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      06-11-2013, 03:07 PM   #104
phx08
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Drives: MKV Jetta
Join Date: Sep 2006
Location: PA

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Quote:
Originally Posted by darrena View Post
Much appreciated, yes I was just reading about MSD's now based on your suggestion and it is very interesting. So paying the $5250 towards the MSD's puts my payment at ~$455. Putting it towards the principle makes my payment ~$379.

So the breakdown is:
With down payment we pay: 13644+5250 = 18894
With MSD's we pay 16380 but get the 5250 back at the end so we pay 11130.

That seems like too good of a deal to be true... Almost makes me want to change up and lease on my car...
Nope, that's right. You get the money back at the end of the lease unlike a cap cost adjustment where you are making the payments in advance...that is why that brings your payment down so much more as you are dividing less cap cost across the term of the lease.

Also:

That MF is way too high. Get that down to what its supposed to be (.00127)
Doc fee is way too high as well, again I assume that whoever is "documenting" isn't spending 8 hours to do it. Even if they did they're getting paid $40/hour ($325/8 hours) to do it? ....Get me that job please.
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