I’m new to the forums but I think I have a good grasp of what’s going on except for when I see lease deal that has DAS (due at signing) and MSD what is MSD? and it something I have to pay in addition to DAS signing. For example if a car has 1300 DAS and 2400 MSD I have to pay both to lease? Any help would be appreciated.
MSDs = multiple security deposits. Fully refundable at end of lease and are used to bring down the interest rate.
So, if a car has $1,300 DAS and $2,400 in MSDs, you would pay $3,700 at the start of the lease. Then, at the end of the lease, you’ll get $2,400.
FYI, the search function on this forum/Leasing 101 are extremely helpful in terms of answering these sorts of queries.
Thanks for your help.