Lease:Is there Multiple Sec Deposit option for Audis?
08-27-2003, 08:38 AM
#5
April is wrong again :-D j/k
Both VWF and AFS has it.
Multiple Security Deposit Option
<i>AFS offers reduced Rent Charge Factors when more than one security deposit is collected on the same contract.
Reduce the rent charge factor .00008 for each additional security deposit. Collect up to nine additional deposits over the initial required security deposit for a maximum of 10 total security deposits.
The total allowable security deposit(s) in New York is $749 Multiple Security Deposit Discounts are not available with a Pre-Pay Lease. The minimum Rent Charge Factor may not be less than .00005 and cannot exceed five decimal places.</I>
All you have to do now is run the numbers and see if it is worth it to put that much money down or not (ie. can you get a better return on your money somewhere else?)
Multiple Security Deposit Option
<i>AFS offers reduced Rent Charge Factors when more than one security deposit is collected on the same contract.
Reduce the rent charge factor .00008 for each additional security deposit. Collect up to nine additional deposits over the initial required security deposit for a maximum of 10 total security deposits.
The total allowable security deposit(s) in New York is $749 Multiple Security Deposit Discounts are not available with a Pre-Pay Lease. The minimum Rent Charge Factor may not be less than .00005 and cannot exceed five decimal places.</I>
All you have to do now is run the numbers and see if it is worth it to put that much money down or not (ie. can you get a better return on your money somewhere else?)
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