I just learned about one-pay lease agreements. Should I assume this is a “special” arrangement that a dealer has to approve? I live in the Tampa Bay area. Can you tell me which dealers, if any, in Florida offer such a thing? I have never seen it advertised before. Sorry if my questions are too basic. Obviously, I am new here, and I could not find direct answers anywhere else in the forum. Thank you!
A one-pay lease is either a program offered by the leasing bank (manufacturer) or it’s not. It’s not up to the dealer nor is it some kind of “special” dealer arrangement.
Now, we have seen cases where dealers may try not to offer one-pays or say they’re not available etc., this is just the dealer being lazy, not familiar with one-pays as they probably don’t write many and not wanting to put in the effort.
If that happens you just move on to the next dealer.
Regardless of whether you want a traditional lease or a one-pay, the process is exactly the same: Research, put together your target deal using the LH calculator, then contact the dealer and make them an offer.
Thank you for this information, Jeff!
Below is comment from a YouTuber who recently signed a (great) one-pay lease deal from Culver City Chevrolet in California. He paid $6,300 all-in for a 2024 Blazer EV for 24 months. Would I need to check with each manufacturer to see how they treat the one-pay lease payment? Pretty technical issue, but the correct (or incorrect) info could be crucial in the event of a total loss. Thank you!
“So, one pay leases. The details vary from company to company, but GM considers 1-pay leases as a pre-payment of the monthly charge, not as an expanded down payment. Check your lease docs for details, but on *this lease, $6000 of the $6300 is the “base scheduled payment” and that payment is prorated on the same schedule as typical lease payments in the event of a total loss. So 1 year in, if it’s a total loss, you could get refunded 1/2 of the amount ($3,000) after your insurance pays out the value of the vehicle and GAP insurance (if applicable) pays the delta between that and what’s owed. The result is that it’s no different than a 24 month lease other than getting a considerably lower money factor and being sheltered from sales tax increases.”
No, just check Signed Deals & Tips + Marketplace
BTW that only applies to a GM lease.
Each bank treats a total loss differently, BMW and Merc try to recover as much money as they can.
Where did you see BMWFS and MBFS keep the one-pay after a total loss?
The MBFS was a single post ,and the BMWs were a constant complaint here.
Are you sure you’re not referring to keeping any overage or “equity”? That’s what I recall seeing.
I didn’t see anything where someone lost their one-pay.
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Post some examples otherwise it’s useless.