quiXilver09
Member
- Joined
- Feb 19, 2020
- Messages
- 20
- Reaction score
- 5
- Points
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So I got dealt a crap-sandwich on the car I'm currently in. Long story short I bought an as is used car and the engine went like 10 days in to owning it. Only had 40k miles. After some negotiation, they let me trade it back in but I lost 3k in the deal. I then was forced to buy one of their new cars which was a Mazda 6. I'm now pretty tanked in it.
My question is obviously people are doing the 24/mo lease then buyout thing but that makes the initial lease payment pretty damn high, especially if you are doing a "no money down" option. Even though I'm gonna bring around 5k to the table, my payment for the lease is coming out to be around $1,000/mo.
Even though I have credit in the 700's, I'm wondering if the bank is going to be like "nope" because of the initial lease payment, even though I plan to buy it out right after and lower the payment by over $400.
Anyone had a crazy high initial lease payment before their buyout and it still went through?
My question is obviously people are doing the 24/mo lease then buyout thing but that makes the initial lease payment pretty damn high, especially if you are doing a "no money down" option. Even though I'm gonna bring around 5k to the table, my payment for the lease is coming out to be around $1,000/mo.
Even though I have credit in the 700's, I'm wondering if the bank is going to be like "nope" because of the initial lease payment, even though I plan to buy it out right after and lower the payment by over $400.
Anyone had a crazy high initial lease payment before their buyout and it still went through?
