Year, Make, Model, and Trim: 2020 BMW M550
Location: central New Jersey
MSRP: $79,880
Monthly payment (pre-tax): $546
Effective monthly payment (if incentive is provided): $821
Current mileage: 7300
Maturity mileage: 20000
Effective miles per month:1270
Maturity date: 01/07/2022
MSD due (if any):3850
Cash due (if any): 2750
Incentive for new lessee (if any): N/A
Financial institution: BMW FS
Transfer fee: $500 plus tax
Out-of-state transfer allowed (yes/no): yes, but I believe you will need to pay tax if it’s outside of nj.
Vehicle condition (accidents, tire wear, etc.), options, and other details:
car is in great condition. It was an initial 24/10k per month lease. Didn’t drive it much due to working from home since March 2020. Adding pictures below. Reach out to me if any questions. You will have 1270 miles per month for the next 10 months.
20% tint all around. Windshield is 50% tint.
Next due date is March 28th and the final payment date is December 28th. I had changed the payment date online and therefore lease end date and payment date don’t match.
Total due is $6,600 but you will get back 3,850 at the end. I believe bmw also let’s you extend the lease for a couple months at the end. If you decide to do so your payment for those extra months will be $546 per month.
Photos:
. (Background, Mike custom ordered a LCI 21 M550i without HUD).
