Great experience buying this volvo this deal was so easy to acquire from the dealer and seems in line with other deals, was going to lease an Audi Q5 prestige but the cost difference was enormous and didn’t make sense.
Really don’t know. But from what I was reading on edmunds all the lease cash/volvo allowance they end up just putting it into MSRP discount. Which is honestly the better place to put it because the residual is lower and then when the lease is up you could end up with positive equity.
I’ve never leased/bought a car with 14.22% off… so I’m really impressed with this deal especially since the DAS was free money from equity in my old lease.
It doesn’t matter how it’s applied… either way it reduces the cost. It doesn’t change the residual value.
The important reason to itemize it separately so that you can properly compare across multiple markets where lease cash varies. You’re negotiating the dealer discount with the dealer… it helps to know what that is.
I put it down to keep the payment where I wanted it. I probably should have taken the money and put it into MSD to reduce the financing but I’ll benefit with a much higher rate of return in another financial transaction I’m going to do with the excess equity money from my old lease sale.
Think he’s confused on what GAP is. GAP covers difference between what insurance pays out and your car’s buyout or loan value. Down payment goes towards lowing your capital cost which lowers your total buyout, so if your insurance paid off the buyout, you wouldn’t get that downpayment back.