Quote:
Originally Posted by nv6425
Agreed, the $5,950 in MSDs I put down netted a 12% return annually, good money no matter how you slice it!
Yes, my assumption was just completed by BMW FS and I'm just waiting on a check from the transferee for the MSDs and then I will release the car to him.
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I'm a little slow but I can't seem to figure out how the MSD would pay anything that substantial in terms of a return.
Here in Canada we can put up to 9 MSD's which would work out to be almost $20K. In doing the rate falls from 5.9 to 5 saving $63/mo or $756 per year on $20k "investment". That's around 3.8% after tax or just under 7% before tax.
Am I missing something?