Question on MSD and total cost

aequitas330 · 04-14-2008, 06:10 PM

I had planned on putting $2500 down originally, but after some research it seems like Multiple Security Deposits just make more sense. Question though..

Say my monthly payment comes to $540 with no money down. If I did the max of 7 MSD, that would be an additional $3850. ($550 * 7) ... If the total cost is $13k, does that mean my true out of pocket cost would be $9150?

BMWE90 · 04-14-2008, 06:49 PM

Quote:

Originally Posted by aequitas330

I had planned on putting $2500 down originally, but after some research it seems like Multiple Security Deposits just make more sense. Question though..

Say my monthly payment comes to $540 with no money down. If I did the max of 7 MSD, that would be an additional $3850. ($550 * 7) ... If the total cost is $13k, does that mean my true out of pocket cost would be $9150?

Total cost of your lease would still be $13,000- it's just the total amount of your monthly payments.

04-14-2008, 06:10 PM	#1
aequitas330 Montego Blue FTW 56 Rep 1,110 Posts Drives: Montego Blue e90 328xi Join Date: Sep 2007 Location: Northeast iTrader: (0)	Question on MSD and total cost I had planned on putting $2500 down originally, but after some research it seems like Multiple Security Deposits just make more sense. Question though.. Say my monthly payment comes to $540 with no money down. If I did the max of 7 MSD, that would be an additional $3850. ($550 * 7) ... If the total cost is $13k, does that mean my true out of pocket cost would be $9150? __________________ Sig designed by Nikki:
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