Unbelieveable!!! So you had the ED experience but no car???

Did the ED cost you anything (from BMW)??

If you're in the market for a car, I just negotiated with 5 dealers in GA (including Atlanta), NC, and SC. I got mine for $1000 over invoice. I see you are in Atlanta. PM me and I'll give you the saleman's/dealer name.

I'm doing the VPC delivery--- you should think about that too since it is so close. Because of that, it didn't matter to me where the dealer was located.

 

Final update:

Dealer waived security deposit.

The only thing about the deal I didnt like was the higher residual, 74% instead of 71%, just makes the buyout option more by about $2k.

For those new to leasing, leaseguide.com is the best resource on the internet. Had I not studied this site
and the way leases are calculated I would not have been able to pick up on the dealer lowering agreed price but raising MF and vice versa. Will give another dealer a chance on my next ED car in 2yrs...

Time to enjoy the car....

 

Unless you are buying a car for business purposes I don't understand why people like to lease. Just gives the dealer 50 other ways to screw the customer. There are some tax advantages for leasing for business otherwise you are looking for trouble.

 

There are reasons not to lease a car, but the above is not a reason. Leasing isn't voodoo magic. All you need to know is the residual and the lease rate.

When you begin negotiating and the salesperson asks how you are going to pay for the car, say it doesn't matter. If you've done your homework, you'll already know what the rate and residual is, and assuming you'll stick to your predetermined price, you'll know exactly what your payments are.

 

Its all about leveraging your money! A lease deal can be a good thing if the money factor (ie. finance rate) is good. You have 3 options, pay cash, lease, or finance. All three have a relative cost. For example, if the purchase price is $50,000, and you pay cash, the cost to you, is what you could have earned investing that cash, less any taxes on the gain. So, if a lease rate is offered at lets say 4%, and I think I can earn a 7% return on my money, it makes more sense to take the lease at 4%, invest the money at 7%, and pocket the difference less taxes.

As for a Leave vs. Purchase Finance, the issue then becomes both finance rate, and what you plan to do w/ the car after the end of the lease. Generally lease rates are less tahn purchase rates, but if you plan to purchase at the end of the lease, you need to know if you will pay cash or will need to finance it, since finace rates for used vehicles are higher tahn for new vehicles.

So it all depends on the situation!