scottyXLT

Hi guys
Looking at leasing a 2015.
I was just about to sign when the finance guy says oh ya bring $1000 dollars when you come back with your void cheque.
He says half of that is the first payment ( not sure why you pay before hand) the other 500 was for tax on the COSTCO $1000 dollar re bate and the lease administration fee and $200 for 1 year registration.
Does paying $1000 on signing make sense to anyone here?

laketrout

First months payment is always due at signing on a lease - yes, you pay first, then play.

There is also tax on any rebates, but those could have been rolled into the monthly payment.

As far as registration, that's a regional thing. In CO we don't pay that until we register the vehicle and get permanent license plates. And I wish it was only $200...

If you didn't want to pay any $ out of pocket at signing, you needed to negotiate a true $0 out of pocket lease, where all fees would be rolled into the payment.

scottyXLT

Yes.. Tracking what your saying.

Just a shock it wasn't mentioned anytime during the negotiating.

Lesson learned.

Thanks

techrep

iTrader: (1)

Just like first months rent when you rent a house or apartment... and then you will never own it !!

scottyXLT

Well wasn't disclosed in the negotiating.
There for the dealership payed all fees
Just had to bring a void cheque.

flasch192

get up and walk , I have never paid a dime when leaseing a new truck !!!!!


Just sign and drive

kalison

I have never had to pay at signing for a lease either.

scottyXLT

Yes... That what I said
The dealer covered all costs.!!!

ptmccain

Leasing is a rip off and stupid. Don't do it.

scottyXLT

Ok great another know it all.
If you do not know the answer to the original question.
Then move along.