Quote:
Originally Posted by mf44
Interesting factoid: New York law basically prohibits MSDs. So, if you are looking to use MSDs, you cannot use any NY-based dealer. This is dependent entirely on dealer location, NOT on registration location. In other words, you can register a car in NY with MSDs with no problem, but it still needs to be purchased at a non-NY dealership.
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Didn't know that. Very helpful to know when shopping around.
MSDs seems to be a pretty good deal despite banks doing 4-5% interest on savings account these days. On the other hand, one time payment for 0.0003 MF reduction seems like terrible deal compared to MSD based on quick dirty calc, so I didn't bother asking about one time payment availability in NY dealership