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      04-14-2008, 06:10 PM   #1
aequitas330
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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?
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      04-14-2008, 06:49 PM   #2
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Quote:
Originally Posted by aequitas330 View Post
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.
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