[AllEyesOnMe]

Hi everyone,

I'm looking to lease a vehicle and in order for the dealer to decrease the down payment, he allocated it to a line that reads "Total Adds to Cap."

He says the reason for doing this is in the unfortunate event that the car is totaled, you can't get any of the down payment back... But you could get the "Total Adds to Cap" back.

I can't recall 100% if that's what it means.

Can someone please confirm or explain what exactly it is?

Thanks so much!

[Cyberdemon]

When you say decrease down payment, are you rolling your fees into the monthly payment?

Normally you pay the following up front:

-Acquisition fee ($925)
-Doc/Maco fees
-First Months payment
-Sales tax (if not rolled in)
-Any other dealer/state/DMV fees

If you decide you don't want to pay any of those fees, you can roll them in. That total adds to cap.

You are technically not going to get any payment back if the car is cancelled, but you are also increasing your total amount financed, which will add to your total interest paid.