BMW Letting U.S. Lessees Skip Payments in October Offer

http://www.bloomberg.com/news/2012-10-12/bmw-letting-u-s-lessees-skip-payments-in-october-offer.html

Bayerische Motoren Werke AG (BMW), falling behind Daimler AG (DAI)’s Mercedes-Benz in U.S. luxury auto sales, is introducing an incentive program through the end of this month that lets lease owners skip payments if they buy a new vehicle.

BMW is mailing offers to current lease owners of most of the vehicles in its 2010 model-year lineup that allows the customers to waive as many as three payments to buy a new or certified-used model, according to an Oct. 10 notice sent to dealers. The program, through BMW Financial Services, runs through Oct. 31.