1300 would I pay the total amount of $2,050? Or try to negotiate some of those fees down to the $1,050? Comment from : conflit1993 |
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I love your videos I watch them all the time I’m looking at the KIA TELLURIDE SX AWD CAN YOU TELL ME HOW CAN I GET IT FOR $300 i was thinking to finance or lease but now your telling me if I lease I can loose my down payment HELP HELP HELP !!!!???? Comment from : Frank Sparacino |
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Ari, if car is totaled dont you get made whole and get deposit back with Gap insurance? brOh no that's just paying you back on depreciation losses? Comment from : J D |
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so on a 72k Porsche, $36k is the max good to know Comment from : John Brothers |
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Can we chat about car Leases and if I am trying to trade in my car Comment from : dameon evers |
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Yo, this channel is dope Comment from : Marco Maserati |
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You give advice you hope we listenI gave you advice and what happened ? Hand weights bro Buy some hand weights 🤣 Comment from : Brian M |
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In my opinion, what confuses people is the word "down" So that 5 (just to use your number), is not a 'down payment' It is, as you said, your 1st month's payment, as well as an acquisition fee, doc fee and reg fee So that has nothing to do with a 'down payment' as most people tend to think Just me, but I prefer to say 'out of pocket' (or something like that) There are some leases that require no money at all "out of pocket" But, essentially, you're rolling that money in to the lease payment But, conversely, you can have a 'no money down' lease and still have money due at signing Comment from : David Speakman |
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Great video Ari can u make a video for someone that doesn’t like their current lease and wants out and maybe wants to trade for another lease ? Thx in advance Comment from : Emin Abramov |
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This video is gold I plan on leasing in a few months when i actually figure out what vehicle i want lol You will definitely hopefully help negotiate my deal My question is how would you structure a good lease deal if you have a ton of negative equity in your trade in? I have heard the best way to combat negative equity would be to lease Comment from : Tayshawn Price |
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