Hi All – this forum motivated me to jump on my first lease. Been a long-time buy trader.
Anyway, would love for opinions on this deal? I definitely know I am not using the calculator correct so am attaching the worksheet from the dealer for additional reference. Thanks in advance!
Thanks yeah. I’m actually happy with the MSD route as well as one-pay doesn’t seem to get me much more and I’m not risking losing $ in the event of a loss.
Agree — I asked this particular Sales manager about it and he told me upon total loss event you do not get one-pay recouped. please enlighten us it would be super helpful.
Even as a down payment/CCR, the entire DAS is never entirely lost, because the first month’s payment is collected at the time you sign your lease, and that payment and every subsequent payment over the entire lease term will be lower compared to a lower (or $0) DAS deal with otherwise-identical terms.
From there, the amount that’s “at risk” decreases every month, until it’s zero in the final month.
And if you have a catastrophic loss during the term of the lease and the insurance payout is sufficient, you still aren’t out anything no matter when the loss occurs.
This matter is perpetually and grossly oversimplified here.