In Reply to: Re: lease figures help! posted by Ko on October 19, 1999 at 22:42:58:
I agree with Ko: do not do a cap reduction. You will be paying out-of-pocket anyway (first, lease fee, GAP, whatever).
The best reason for no cap is if your car gets stolen or totalled the moment you take it out of the dealership, you will loose that cap money. In addition, I believe that it would be better for you to use that money now for something else.
Number-wise, I leased my 99 323i in April with a residual of 68% and money factor of .00304, which was then a rate by BMW FS for 36months/10k per year.
I believe that someone has estimated that every $1000 towards cap reduces the lease payment for about $30. Consequently, your car would be leased for $477 if no money down, which is more than I pay for my Bimmer (MSRP $34,220). You may try to negotiate your lease down.