Teach me downpayment vs drive off

[yongming]

What’s the difference between downpayment and drive off when we lease?

[Jon]

DOWN PAYMENT VS DRIVE OFFS VS DAS! Know the difference and avoid shady tactics!

Hello Lease Hackrs, For those of you who are new to leases please make sure you are familiar with the differences between these three terms. Dealerships use the down payment loosely because they know most clients hear that and assume that is what they are paying out of pocket. Dealerships and brokers are notorious for advertising $0 down with a very attractive low monthly payment and not mention what the drive offs entail. They will usually have in fine print that state you must QUALIFY for …

[yongming]

So basically downpayment and drive off is two different and separate thing right?

[Jon]

Yes, down payment is a cap cost reduction.

[yongming]

Ic! thanks a lot!