You get a rent factor reduction of .0001 for each additionalBen Chou said:It depeds. The more security deposits that you put down it affects the money factor slightly. I don't remember the math. Joh Shafer would be able to answer this for you.
Owner Choice still has a security deposit. Actually you don't get the security deposit back like a regular lease and the residual numbers are different. But the sales tax thing is true.FlyingToaster said:One thing I would recommend is you look in to "owners choice."
It does not have security deposits, nor acquision fees, and it is cheaper on a per month basis. Also, you only pay sales tax one time not twice as it is in leasing.
Jon,Jon Shafer said:You get a rent factor reduction of .0001 for each additional
refundable security deposit that you put down up to a
maximum of 9; you can save up to .009 or 2.16% APR
by doing so... SNIP
Each security deposit is calculated as the base monthlyGimpyMcFarlan said:
You mention above that the maximum number of deposits allowed is 9. Forgive the simple follow up question...
How much (max) can a person put down for each deposit?