The Truth About No Money Down Lease Specials
You can have access to secret lease specials by requesting a no-obligation, free new car price quote for the model you want to lease or buy.
Typically, most consumers need to decide how much to put down vs. how low you want the monthly payment to be.
Important variables for a low monthly payment include the new car sale price and the vehicles residual value.
Do you want a low new car sale price? Then you should get a car with a high residual value.
To assist you in selecting a vehicle, we created a Top 10 list of new car leases for affordable new cars under $17,000 with strong residual values. Request a lease quote!
Find low monthly payment offers and any available no money down specials!
Top 10 New Car Leases for Under $17,000 With Strong Residual Values
Hyundai Elantra Sedan (MSRP $14,945)
It is not surprising that the Hyundai Elantra will sell well all over the globe as it makes other compact cars look inferior in terms of styling, equipment, and driving dynamics. Hyundai knows how to make cars that are incredibly affordable, comfortably spacious, well-made, and fun to drive. The Hyundai Elantra is all that, and more.
Nissan Versa Sedan (MSRP $10,990)
Yes, you read that right. The 2012 Nissan Versa Sedan starts at only $10,990 and earns the distinction of being the lowest priced car that is sold in the market today. For the low entry price, car buyers get acceptable levels of space along with a quiet and well-sorted ride.
Honda Civic (MSRP $15,605)
When it comes to a do-it-all compact car that is capable of lasting hundreds of thousands of miles, it is hard to go wrong with the Honda Civic. The Civic remains to be included in the list of most reliable cars as Honda is dedicated in providing customers with a car that is durable, practical, and easy to drive.
Mazda 3 Sedan (MSRP $15,200)
The Mazda 3 is the perfect choice for the car buyer who prioritizes a sporty driving demeanor in a new car. Japanese car maker Mazda is known for providing fuel efficient and powerful engines, a stylish and sporty design, and a generous list of standard equipment for the price.
How to Lease a Car with $0 Down Payments
Allow us to share some insider secrets about capitalized cost reduction (i.e. lease down payment) and how this will compare to $0 down lease specials.What is the Capitalized Cost Reduction?
In leasing terms, the capitalized cost reduction is the down payment you need to make.
The lease price is called the capitalized cost. The capitalized cost is the amount after deducting the selling price of the car and the estimated residual value.
The capitalized cost reduction will help to further lower the lease price.
If you choose to make a down payment on your next car lease, you will have lower monthly payments compared to no money down lease specials.Example
For example, if you want to lease a car with a selling price of $18,000 and an estimated residual value (resale value) of $8,100 for a 36-month leasing term, then the capitalized cost is $9,900 or $18,000 minus $8,100. This represents the amount of depreciation you need to pay during the lease term.
If you decide to make a capitalized cost reduction (or down payment) of $2,000, the capitalized cost is reduced to $7,900, or $9,900 minus $2,000. This will give you a theoretical lease price of $219/month, or $7,900 divided by 36 months.
If you are going for no money down lease specials, then your monthly lease payments will be $275/month, or $9,900 divided by 36 months.
Factors to Help You Get the Lowest Monthly Lease Rates
Here is a small checklist to help you get the lowest monthly lease rates:
- Check the selling price of the car. The lower the price, the cheaper to lease.
- Check your credit score. The higher your score, the lower the interest rates.
- Check the down payment. As you learned above, making a down payment or capitalized cost reduction will help you get lower monthly lease rates.
- Check the residual value of the car. A car with a history of durability and reliability will have a higher residual value. A higher residual value means you will pay less for the lease.
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