Quote:
Originally Posted by Sinister Crayon
I leased using about $4000 in security deposits. The MSD program means that you can put down up to 7 security deposits to buy down your MF a small amount. It's a lot less than the amount you'd get off by putting a down-payment on the car, but at the end of the lease you get all that money back. With a down-payment you lose it.
Generally, I'd recommend going the MSD and zero down payment route (so long as the approval goes through). In the event the car's totaled you won't be out that money. Yes, the monthly payment will be a tad higher but there's less risk of loss.
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What's the MSD program now?
I guess I didn't think about the car being totaled part.. I have loan/lease payoff on my insurance but, then that initial down would be gone.. I didn't think about that.
That's a hard decision though because if I put that much down in the end.. I would have paid less due to not having to pay interest on all that.. but then again, I up the risk factor.