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Discussion Starter · #1 ·
NJ Dealer has included a $550 refundable security deposit in my lease.....when questioned he said the following:

-is required per GMAC
-no interest in paid on balance
-can get rid of it in one of two ways:

1. increase base lease rate by 0.5% or
2. buy lease insurance from them (covers $1,500 of stuff like excessive wear and tear when returned)

Anyone else have similar experience?
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