Down Payment

How Does the Down Payment Change the Monthly Car Lease Payment?

Articles, Car Leasing Basics, Down Payment, Lease Payments / By

To understand how your down payment affects your monthly car lease payment, you first need to familiarize yourself with the different components that make up your down payment. Many people falsely assume that the total sum of money that they pay during the signing of the lease is used towards reducing the monthly car lease …

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What Are People Who Lease a Car Paying For?

Articles, Car Leasing Basics, Down Payment, Lease Payments, Money Factor, Residual Value / By

Many people who are interested in leasing a car often wonder what exactly they would be paying for every month if they were to lease a car. When you lease a car, the bulk of your monthly payment comes from the difference between the car’s selling price and its residual value. This is known as …

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