If I opt for a new car at the end of the lease term will the security deposit be adjusted in the new cars financing?
The security deposit you pay is offset against your dues for this facility only and cannot be returned or adjusted in the new car’s financing. The amount of security deposit you pay has a direct effect on the finance amount that you will pay off during the lease tenure i.e. the security deposit is deducted from the car’s remaining value thus lowering the finance amount. When you opt for another vehicle at the end of one facility, it will be a fresh facility with its own security deposit requirement.
