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      10-03-2012, 02:42 PM   #15
AGS's Avatar

Drives: 2016 F10 M5
Join Date: May 2012
Location: NJ

iTrader: (0)

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.
Current: 2016 Silverstone M5, 2014 Anvil WW Jeep Wrangler
Previous: 2013 Monte Carlo Blue M5 (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7