Quote:
Originally Posted by VPM5
When taking ED under a lease, when does the actual term of the lease begin...at delivery in Munich or at your local BMW dealer once delivered in the US???
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At delivery in Munich. That's when you "take ownership" and thus avoid the excise tax (hence the better ED pricing). In exchange, BMW FS waives the second lease payment for you since the car is "on the boat". However, don't go thinking BMW FS is being generous. The ED money factor is bumped .0003 to compensate for this waived payment, so in effect they are taking the second payment and spreading it over the remaining payments.