1 Pay lease clarification...
10-18-2014, 07:04 PM
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AMG GTS Edition 1
1 Pay lease clarification...
Hi guys,
I'm trying to lease another MBZ but I'm trying to maximize the money.
So from what the invoice indicates, the lease monthly payment is the following
(Agreed Value + acquisition fee + other fees - residual + rent charge ) / number of months under contract.
Considering rent charge = interest
then if I do the 1 pay lease, does rent charge disappear completely?
Also, I understand that if you pay down payment to buy down the monthly and the car gets totalled, you dont get your down payment back. So there is no incentive to do down payment. But is 1 pay lease considered down payment?
I'm trying to lease another MBZ but I'm trying to maximize the money.
So from what the invoice indicates, the lease monthly payment is the following
(Agreed Value + acquisition fee + other fees - residual + rent charge ) / number of months under contract.
Considering rent charge = interest
then if I do the 1 pay lease, does rent charge disappear completely?
Also, I understand that if you pay down payment to buy down the monthly and the car gets totalled, you dont get your down payment back. So there is no incentive to do down payment. But is 1 pay lease considered down payment?
