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What is the reasoning to put money down on an auto loan or lease?
by abtinf 8y ago
What is the reasoning to put money down on an auto loan or lease?
- AndrewBissell 8y agoTo stave off a Tesla bankruptcy for another 2 weeks or so?
- xeromal 8y agoLots of leases have down payments.
- bob_theslob646 8y agoThis article does a great job of explaining. https://www.edmunds.com/car-leasing/should-you-make-a-down-payment-when-you-lease.html https://www.edmunds.com/car-leasing/should-you-make-a-down-p... In summary, when leasing, put as little down as possible. When buying(loan) it depends. Obviously every person has a different financial situation, ( which also determines at which interest rate you are allowed to borrow money), but in general or ceteris paribus , that advice holds in general.