What to know about One Pay leases

Ask the Hackrs
1

I’ve gotten a few lease options from GM with both monthly (zero down) and one pay options.

From my understanding, one pay is not the same as down payment/money down. It SHOULD not follow the same worry that if your car is totaled you lose all that money.

But every one pay option comes out better (significantly) than the monthly pay. What else should I be aware of?

For example if I wanted to get out of the lease, could I prorate the one pay and have someone take over (and they pay me directly)? Or is that one caveat that I have no option to ever get out of the lease?

Just curious what else to know before I jump on the one pay deals

Thanks

2
3

They’d have to pay you so your task is harder (finding someone who can pay a lump sum). But it’s possible.

4

You may find this very helpful…

Single Payment Adjusted Lease Balance Calcuations, Optimality, and Purchase Option.pdf (948.6 KB)

??? Let me know.