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      10-03-2012, 01:42 PM   #15
AGS
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Drives: 2013 F10 M5
Join Date: May 2012
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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.
The deposits are refundable, and each deposit is equal to 1 month's payment. Since having this security deposit reduces the credit risk to BMW FS they offer a reduction to the MF for each deposit. Plus they invest the cash and make a return on it while they're holding it which offsets their cost as well.
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Current: 2013 Monte Carlo Blue F10 M5 (ED on 9/1/12), 2014 Anvil Willys Wheeler Jeep Wrangler (weekend toy)
Previous: 2009 Carbon Black E60 M5, 2006 Silverstone II E60 M5, 2003 Sterling Grey E39 M5, 2000 Anthracite E39 540i6, 1998 Jeep Grand Cherokee 5.9 Limited, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7
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