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Another good deal here... (archive)

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Posted by Bill on April 17, 2000 at 12:07:17:

In Reply to: M Coupe residual values posted by Merc on April 17, 2000 at 01:03:06:

: I attempted to lease an M Coupe over the weekend and among other things (no discount off MSRP!), I was a bit baffled by the residual value the dealer used in his lease calculations. He claimed the car would be worth 60% of MSRP on a 3 year / 15k mile lease (~25k).

: I have done searches in the archives and this seems pitifully low (by 7-9%???). The deal he offered was based on BMW FS residual values. Are his pockets being lined by BMW FS? Any feedback would be much appreciated!

I leased my 2000 M Coupe for $578/mo.(w/taxes of 6%) for 2 yrs at 15000 miles/yr. Cap cost was 38755 ($0 markup) and apr was 6.5%(was a promo from BMW financial).$1991 for fees etc. but $0 down.

If I wanted I could have done a 3 yr/15000 miles for $504(w/o taxes) or bought the car for the $38755 invoice. All options as they were invoice priced too. Ted at Carbone BMW up in Utica, NY was my sales, but I found this deal via Steve Diamond's website at I really believe this is one of the best deals period.

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