Expert shares why you should never put too much money down when you're leasing a car

An expert has revealed why you should never put too much money down when leasing a car.

Cars are expensive, there’s no two ways about it, so you need to keep your wits about you when negotiating.

One way drivers try to keep costs down is by leasing a car rather than buying it.

But, as always, you have to know what to ask for to get the best deal possible.

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Leasing a car

When it comes to purchasing a new car, there are many routes to go down to make it as cost-effective as possible.

From buying second-hand instead of brand new, to sourcing the car from budget sites, there’s no guidebook for how to do it.

But there are experts out there trying to help.

One way a lot of drivers try to keep costs down is by leasing a car instead of buying it.

TikTok content creator @russflipswhips urged drivers to ask the following questions when leasing a car.

“Look, man, I’ll lease the car, but I’m not going to put any money down with my trade-in. So can I just get that back in the form of a check?” he said.

His reason for not wanting to put money down on a lease?

“It’s because what would happen if I total the car? I’ll tell you what happens. If I total the car, they’re not going to give me any money back,” he said.

“It’s not smart to put money down on a lease. I’ll put a little bit of money down: cash for the first payment and plate fees, but I’m not putting 12 grand down on the lease. I’m not taking those chances.”

Mixed opinions about the expert advice

After hearing the advice, some car fans weren’t quite in agreement.

“At the end of the day, the total price of the lease paid over time is the same. Definitely doesn’t make sense to put money down if you don’t need to,” one said.

“Leasing is just throwing money away on what functionally is just an extended rental with a ton of restrictions. If you’re going to buy a car, just buy a car,” another said.

“This will never work, you cannot lease a car with nothing down unless you have flawless credit,” said a third.

Many other experts have been sharing advice online, too.

For example, one expert showed a clever hack that instantly cools down your car with just one button, perfect for hot days.

Plus, we can’t forget the time that a parts expert shared warning signs that your fuel pump could be about to fail.

You can take a look at @russflipswhips talking all things leasing below.

@russflipswhips Would you rather lease a car or purchase a car? #carsales #cardealership #carsalesman ♬ original sound – RussFlipsWhips

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