Originally Posted by Patsc23
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.