Each MSD is the monthly payment (post-tax) rounded up to the nearest $50. A maximum of 7 security deposits are allowed. So if it’s $1,750 MSD, then the monthly payment post-tax is somewhere between $200.01 and $250.
Comes out to $209 with tax at 36 mo and 66% vs $193 at 24 mo and 72% ? Am I doing something wrong… prefer to do 24 mo with the MSD so I can get out sooner, but would consider 36 if its a lot lower
If I’m understanding you right, you have to put down an extra $350 of deposit because of the rounding up from $204? Would be a good time to say I’ll do the deal if you take off $100 more, saving you the extra $350 deposit? Just an idea.
Looks like the sales rep messed up (benefit of the doubt)… finance guy said $1400 deposit + $1000 for drive offs, which threw a red-flag.I said drive offs should be around $640, they checked the numbers and the numbers worked out to what the calculator offered so thanks @michael (no bug) … They rectified it and getting it for $2040 ($1400 msd and $640 title+reg+doc+1st mo) with $193.90/mo
Wow, that’s a great deal! And it’s brand new?
If you could please name the dealer (if you’re on the west coast) and screenshot the papers I’ll like that post too