See above, but many people are selling their blazers this way.
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I’m going to throw a big caution flag here before posting this.
If you want to know what’s actually on your credit reports, look at your credit reports, and NOT the interpretation of a third party like Kredit Karma… where I carelessly grabbed these screenshots to represent as fact. 
With that caution aside, this is how my spouse’s one-pay lease appears to be reporting to TransUnion and Equifax (I’m not on this lease, and I don’t have ready access to the reports themselves).
Lease was originated on 7/1/24 and shows as closed / $0 balance as of 7/3/24.
Our actual one-pay number was $5,287.xx, but at the last minute the dealer had to restructure the deal and kick in some of their own money in order to honor the agreed-upon price.
[I still don’t fully understand what they did, which is why I never posted the deal/contract to Signed!]
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Pardon my question, it’s a bit early.
But what’s the difference between the screenshots? Is the issue with the “Highest Balance”?
Notice the green button on the bottom of each screenshot.
One is from Kredit Karma’s interpretation of TU data, and the other is Equifax.
I believe “highest balance” should reflect the amount of the check we wrote ($5,287), but since the deal was screwy it doesn’t report that way.
I can post excerpts from the agreement to show where the $4,467 came from. I chose not to originally because I didn’t want to create confusion. The deal looks odd on the contract.
My understanding was that the taxes and fees are all considered to be paid upfront and only the total lease payments themselves are included in the actual one-pay total. So if the car is totaled, then the pro-rated refund would only come from the total lease payments and you would receive nothing from the upfronts. Likewise, the balance shown on your credit account would also only reflect the total of the lease payments.
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It looks like that’s it.
Note that these forms don’t match to the penny, because this lease was executed during the massive summer DMS outage, and I think these docs were produced either manually, on a backup system, or some combination of both.
I believe the $2k CCR is money the dealer kicked in to make the deal work, after they realized a mistake on interpreting incentive qualification requirements.
To make it more confusing, here’s the amount we actually paid.
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As an aside, have you ever seen the disposition fee shown not be the standard amount?
Looking for a great Blazer EV deal, which One-Pay would make even sweeter as I understood. But I am confused, since I thought a One-Pay is a no-go since I can lose the entire lease when the car gets totaled…
So please help me: What happens with my One-Pay if the car is totaled?
Will GM refund me the money for the future months that I could not use the car?
In the event the vehicle is totaled on a one pay, you would receive a pro-rated refund of the months that were not utilized.
If you’d like further information please search up in this thread and you can use the search function overall as well, as you can imagine this subject comes up fairly often on here.
This is probably just as suited for posting in the credit thread, but since I recently mentioned this here and I just encountered an example irl, I’ll demonstrate.
I have three Chase cards open, with limits ranging from $31,200 to ~$60,000.
Email from Kredit Karma this morning:
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.
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What’s the mystery car? Don’t do one-pay if you are concerned about it.
This is not correct - One pays are treated differently than a cash down payment. For most banks, In the event of a total loss, you are refunded the proportional amount of payments.
Believe there’s a few threads that address this topic in further depth.
I got a dealer that doesn’t even know how to do onepay leases:(
does this look a onepay lease to you guys?
Need help to complete the deal:)
Do you think if this was true, that anyone would do a one pay?
Silverado EV RST. Texas lease, 36 months GM employee cert. $599 x 36 mo. 10k miles per. Total of 1st payment due at signing
including all fees and plates
I have been in the car biz 30 years and have never done a one pay, so…
but I did just read that on a GM financial one pay they refund you pro rata. Which makes me wonder if they do a lease pull ahead program if that would apply when they would make 3 or 4 remaining payments.
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You shouldn’t be able to show cash down on a one pay lease. The cash up front is all payments and fees.
There are no remaining payments so there would be nothing for them to pull ahead.
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Just did a pull ahead on a one pay today. They prorate the payments by month and provide the credit for xx month pull ahead offer. This is MBFS.
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