Thread: Help, please!
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      02-27-2013, 03:16 PM   #4
nicknaz
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Drives: C6Z
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Consider using the month as a multiple security deposit to buy down the money factor rather than as a cap cost reduction (aka rent pre payment).

If the car is written off you won't get your cap cost reduction back.

Also, try to get the purchase price lower since that is the biggest lever available to you to get the cost down. Try to get ~10% off the msrp ?

In my experience the residual is tied to the mileage limit and the contract term and I haven't been able to negotiate that.

One other thing to try is go with 10k miles per year limit and buy extra miles at the end if needed. I believe this reduces your tax burden each month too because the Chicago tax is based on the monthly payment.
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