Leasing Question
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From: Florida
Leasing Question
How much would I save if I made a lump sum payment for my lease on a GS 350 F Sport vs placing multiple security deposits?
Does the effective money factor go to zero with a lump sum payment?
How much does each additional security deposit reduce the MF?
Thanks
Does the effective money factor go to zero with a lump sum payment?
How much does each additional security deposit reduce the MF?
Thanks
Driver School Candidate
Joined: Jul 2009
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From: georgia
Obviously you will get a lower payment if you apply that money to cap cost reduction but you won't get that money back at the end of the term. Not sure how much MF is reduced per sec deposit but I wouldn't think it could be reduced to 0. Could be wrong though...
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From: Florida
I have read that each additional security deposit lowers the MF by 0.0001 I think you can do 8-9 Security deposits which will lower the rate substantially.
Last edited by Valueguy; Jun 8, 2013 at 07:23 PM.
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From: Florida
Infiniti allows a maximum of 9 security deposits and each deposit reduces the Money Factor by 0.0001
Lexus allows a maximum of 9 security deposits and each deposit reduces the Money Factor by 0.0001
BMW allows a maximum of 7 security deposits and each deposit reduces the Money Factor by 0.00007
Lexus allows a maximum of 9 security deposits and each deposit reduces the Money Factor by 0.0001
BMW allows a maximum of 7 security deposits and each deposit reduces the Money Factor by 0.00007
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