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Old 03-17-2006, 12:29 PM
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missing23 missing23 is offline
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Location: Chicago...one day...
 
Join Date: Feb 2002
Posts: 6,160
Mein Auto: 06 EZGO TXT, chipped!
Quote:
Originally Posted by bavarian06
Does anyone know if dealers will let you put 7 security deposits? Meaning, has it been done?

I figured 7 SD comes out to be $3,800 based on my monthly. This translates to over $1,200 in savings over 36 months. $3,800 secured in a 5% CD yields roughly $600. So it makes sense to do the MSD.

If they dont, I figure I'll just drop $3,800 as down to reduce to the capital cost. It translates to almost the same thing in the costs associated in leasing for 36 months with 7 MSD.
I put down 10 security deposits back when that was the program in 03...so yes it can be done...the salesguy might not be up on the program so call your dealer and ask to speak with the finance guy.

Absolutely DON'T put $3800 down because you won't get that back if you total the car during the lease.
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