"Multiple security deposits" program for lease
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Audiworld Junior Member
Joined: Jun 2007
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"Multiple security deposits" program for lease
Hello. This question is for US owners. Does anyone know if Audi in US has a "multiple security deposit" program for leases as BMW has? BMW allows a customer to place multiple (refundable at the end of the lease)security deposits that works to make money factor less and as result makes your lease payment less.
AudiWorld Newcomer
Joined: Jul 2010
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Bumping this up here as I'd like to know as well if Audi offers a Multiple Security Deposit program like BMW does. I did find the following posted in another thread from 2003...
https://www.audiworld.com/forums/sho...urity+deposits
Multiple Security Deposit Option
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.
...But I don't know if this still holds true. My experience with BMW dealers is that they usually don't understand the program and we (the buyers/forum folks) need to explain it to them. Any help from anyone would be appreciated.
https://www.audiworld.com/forums/sho...urity+deposits
Multiple Security Deposit Option
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.
...But I don't know if this still holds true. My experience with BMW dealers is that they usually don't understand the program and we (the buyers/forum folks) need to explain it to them. Any help from anyone would be appreciated.
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