Quote:
Originally Posted by plopez12808
Sorry for the ignorance how do the MSDs work and what's the advantage?
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MSDs or multiple security deposits are deposits you can make (usually your monthly payment rounded up to the nearest $50) that reduce your MF which is pretty much your interest rate for the lease. Each deposit you put down will get you a certain amount of MF reduction saving you money on the lease so you can make 1 deposit up to 7 deposits. The MSDs are due at the time of lease signing along with any other down payment being made. At the end of the lease you get the MSDs you put down back.