I've got an offer from car dealer to lease a new car for 24 months:
Lease offer (I haven't seen contract yet):
- operational lease
- first payment 45%
- principal-interest 1.59% (for 24 month)
- buying out a car at the end 19%
- they say it's up to me where I'll insure the car
- total cost of the leasing (including buy out) 102.24%
However the loan for the same car with high first payment will cost 10%. They say that they have special black week deal for leasing.
I'm wondering is it possible to have only 2.24% cost in case of leasing or where the hidden payments could be?