Quote:
Originally Posted by tturedraider
You would be much better off keeping your $15k - $17k in a savings account and using it to subsidize your monthly lease payment to bring it down to the $300 - $400 you’re looking for. The problem with making a large down payment on a lease is that a large portion of the down payment is at risk should the car be totaled or stolen. All BMWFS leases have GAP coverage that pays the difference in the lease payoff and the value of the car at the time of loss. If you make a large down payment there will not be a gap between the payoff and the value of the car and you assume the risk of loss. While the odds of experiencing a loss are relatively low, the risk does exist.
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Not sure what OP is planning to do but very nicely explained.