Quote:
Originally Posted by alpinweiss 335i
Only problem with the multiple security deposits, is if at any point you need to get out of your lease and transfer it to someone else, well, you're screwed. Not a whole lot of people in my experience want to pay the large sum of MSD's.
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It lowered the MF by 24% over 3 years...8% per year return on my money is the way I look at it. I have no concerns about maintaining the lease. Also not sure if you are accurately portraying the facts when you say "you're screwed" if you opt out early.
This is from my lease paperwork: "You may use some of all of my Security Deposit to pay any amount I owe under this Lease at the end of my Lease Term or upon early termination of the lease. After I have paid my obligations under this Lease, you will refund to me any part of my Security Deposit that is not used to pay what I owe you."
So you don't forfeit the money and how can I or anyone else be "screwed...?"