One more question: With your program, we’ll get out of down payments. But will we still be responsible for 1st month + Bank fee + DMV fees? Which amount to 1,000-1,500.
Thank you again!
You are referring to a standard sign and drive lease. As you mentioned, that is when we only pay the first month up front plus dealership fees.
The car dealership delivers us our new car…
We sign the paperwork at our kitchen table – this takes about 7 minutes…
The delivery people smile and leave…
And we get our new car. Sitting in our driveway. Ready to enjoy.
No money changes hands. No need to use a credit card. No need to get a cashier’s check from the bank.
We get a bill or coupon book in the mail a few weeks later for our first payment. (The lease paperwork states when the first payment is due – usually 30 days after taking delivery.)
With true sign and drive, the dealership pays the leasing company these fees for us. Yes. Very cool, right!
Everyone is happy.
Tip: the moment I take delivery, I make sure to call my auto insurance company and update my policy.