Quote:
Originally Posted by ras912
bfv -- once again need your sage advice. Before I headed down the path of MSDs, dealer had quoted a mf of .00175 for a 535/36 mo/15k. They agreed to waive the security deposit and not penalize me on the MF. I am trying to close the deal and want to put down 7 MSDs. They are now showing the MF at .00126 (that's correct) but are showing amount due at delivery of the 7 MSDs PLUS the first security deposit (which was previously waived). I told them that's not correct. What is the prop way to calculate this. In my calculaiton, it's the .00126 MF with the 7 msd's due at delivery (plus registration, etc.) but not an additional security deposit. Thoughts? Thanks.
|
When you sign the lease, you should be depositing 7 MSDs and first month's payment (which is the same amount as one MSD). If they are asking to deposit total 8 MSDs, that is a no go. I would check with BMWFS or other dealers before proceeding.
Also, read your contract VERY carefully. They might use this additional MSD as down payment.