Your First Payment Explained
When you lease a vehicle, you'll usually make an initial payment at the start of the agreement.
Think of this as your first payment made upfront before the regular monthly payments begin.
Many leasing offers allow you to choose from different initial payment options, helping you find a package that suits your budget.
Does A Higher Initial Payment Reduce Monthly Costs?
In many cases, a larger upfront payment can reduce the amount you pay each month.
This gives you flexibility to structure your agreement in a way that works for you.
If you're comparing lease deals, it's always worth looking at both the initial payment and the monthly cost together.