View Single Post
      09-07-2011, 05:12 PM   #3
MaximusJ
Colonel
MaximusJ's Avatar
Canada
303
Rep
2,485
Posts

Drives: 340Xi MG 2017
Join Date: Jul 2010
Location: Quebec, Canada

iTrader: (21)

Garage List
I dont see the point. You will pay interest in advance; makes no sense. Pass the credit check first and if it fails, ask the dealer as to what kind of security deposit they need to pass the test. I'm sure it wont be over 6 months deposit except if you went bankrupt.

If you're a business or self employed, you can also loose serious tax credits doing so; but i'm not familiar with US based taxes system but that's something you should look into (if it applies).

Why arent you buying one if you can afford those kind of payments? If you can pay a CPO in cash, you can get some serious negociation gains and also save big time on interest. Or even buy brand new right now and sell in 3 years to get like half of the brand new price.

Lots of options are there for you. But paying lease in advance will make your dealer rub his hands with an evil smile.
__________________
Mineral Grey '17 F30 340XI
[Garage] // [Build Journal]

Jet Black '06 E90 325I
[Garage]
Appreciate 0