RE: leasing a car!
I am a dealer, so maybe I can help:
1. Can you lease used cars so that its cheaper
Don't ever do this. Leasing a used car has no benefit at all. As a matter of fact, it will probably be cheaper to lease a new car than a used car.
2. Is there a down payment when you begin leasing. If yes, how much would it be for like leasing for 6 months for a $20,000 car
Down payment is optional just like a purchase. If you put money down, your payment goes down. Figure about $30/mo for every $1,000 down.
3. Were do you get a leased car.. like at a dealership?
Are you talking an off-lease used car? Or a brand new one? If you are talking about leasing a brand new car, then go to your local dealership.
4. How much does it cost to say lease a $20,000 new car on average about $220 right?
No. Your payment will depend on what the residual value is. Residual value is how much the vehicle is worth at the end of your lease. Take your selling price minus residual value and divide by termthat is your payment (not including taxes, interest, money down, etc).
5. If you get into an accident what happens does insurance cover it?
Yes, you have to carry your own insurance when leasing a vehicle. And it has to be full coverage, not just liability.
6. If the car breaks, is the leased car covered by the warrenty?
If the vehicle has warranty left, yes.Service departments don't know if you are leasing the vehicle, making traditional payments, or paid cash. Don't really care either.
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