Ready2plugin said:
hategas said:
One thing that irks me is that the dealer taking the $7,500 means if I decide to buy the car at the end of the
lease it in effect I am paying $7,500 over the price of the car. Am I wrong to look at it this way?
I don't think this is correct, because the $7,500 is reflected in your lower monthly payment over the term of the lease.
Right. You get the $7,500 either way:
As a downpayment on your Lease (reducing your monthly cost)
As a kick-back after you pay cash.
You write a check for $2,000, the dealer writes it up as a "$9,500 Payment" on Month 1 of your lease. Very nice, actually.