Originally Posted by pz619
It only covers the balance of the lease. You are out the down payment. Let's say you put down $4K on a lease, you exit the dealership and get t-boned destroying the car. You pretty much spent $4K to drive out of the parking lot.
Putting less down increases your monthly payments, but reduces your risk should something happen. This of course is when gap insurance is key as the insurance company will have to pay more in the same situation as above.
Are you sure? If what you say is true I agree I don't ever want to put money down on a lease.