Quote:
Originally Posted by Richard Cranium
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?
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It sounds like you have the math right. It seems like Canadian pricing is crazy high, which is diluting the benefit. $20k divided by 9 MSD's is over $2k monthly payment?!?!
In the US we're capped at 7 MSD's. So I'm putting down $9,800 to save about $77 a month, or $924 a year. That's a 9.4% return. It's a little lower than my earlier post given the change in residual value.
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