SGolub

I'd like to know how much you save by doing either the Prepay Plan or the multiple security deposits. Any info would be appreciated.

allroad'Ed now

you get a reduction in the money factor. In a former life, I created marketing programs for a large national lease company. Our prepay (we called it the single-pay program) effectively offered a rate reduction of .001 (or roughly 2-1/2 %) off the published money factor. So if you had a money factor of .00240 (approx 6%) you wouold reduce that by .00100 to .00140. On a $40K car, on a 36 month lease, it could save you as much as $50/month or $1800 by prepaying.

Multiple securities would typically lower the money factor .00005-.00010 per each additional security deposit you ofer. We used this as a way of approving a lease for someone who didn't qualify for our lease because their credit score was close to, but not high enough to qualify. The extra securities just gave us a comfort factor. Didn't make us any $$ and it was usually a wash with the comsumer, since they lost income potential on the money.