Hi,
I know this may not be completely specific to the U.S. but since its where I'm planning on leasing the car, some more specific details would be vastly appreciated.

Ok as a backstory, I'm currently studying for my undergrad in Boston and wanted to lease a car maybe 8-10 months later. I really wanted to go the leasing way since that doesn't make me worry about maintenance and reselling etc. once I finish my studies and go back home.

I'm new to the leasing thing and have absolutely no clue as to what it all is. In India, we always have either outright or loan basis neither of which work out for me here. We don't have a leasing system whatsoever.

So please if you could help me and explain atleast the basic of terms such as whether my deposit I place would be applied towards monthly payments or is the deposit a completely system entity of payment? Also, I've heard of something like leasing index or something, if someone could help me out that would be great!

P.S. I'm probably either heading towards the C350 or C63 depends on how much the monthly payments come upto for the 63.

Thanks a lot!!