**One Pay Question If Vehicle Totaled**

Ask the Hackrs
1

Serious question on the one pay options as I have heard both good and bad. I went with the monthly vs the one pay on my 2026 Hummer out of little fear.

Had some dealers as I was searching for my Hummer Deal advise against the One Pay. Theory was if you happen to total the vehicle you are out all that money. Some even mentioned about putting money down on leases for that factor.

So it raises the question is these true or dealers just trying to collect on the financing on the backside.

2

I’m guessing it’s more that many dealers just make stuff up and don’t have a clue about the specific one-pay terms rather than any nefarious plan to try and steer you to another bank.

I’m not aware of any mainstream leasing bank that keeps all of your one-pay amount in the event of a total loss. If that were the case then no one would do one-pays.

3

ONE PAY=FINE-they will prorate and return the rest

DOWN PAYMENT=BAD-you lose all of the down payment

Edit: BTW-You would’ve save a lot $$$ with a ONE PAY instead of the monthly FYI

4

Only Porsche Finance AFAIK

5

And HMFS iirc

10char

6

This guy knows. All correct besides few banks

7

Not necessarily true. Read the early termination section pertaining to total loss in your lease agreement. Also, you may find this useful…

Single Payment Adjusted Lease Balance Calculations, Optimality, and Purchase Option.pdf (948.7 KB)

8

Incorrect. It depends on the delta between Payoff and ACV

9

Yes but most of the time car is upside down. Man I miss COVID lol

10
11

@trism: do you want your linked post to be in the Wiki section? Seems more appropriate there than in Off-Ramp.

12

Sure, if you think that makes more sense.

13

Okay, I’ll discuss w/ the other community moderators.