Originally Posted by George@V
What's your rationale? I saved over $110/month in "interest" by reducing my MF with multiple security deposits. The $5K I put down won't earn that much interest sitting in a bank account...
Great explanation, let me give the OP an example of what I did
I just got an X6 and put down 7 MSD's (7 X $750 = $5250)
with MSD's - $724 a month
Without MSD's - $780 a month
So...In reality, $5250 that is fully refundable after the lease, it is "saving" me $56 a month which comes out to $2,016 through out the lease. I do not know any bank that can guarantee you that kind of return.
MSD's is not a down payment, it is a security deposit that you will get back from BMW once the car is returned.
Each MSD reduces the MF by .00007 so end of the day it does add up, let your money work for you!
2011 E92 335 X-drive Deep sea blue/Red ZSP, ZPP - Retired
2013 X6 Deep sea blue Blue/Red ZCW,ZPP,ZPS, Full LED lights, Multi-contour seats
2013 535 X-drive Imperial Blue/Cinnamon, ZDA, ZMP, ZPP, ZTP, Multi-contour seats, Ceramic controls, Premium Hi-Fi
2015 X6 White/Red ZMM,ZDA,ZDB,ZPP,337,4U1,688