I am interested in doing a one pay lease as I don’t want a payment, but I have a HUGE concern. If I wreck a car on a lease with $0 out of pocket, 6 months in, in most cases GAP would cover it and I walk away clean. On a one pay lease, GAP still pays but now I am out 2 or 3 years worth of prepaid lease money and no vehicle. Unless there is a substitution of collateral clause in there that I don’t know about that is a horribly bad deal and why would anyone do it?
I have been in the Car business for 30 years and done no less that 20 leases, but never a one pay as they didn’t same much money.
5 posts were merged into an existing topic: One-Pay Leases | General Questions and Discussion