Buying & Leasing Interested in getting a G37? Ask your Questions in here.

What benefit can be had from paying lease payments up front?

Thread Tools
 
Search this Thread
 
Old 01-02-2012, 05:15 PM
  #1  
Glicious03
Registered User
Thread Starter
 
Glicious03's Avatar
 
Join Date: Nov 2005
Posts: 57
Likes: 0
Received 0 Likes on 0 Posts
What benefit can be had from paying lease payments up front?

My buddy mentioned that some folks -- if they have the cash sitting around -- will take advantage of an option to pay their lease payments up front. Supposedly, they can save a nice little check related to the fact there is no interest in the lease payments.

Is this true? How does this work and how much can be saved?
Old 01-02-2012, 08:58 PM
  #2  
Beer Magazine
Registered User
 
Beer Magazine's Avatar
 
Join Date: Jan 2010
Location: Riverside, CA
Posts: 706
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Glicious03
My buddy mentioned that some folks -- if they have the cash sitting around -- will take advantage of an option to pay their lease payments up front. Supposedly, they can save a nice little check related to the fact there is no interest in the lease payments.

Is this true? How does this work and how much can be saved?
Your buddy doesn't know what he's talking about. You pay interest every month and tax every month on a lease. There is no "trick" other than you won't have a payment for the time you paid up front.
Old 01-02-2012, 08:59 PM
  #3  
jms493
Registered User
 
jms493's Avatar
 
Join Date: Dec 2011
Posts: 50
Received 0 Likes on 0 Posts
sounds silly, I turned my Audi in with 5 $500 payments left. Infiniti said no problem we will pay the car off if you want to do a deal today.
Old 01-02-2012, 09:10 PM
  #4  
RYs06MT
Registered User
iTrader: (4)
 
RYs06MT's Avatar
 
Join Date: Oct 2006
Location: Honeycomb Hideout
Posts: 3,413
Received 18 Likes on 16 Posts
I don't think you can save any monies by paying upfront.
Old 01-02-2012, 09:48 PM
  #5  
kaoticdemize
Registered User
iTrader: (2)
 
kaoticdemize's Avatar
 
Join Date: Apr 2010
Posts: 1,442
Received 36 Likes on 16 Posts
just helps not have any payments is all. No other benifit. Biggest benefit you can get for a lease if you have money laying around is doing mulitple security deposits.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
JRW370
Buying & Leasing
10
04-08-2019 09:24 PM
BLKG37X
Buying & Leasing
3
08-22-2015 05:51 PM
Selym
Buying & Leasing
17
08-12-2015 08:37 PM
350zrunnin12s
Private Classifieds
1
08-09-2015 09:55 PM



Quick Reply: What benefit can be had from paying lease payments up front?



All times are GMT -4. The time now is 02:05 PM.