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July 2005 Entries

Jul21

Getting new lease on life - Fast track to transfer deals





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When William Mitrus' son was born a couple of months ago, he knew it was time to ditch his BMW Z4 - a two-seat roadster that was tons of fun but just too impractical for a family of three.

But the Freeport, L.I., chiropractor still had a year left on his three-year lease, and returning the car early would mean eating the remaining $5,976 [$498 a month] on the contract, plus penalties. He got no sympathy from the local BMW dealership he had dealt with.

"I offered to roll r...

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