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      10-03-2012, 01:10 PM   #14
emmfiv3
First Lieutenant
3

 
Drives: whenever I can.
Join Date: May 2012
Location: CA


Posts: 355
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Quote:
Originally Posted by Patsc23 View Post
Is each deposit a cap cost reduction or a refundable deposit? And what is minimum of each deposit?

I guess im confused with why there are multiple deposits.
They are refundable deposits. They are not cap cost reductions.

I think BMW is figuring that if you are willing/able to put more cash in the deal to cover any future damages/defaults, you're more likely to keep the car in good shape and make your payments. They reward you with a lower money factor.