How To Lease A Car With No Money, $0 Down In 2021 (Step By Step)
Here’s my ultimate guide on how to lease a car with $0 down. The average price for a new vehicle in US was $38,723 as of September 2020 and is continuing to rise every single year. This is leading many people to start considering other options, specifically leasing a car.
But what’s the deal with leasing? Is it going to be a better deal for you or are you better off biting the bullet and just financing your vehicle or buying an older used car in cash?
By the end of this video, you’ll know everything there is to know about leasing a car, what all of the most common terms are related to leasing and the formula for EXACTLY how to find the best price for a lease so that you can have the power in negotiations and get the best deals possible on all of your car leases.
Made a mistake discussing “negative equity.” If you bought a car for $30,000 and put $0 down, one year later it will likely be worth around $22,000. If you still owe $27,000 on it, meaning you only paid $3,000 towards principal, you would have negative $5,000 in equity. You owe far more than the car is worth.
What Leasing A Car Means 00:05:18
How Much Should You Pay Monthly 00:09:17
Steps To Follow Before Leasing 00:13:12
How Car Leasing Works 00:17:08
How To Calculate Lease Numbers 00:26:22
What Happens At The End Of Lease 00:35:43
Common Car Lease Mistakes 00:37:35
DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.