If you have only bought cars but now you’re interested in leasing one, you probably have some questions. While leasing is similar to financing, there are some differences, and a big one concerns the down payment.
If you’re thinking about a Nissan, here’s what you should know about the initial Nissan lease payment.
Putting Money Upfront
When you buy a car, you need to supply a down payment. For the most part, this isn’t a requirement with leasing. There are, however, upfront fees, which may include the first month’s payment and security deposit.
Why a Down Payment Could Make Sense
While you may not need to include a down payment for your lease, you might want to think about it anyway. The more money you supply right away, the less you will need to pay over time. A sizable down payment could shrink your monthly payments significantly.
How Much Should You Put Down?
If you do want to include a down payment, the next step is considering how much it should be. You should put up as much as you feel comfortable spending. You may also not need to take anything out of your pocket. If your leased vehicle will be a replacement for your current car, this old vehicle may still have good value that can go towards the down payment.
Find the Right Lease at the Right Price at Bedford Nissan
If you’re ready to lease a new or pre-owned Nissan vehicle, visit Bedford Nissan to see what’s in stock. We’ll let you know about our current lease offers and help you find the perfect model that fits your budget.
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