Sounds like too much for the security deposit. Even with the max of 7 x $500 (your $471 payment rounded up to nearest $50 increment), the total security deposit would be $3,500.
Good deal?
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Ah...didn't know that. So one can do 7 add'l security deposits - in addition to the required (or waived) deposit? I was thinking that seven total was the max.If you aren't an existing customer of BMWFS, an additional security deposit is required - waived for future leases/purchases.
Then the OP's deposit #s make sense. Thanks for the clarification.
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