Correct. With a lease you want to put as little down as possible!I’m pretty sure you never want to prepay a lease. I think if you wreck it you won’t get your money back.
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Correct. With a lease you want to put as little down as possible!I’m pretty sure you never want to prepay a lease. I think if you wreck it you won’t get your money back.
It's not interest on a lease. Instead, it's a Money Factor, and that number is predetermined when the lease is written and doesn't change over time. If they let you buy out, you will have to pay off the amount of your lease plus the residual value which is all documented in your lease paperwork.If you lease a Bronco, can you later pay off your lease to avoid paying interest on it?
I may lease my ordered Bronco for tax purposes and I was hoping I could pay off the lease early with the money I have saved up.
Thank you all.
To convert the money factor to an interest rate multiply it by 2400It's not interest on a lease. Instead, it's a Money Factor
Been leasing mine from delivery 16 months agoI didn't think you were able to lease the Bronco yet?
Ive heard this tooI’m pretty sure you never want to prepay a lease. I think if you wreck it you won’t get your money back.
He’s an idiotThis guy says that Ford does not use a money factor, uses interest. He also states that you pay interest on the whole value of the car and not just on the lease amount.