Thread: Misc Kia Nero EV EX - Anyone here have one yet?
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Old 03-18-2022, 07:49 AM   #4
Mephistopheles Janx Mephistopheles Janx is offline
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Join Date: Jan 2017
Casino cash: $-1837687
Quote:
Originally Posted by wutamess View Post
How do you get all the $ back?
All the down payment money above the $3500 required at signing.

So, if I put down $5k total as my down payment at 15k miles per year my monthly payment comes out to $270 per month.

If I put down $7k ($2k more) total as my down payment at 15k miles per year my monthly payment comes out to $210 per month. That is a $60 per month difference.

The lease is for 36 months. So:

$60 x 36 months = $2,160 (+ $160 to me)

By putting down an additional $2k to begin with I will have saved, over the course of the lease, $2,160, which is a measly $160+ to me, but knowing that I "get" the $2k back over the course of the lease AND my monthly payments are lower is nice.
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