I’m assuming I won’t get my down payment back. What else can I expect?
wHaT DoEs YoUr LeAsE CoNtRacT SaY?!
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Is it totaled?
Yes. Chevy.
In what mystery state? Which bank?
I got it in so cal thru chevy financialHere on hackr!
Fixed tags. Unless something has changed
i dont anticipate having equity. Do i lose my downpayment?
Yes you do
Your lease is X months in duration.
Every month, beginning on the day you drove the car home, you’ve gotten 1/X of your upfront money back – plus what you saved in finance charges.
So on a 24-month lease, for example, totaling your car in the 20th month means you’ve recouped more than 83% of what you would have otherwise paid on a $0 DAS deal.
There’s no mechanism to “get a down payment back.”
You might receive some money back depending on what the insurance payout is and what the remaining balance is.
So what are those two numbers?
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Why most people say do not put a down payment cause of this reason.
I hope your down payment is basically DAS.
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It was. Thanks.
Curious. What was the mystery can, down payment, months left and lease terms?
But yeah, check your contract
Yeah consider that gone.