Quote:
Originally Posted by afadeev
Quote:
Originally Posted by jmg
Currently working on leasing a new i3. On top of the $7500 fed, $2000 loyalty, and $1000 UDE rebates, I was planning on using the $2500 state rebate as a down payment as well as the BMWCCA and SCE rebates. Usually I don't put anything down on a lease, but since this is basically "free money" the risk of losing money is very very low should the car get totaled. I figured I'd rather just enjoy a super low monthly payment.
What are your thoughts? Did most of you put the $2500 state rebate as a down payment?
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Why not apply all rebates (state and otherwise) to capital cost (sales price) reduction?
That way you achieve lower monthly payments, and avoid risking down payment $$ in case of total vehicle loss.
I don't live in Cali, but that's what I do with all other rebates and credits I can claim in NJ.
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That's my logic exactly. Some posters on the leasehackr boards couldn't wrap their heads around it.