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      10-03-2012, 03:19 PM   #16
PatrickC23
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Quote:
Originally Posted by AGS View Post
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.
Interesting stuff. So am I correct in equating ED with 7 security deposits to be appx 3.02% financing?
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