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Old Apr 20, 2016 | 04:55 PM
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Is it normal to..

Is it normal that a dealer demands 15% for a down payment when leasing in Canada? I have never heard of anyone investing that much money when leasing. I just thought this was outrageous.

Last edited by Andrew Cho; Apr 20, 2016 at 04:57 PM.
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Old Apr 20, 2016 | 07:45 PM
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Don't know about Canada specifically, but putting a down payment or not, is up to the buyer.

I've heard of putting a deposit down when ordering, but never more than $1K.
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Old Apr 20, 2016 | 09:39 PM
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Not normal but not sure why would any dealer care! It makes no difference to them unless their finance department says otherwise!
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Old Apr 21, 2016 | 07:02 AM
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Originally Posted by Andrew Cho
Is it normal that a dealer demands 15% for a down payment when leasing in Canada? I have never heard of anyone investing that much money when leasing. I just thought this was outrageous.
WOW, never heard of this. Have you dealt with them before, any past dealings?I can understand on a purchase, but lease??
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Old Apr 21, 2016 | 08:59 AM
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Originally Posted by Andrew Cho
Is it normal that a dealer demands 15% for a down payment when leasing in Canada? I have never heard of anyone investing that much money when leasing. I just thought this was outrageous.
no, not normal.

i think he's in cahoots with your wife to try to deter you from putting the infant seat in the third row.
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