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| No Money Down Car Lease | ||
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The term no money down car lease refers to the concept of leasing an automobile without the need to use cash as a down payment (called "cap cost reduction"). Leases are very flexible and can be set up to require no money down, as compared to conventional new-car loans, which generally require a substantial down payment. Of course, a down payment on a lease will reduce the amount of each monthly payment, and also reduce the time that the lease is "upside down," which may be helpful in case there is a need to end the lease early. All leases require the up-front payment of certain fees, taxes, and first month's payment but these should no be confused with a down payment. For more information, see: The Lease Guide
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