[Steve Carlton]

The best leases are the below-market "subvented" programs through the manufacturers. No one else has a reason to offer the money at below market. However, if there's dealer cash or a rebate alternative, sometimes going to a non-factory lease can be better. I'd think chances are good that BMW has the best program. Also, factory leases tend to be the most consumer friendly. They're less likely to chisel you at the end over damage to the car.

My suggestion would be to call a few local dealers and ask for the fleet manager. He should be able to handle a lease for you without the nonsense you'll get from a salesman, as he should be authorized to make his own deals. (I'm speaking from experience in CA). Cut to the chase and ask him what price relative to invoice will he lease the car at the "buy rate" (their cost on the money). Ask what the buy rate is. You'll almost certainly get a better payment if you pay a few hundred more for the car and lease it at the buy rate than for less at a marked up rate. If he has to mark it up, ask him by how much. A quarter point is fairly acceptable. More starts to suck. Whatever the lease factor is, multiply it by 2400 to get an approximate APR equivalent. Ask if multiple security deposits lowers the lease factor. I've seen generous reductions in this regard.