Lease, not buying just yet - can I still save?

[turboAWD]

Just wondering - I did the "lease cash" for a 24-month lease. Definitely planning to buy at some point.

I'm 3 months in, so I've paid a bit of interest, but not that much. Can I pre-pay the ~$10K for the remaining 21 months, still keep my 2-year lease and save all that interest? And then, at the end of 2 years, have the option to buy the car or turn it in?

That would seem to be the best of both worlds. I mean, I'm on the hook for the lease no matter what. I'm 98% sure I'm buying, but.. Options are always good

 

[MerlintheMad]

It's the lease rent that adds up. The Buyout avoids that. Obviously the sooner the better; I did the buyout after three payments/months.

 

[turboAWD]

It's the lease rent that adds up. The Buyout avoids that. Obviously the sooner the better; I did the buyout after three payments/months.

Right. My question is - can I avoid the lease rent by doing the equivalent of a "one pay" AFTER the fact? It worked for my wife's GTI - paying most of the loan really reduced the interest charge. They gave us a $500 discount by taking out a loan, and we'll end up with like $150-175 in interest + early payoff penalty.. Still $300 less than the already good price..

 

[MerlintheMad]

You've been thinking this through. I'll just sit by, now, and learn a thing or two.

 

[Lynix]

Right. My question is - can I avoid the lease rent by doing the equivalent of a "one pay" AFTER the fact? It worked for my wife's GTI - paying most of the loan really reduced the interest charge. They gave us a $500 discount by taking out a loan, and we'll end up with like $150-175 in interest + early payoff penalty.. Still $300 less than the already good price..

I believe if you are prepay the lease you will still inquire the interest and any rent charge fees. Not completely sure though.