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| Car Lease - Due at Signing | ||
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The term, due at signing, refers to the total amount of cash that is due at the time a car lease is signed. The amount due at signing can include first month's lease payment, various official tax and title fees, a down payment (cap cost reduction), sales tax on the down payment, and possibly a security deposit. A "lease acquisition" fee is also sometimes included. Cash due at signing, in car leasing, is often confused with a down payment. Remember, a down payment, if any, is only a part of the total amount due at lease inception. If you only have a particular amount of cash that you can apply to your car lease, ask your dealer to tell you how much of that amount will be applied as a down payment (cap cost reduction) after all other fees and charges have been subtracted. Let's look at an example:
Total cash due at lease signing = $1800. Of this amount, only $1000 is used as a down payment.
For more information, see: The Lease Guide
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