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      02-17-2014, 03:36 PM   #20
cSurf
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Drives: BMW
Join Date: Jan 2012
Location: New England

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Quote:
Originally Posted by livestrong191
Quote:
Originally Posted by bradleyland View Post
Yeah, "how much down" is the key question. Straight from the BMW website:

"$4,204 Cash due at signing"

So really it's a $520/mo (roughly) lease payment that you can buy down if you want to. I've stopped putting money down on lease vehicles, because you lose 100% of your down payment if you end up in an accident and the car is totaled. Instead, I use the multiple-security-deposit option to buy down the interest rate as much as possible. The sum of all your payments ends up being less, and you get the MSD back at the end of your lease. Win, win.
Could you please elaborate on this more the multiple security deposit
Thanks
You can lower the money factor (by lowering BMWFS' gap risk to your credit) by putting a chunk of cash in escrow (deposit). The weaker your credit, the more relevant/useful.