Year, Make, Model, and Trim: 2020 BMW 430xi with Convenience package, Heated Seats, Steering, Navigation, Sunroof.
Color : Black on Black
Location: Dearborn, MI
MSRP: $51,035
Monthly payment (after-tax): $447
Effective monthly payment (if incentive is provided): $447 all in
Current mileage: 13,800
Maturity mileage: 39,850
Effective miles per month: 1040
Maturity date: 04/30/2023
MSD due (if any): $3,500. This is the security deposit that BMW financial will refund at the end of the lease to the lease holder on record at the time of lease termination.
Incentive for new lessee (if any): $2000
Cash due (if any): $0
Financial institution: BMW Financial
Transfer fee: $500
Out-of-state transfer allowed (yes/no): Yes
Vehicle condition (accidents, tire wear, etc.), options, and other details: The car is in perfect condition
That is what I understand it to be with 2K incentive.
The effective payment now drops by $80/mth with the 2K incentive spread over the remaining 25 months.
The monthly payment should now effectively become $447-$80(incentive) to $367 with Zero due at signing. The person taking over the lease just pays MSD which comes back to them at the end and the lease transfer fees.
