MY20 X3M Competition $84.4K Black/Black - 742 Miles - $654 pre-tax monthly $1500 Upfront + MSDs + BMWFS Transfer Fee

Private Transfers
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TRANSFERRED 10/2 - Late September likely timeline to complete transfer - Will take BMW FS 3-4 weeks to process transfer once person who is assuming is approved - this based on FS information and current timeline for 640 GT that I am transferring.

** Transfer process can start now, but late September for completion is estimate because of BMW FS COVID backlog.

Year, Make, Model, and Trim: 2020 BMW X3M Competition
Location: South Florida

MSRP: $84,395
Monthly payment (pre-tax): $654
Effective monthly payment (if incentive is provided): $654 N/A

Current mileage: 742
Maturity mileage: 30052
Effective miles per month: 945 - vs. 833 if doing a new 36/10 lease
Maturity date: May 2023
MSD due (if any): $4900 - will discount to $4550 to cover lease end disposition fee
Cash due (if any): $1500 + MSDs
Incentive for new lessee (if any): $350 on MSDs for Disposition Fee coverage

$6050 total due to me + BMW FS Transfer Fee ($500 to them) - $4900 MSDs Refundable at Lease End to person assuming the lease.

Financial institution: BMW FS
Transfer fee: $500 ($100 Application/$400 Transfer)
Out-of-state transfer allowed (yes/no): Yes

Vehicle condition (accidents, tire wear, etc.), options, and other details: Perfect - as new. Will post Window Sticker. Fully optioned X3M Competition. Black Sapphire/Black Extended Merino Leather.
Ventilated Seats/Driving Assistance Plus/M Competition Package/Executive Package/21" 765M Bi Color Wheels/Continentals. No Test Drive requests please - vehicle is not fully broken in (until 1200 miles).

36/10 Lease signed on 5/5/20 - registered currently in Florida. X3M will continue to be driven until transfer. Transferee is also responsible for proration of monthly payment if transfer occurs before or after 10/5 payment pull from FS

ORIGINAL LEASE DEAL

Year, Make, Model, and Trim: MY20 X3M Comp
MSRP: $84,395
Monthly Payment: $654+ FL 7% monthly
Drive-Off Amount: $3730 + MSDs
Months: 36
Annual Mileage: 10K
MF: .00118 pre MSD .00083 POST MSD
Residual: 57
Incentives: $3500 Lease/$1500 Loyalty/ $500 1st Payment Credit/$500 USAA credit was in and then removed as M COMP models are excluded.

Region: Southeast
Leasehackr Score: 9.5+
Leasehackr Calculator Link: Will post - Should be close - DAS is off by <$300

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5 Likes
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Can this be transferred in the first 6 months?

Would you know if this is registered in FL would there be any taxes due?

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Can be transferred in the first 6 months with no issues

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Aboudin is correct. It is eligible. I spoke with BMW FS yesterday and they confirmed. It shows in their system.

On the tax front, I do not believe so - but better to confirm with FLDMV. Your monthly tax (if in FL) would be 6% plus any additional percentage for your county or municipality uplift.

5

Solid deal OP. Should go fast. Wish things like this would pop up in Los Angeles!

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FL to FL transfers are a breeze, I have done a few of them with BMW. The DMV won’t even need to see the car✔️. For an out-of-state transfer they do, as they want to verify the Vin.

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that is exactly how it has gone on my end for any in-state transfers. The base 6% sales tax remained, and if there was a change county to county (based on registration addresses) that additional tax amount would either be added or deducted.

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Amazing deal OP. GLWT

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That’s cool…
2 questions If I may…
And then my tax would be assessed ontop of the base payment ?
Do I need a FL license or if I had a seasonal residence can I register it there?
Thanks so much

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Didn’t love it?

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Really do love it - super tight and fast, but my wife wants to go a bit bigger after having had 2 X5s. Want to transfer it while it is ‘new’ and gives transferee better monthly effective mileage allowance (and a really good financial deal) than doing a new from scratch 36/10.

2 Likes
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Bump for a lovely car!

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PM sent! I edited my post and will discuss privately.

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Great Deal. GLWT bud. I’m guessing the M8 is kicking her out of the house :grin:

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Hey Mani - great to hear from you! Still waiting for ‘top down’ weather for the M8. As you know, its been a steam bath here in SoFla :upside_down_face: I’m loving the M8 more every day. Hard to believe a car so heavy can be so fast…

The X3M is awesome but my wife wants to go with something a bit bigger - so looking at X5 m50is, X5Ms, and SQ8s. Not sure what we’ll do, but going to take a little time to decide…

We still need to grab that cocktail when things cool down - weather wise and on the COVID front.

1 Like
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I hear you on that. Got head spins a few weeks back while driving with top down lol This heat and that speed, not a good combo. Enjoy Sir and yes will plan a meet up soon.

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PMed you last night! Hope to speak soon :slight_smile: