2020 BMW X3M Lease Transfer $887/mo inc tax in IL

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Year, Make, Model, and Trim: 2020 BMW X3M

  • Donington Gray Metallic
  • Black extended Merino Leather
  • Driving Assistance package
  • Executive Package
  • 21" Wheels
  • Front ventilated seats
  • M Sport Seats
  • Panoramic Sunroof

Location: Chicagoland, IL

MSRP: $80,545
Monthly payment (pre-tax): $1087
Effective monthly payment (if incentive is provided): $887

Current mileage: 5,202
Maturity mileage: 36,012
Effective miles per month: 1000
Maturity date: 2/1/23

MSD due (if any): $0
Cash due (if any): $0
Incentive for new lessee (if any): $6,000

Financial institution: BMWFS
Transfer fee: $500
Out-of-state transfer allowed (yes/no): yes

Vehicle condition (accidents, tire wear, etc.), options, and other details: Like new. Tires are 6/32.

I called the IL SOS and they said as long as the leasing company remains the same, then no additional taxes are required if it’s re-plated in IL. This is from a guy on the phone fwiw.