I was basically fighting to put Security deposit but they said J.P Morgan does not support that. As I mentioned I have been living in the US 2 weeks. I have 0 credit score so I will have to pay dow payment every time.
Buy a Macan. Will hold value the best of the three and cost way less to own than this Jag with this horrible lease. Nobody is going to tell you to take this deal. It is a -1 on a scale of 1-10. Run don’t walk away.
They said, they do for used cars U.S bank which accepts security deposit. Do you think if I put 7 SD instead 5K down, will that make any difference? They also mentioned that US bank has bad residual compare to JP Morgan Chase.
There is no way to make that deal better other than to negotiate a massive discount to account for that $5k down payment. Do yourself a favor and forget this vehicle. It is so far from a reasonable deal that it isn’t worth negotiating. Find yourself a nice Macan, buy it and move on. Leasing cars in Texas with the full tax due is very problematic to start with. You are usually better off buying unless you have an unusually high residual or unusually high lease incentives. Neither applies in this case. It’s not doable.
Run from this deal, I wouldn’t think twice. Insane deposit and not a good price either. Either buy a car, use it for 3 years and sell it or look for something else. You’ll be throwing money away.
“A fool and his money are soon parted” - Try not to fall in that situation (lol).
