multiple security deposits??
Thread Starter
Newbie
Joined: Jun 2014
Posts: 9
Likes: 0
2013 ML
multiple security deposits??
Anyone have experience with multiple security deposits on a MB lease? I tried to do this during my last lease but the finance person told me that I could not qualify for this because I was receiving the top money factor rate. Not sure if that is a valid statement or not. Im dealing with a dealership in MD; apparently it can differ from state to state.
Thread Starter
Newbie
Joined: Jun 2014
Posts: 9
Likes: 0
2013 ML
I was told that because I qualified for the super tier money factor, that I was not eligible for multiple security deposits. I assume based on that statement that if my credit score only qualified me for a money factor one or two tiers below, then I would be able to use MSDs to lower my money factor.
Super Member
Joined: Aug 2012
Posts: 595
Likes: 38
From: Boston area
2019 GLS450
I was told that because I qualified for the super tier money factor, that I was not eligible for multiple security deposits. I assume based on that statement that if my credit score only qualified me for a money factor one or two tiers below, then I would be able to use MSDs to lower my money factor.
