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Your wrong on every point- no offense. (archive)

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Posted by JoeZaf on October 23, 2000 at 10:39:44:

In Reply to: Just say NO.... posted by Carl B on October 23, 2000 at 10:12:44:

"Now you are trying to buy a car you initially leased. Not because you want to keep it, but because you want to resell it. Did you terminate the lease early? Why not just turn it? Are you doing this to capitalize on a higher than expected residual value?"

First of all, I had to sell the car because the owner is moving out of the country. Second of all, the price was definately right because we had an overwhelming response to our ad in the newspaper. Essentially, as I've repeatedly said, I do not lease unless the lease deal works out better than financing. At any given point I could have purchased the car and the lease payments plus the residual was less than MSRP including tax. So please do not argue the merits of leasing vs. purchasing with me. If you know what you are doing and willing to put in the legwork, leasing can be far more advantagious than purchasing.

"This was obviously a clerical error, these happen all the time. Most leased vehicles are turned back in. I think your transaction with them is more of an exception and therefore more prone to error. If you are going to run your own car dealership, get used to it."

First of all, the dealership had nothing to do with this error. The whole transaction was done with BMWFS who does this all the time. Even if only 20% of leased BMW's are bought out thats still AT LEAST over 20,000 vehicles a year. clerical errors BTW, occur when someone messes up your paperwork. Here, someone actually swore before a notory while "supposedly" looking at documents which OBVIOUSLY didn't match. If you characterize making a false statement under oath as a clerical error." I think you must have a few friends at the whitehouse.

"Remember, you leased it. The car is their's, not yours. As for your buyer, did they know that you were selling them a car you didn't own? I hope you didn't make them give you a deposit."

First of all, BMW is contractually bound to sell me the car at any time I so request during the term of the lease, so, while BMW may "own" the car, I have an option contract which I, exclusively, can exercise at any given time. Its not like I was trying to sell a car I rented from enterprise. I am quite sure you do not understand the full mechanics of leasing. Secondly, I did inform the buyer(s) of the situation, I then took a deposit, after informing them that I would only purchase the car once I had a firm committment from them to pay the balance upon receipt of title. Once they so agreed, I took a very small deposit, and promptly purchased the car. I received title within 5 days. Hence, the contract would have been completed without delay if not for BMW's egregious error. Thankfully, I was able to rectify it on my own and the deal is going off without a hitch.

"Don't take this personally, but I just can't sympathize with you on this. I think you had a hand in making this bed. "

I have no idea what this means or what you are accusing me of. I can assume you are stating that I was a badboy for leasing a vehicle and then exercising my option to purchase it. Well, shame on me.

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