Quote:
Originally Posted by sirploppy
I and a few othere here got in on $700 leases back in Jan-March of 09. BMW bumped up the residual and gave $7500 trunk money on an already heavily discounted car. My money at signing was like $2k, which included firstmonths payment, fees. So it was like $700 down. I never think it well to put money down on lease.
The jist of the story is BMW is not going to make this mistake again. They pulled way back on production. My local dealer ran out of 2009 M3s a few months ago, people having to wait a while if they order. You are not going to get a new M3, especially an E93 for well under $1000/mo without substantial money down any time soon.
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Yes, those were the dates of the "perfect storm." I purchased my car in March, when I sensed they were going no lower and about the time the remaining 08s started flying off the lot. About a month later, they were largely gone.