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      01-30-2013, 02:58 PM   #46
zeeman335's Avatar

Drives: 2001 M3
Join Date: Nov 2008
Location: Massachusetts

iTrader: (6)

Originally Posted by NHman View Post
Just like a standard security deposit, the additional can be used to offset damage, excess miles, etc. Otherwise you'll get your money back.

The payoff will not change as it is based on the residual value (currently 62% @ 10k/36 month). However the MSD's can be used as partial payment toward the payoff.

Something to consider if using MSD's, it is a good method to lowering the money factor. But if you opt to transfer the lease, you would need to reconcile this with the new leasee. That is unless you plan on giving up all of your MSD's.

For the quantity, max MSD's is 8 (1 required plus 7 optional). Each optional reduces the m.f. by .00007. All would be required to reduce the payment by (roughly) $50.

Makes sense and seems like a no brainer. When i go down to the dealer I will get more info and report back but it seems like this is the way to go.