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| Lease Inception Cash - Inception Costs | ||
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The term, lease inception cash, refers to the up-front money that is due at the time a car lease is signed. Lease inception cash includes first month's payment, tag and title fees, down payment (cap cost reduction), sales tax on the down payment, and possibly a security deposit. Other fees, official or non-official, may also apply. Rebates may be applied to offset this amount. Lease inception cash is often confused with a down payment. Remember, a down payment, if any, is only a part of lease inception costs. If you only have a particular amount of cash that you can apply to your lease, ask your dealer to tell you how much of it will be applied as a down payment after all other fees and charges have been subtracted. In other cases, you may want a specific amount to apply as a down payment and have the other inception costs added to it. It can be done either way. For more information, see: The Lease Guide
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