Quote:
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Originally Posted by Dethsupp0rt
Quote:
Originally Posted by boss2k
Can you please explain this "A maximum of 7 MSDs can be applied. Each one reduces the money factor 0.00007. Each MSD costs the monthly payment rounded up to the nearest $50."
In other words how much i need to pay for each MSD, is it 50 USD per MSD ? If i buy 7 MSD, does it mean its 350 bucks i need to pay for security deposit?
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No, it's a monthly payment rounded up to the nearest $50. For example, if your monthly payment is $815, each security deposit would be $850.
Thus, 7 security deposits would be $5,950. Considering this may reduce your total payments by ~$50/month, it's not a bad ROI. |
Which also makes a point to never mention you are going to put money down or do MSDs in advance. Always negotiate the lowest possible price first.
Then when you're ready to sign the deal mention the MSDs and you will drop your money factor therefore dropping the monthly payment.