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Cary Buying Advice--How are Multiple security deposits determined?

tom1965tom1965 Posts: 40
edited June 2017 in General
Does anyone know if the msd due is based on pre msd reduction or after?

 Ex- if pre msd payment is - 500 and you can do max of 5 is it 2500?

 Or post msd payment 400 x 5 = 2000

 Numbers are for illustrations for further understanding not specifics.

 Thank you

Answers

  • kyfdxkyfdx Posts: 107,314
    tom1965 said:

    Does anyone know if the msd due is based on pre msd reduction or after?

     Ex- if pre msd payment is - 500 and you can do max of 5 is it 2500?


     Or post msd payment 400 x 5 = 2000

     Numbers are for illustrations for further understanding not specifics.

     Thank you

    Depends on the bank.

    BMW uses the post-MSD payment, rounded up to the next $50 increment.
    Infiniti uses the pre-MSD payment, rounded up to the next $25 increment.

    Those are just the two I know from experience (but, BMW doesn't have an MSD program, any more..)

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    Edmunds Moderator

  • tom1965tom1965 Posts: 40
    Do you happen to know about Lexus 
  • kyfdxkyfdx Posts: 107,314
    tom1965 said:

    Do you happen to know about Lexus 

    No

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    Edmunds Moderator

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