0 Down Lease
CAN I QUALIFY FOR A 0-DOWN CAR LEASE?
More and more, people look for 0-down leases when they are thinking of getting a new vehicle. Auto dealers and manufacturers might offer no money down on a lease to catch the attention of future customers, and point out cars and SUVs they have on their lots.
Shoppers may want one for a range of reasons, but typically it is to save money in the short-term. Considering a non-refundable payment of $1,500, $2,500, $4,000 or more at the beginning of a lease, it makes sense that you might want to spend less when you sign the agreement. If you want to lease a car but don’t have cash for a down payment, you may want to search for a 0-down lease.
Keep in mind “no-money-down” does not guarantee that you can simply go to Germain Cadillac Of Easton (or other dealerships in Columbus) with an empty wallet and drive away in a new car without paying. Even with a 0-down lease, you’ll still have to pay some fees, any sales tax, and typically your first month’s lease payment.
No-money-down leases are a bigger risk for the leasing company should you default. That is why, frequently, no-deposit auto leases are available exclusively for customers with a very good credit rating, or what we call “Tier 1”. Contact us at 855-370-6361 if you want to find out if you qualify or to discuss the right option for you for leasing a new car or SUV.