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Re: Security Deposit (archive)
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Posted by Bill Weismann on August 19, 2001 at 22:09:17:

In Reply to: Security Deposit posted by Jeff G. on August 11, 2001 at 01:51:38:


Has anyone put down $9500 for this security deposit (lease of 740i) and got it back at the end of 3 years and have it lower your payment by $105 per month? If you do the math it is a to-good-to-be-true 13.2% reduction in payment. The stock market sucks. If this is a real deal, it is a REAL OPPORTUNITY?

Yup,

Lots of finance companies do this. Basically, they reduce your money factor by .00010 or .00015 for each extra security deposit you put down.

That reduces your lease charges. It does work and is real. We have 2 jags leased at the moment, both are utilising this program and its' saving a fortune.

e-mail me if you have questions. When I sold new cars I used to do it all the time.

Bill


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