2021, BMW, M440i xdrive
Location: Queens, NY
Monthly payment (pre-tax): 813.22
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
also almost forgot @Phantomcypher this looks like your type of deal
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.