2021, BMW, M440i xdrive
Location: Queens, NY
MSRP: 67,425
Monthly payment (pre-tax): 813.22
Current mileage:
Maturity mileage: 36,012
Maturity date: 03/24/2024
MSD due (if any):n/a
Cash due (if any): n/a
Incentive for new lessee (if any): n/a
Financial institution: bmw financial
Transfer fee: 500
Out-of-state transfer allowed (yes/no): yes
Assuming $.30 per mile and that person would also drive roughly equivalent to 10k a year for rest of the term, that’s gonna be about 3250 in overage charges if not buying car out.
So effectively $1063 per month for no miles and $0.30 a mile usage?
If you amortize the transfer fee over 6 months, it’s actually an effective $1,146/mo+tax until lease end, assuming you never drive a single mile.
Assuming you transfer into this to buy out and never drive it, you’ll just owe the $46k residual + $7k in payments (plus taxes) to buy it out.
GLWT, OP. Hope you find the generous soul you’re looking for.
moment before OP made the post
Ouch dude. HN308 has the CV version for 100 bucks less for a brand new one.
But does it have negative mileage allowance? Can’t put a price on that.
is this true?