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Developer Hopes To Get Mileage From BMW Offer

By Sandra Fleishman
Washington Post Staff Writer
Tuesday, April 25, 2006; Page D01

Forget about free plasma TVs, gift cards or upgraded cabinets. What about that free BMW Z4 Roadster that just popped up in ads for a new Fairfax County condo?

"Ask how to receive a FREE BMW Z4 Roadster or 325i,*" says the ad in newspapers and on the Web for Legato Corner, a six-building complex being built near Fair Oaks Mall by Texas developer Fairfield Residential LLC.

Builders are using more incentives in a softening market, but a car is a rarity. It's "definitely different, and much more eye-catching than just saying 'no condo fees for a year,' " said Tim Liu of condo guide DClofts.com.

But hold your horsepower. Developers of the 202-unit complex aren't actually giving away the $38,000-and-up sports car or its $32,000-and-up four-door cousin. Buyers of two- or three-bedroom units get a free two-year car lease, according to a sales representative who said she was not authorized to comment publicly. Two-bedrooms start at $356,900 and three-bedrooms at $408,900, according to the complex's Web site.

While that's not quite the same as getting a Beamer, it's nothing to be sniffed at. BMWs lease for around $400 a month for 30 or 36 months, with a $2,500 down payment plus taxes and tags, said Alberto Zamorano, a salesman at VOB BMW in Rockville.

No word on whether Legato Corner's sales have gone into overdrive. Sales staff members deferred questions to marketing company McWilliams/Ballard, which did not return calls seeking comment.


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