Hi, I am about to sign up for a lease through BMW FS. I am trying to figure what my options would be if I needed to end my lease. In the lease contract it says, "I may terminate the lease at any time by purchasing the vehicle, see section 25".

Section 25 says, "Prior to the end of the lease term, the purchase price will be the adjusted Lease Balance"
Definition of Adjusted Lease Balance is: "The Adjusted Lease Balance is determined at any given time by subtracting the scheduled Base Monthly payments received through the early termination date from the Adjusted Capitalized and adding to the difference the cumulative rent charge received through the early termination date".

So, let's say I terminate a lease by purchasing a car after one year into the lease, on a 36mts lease and my monthly payment is $460, this would mean that:
Adjusted Capitalized cost (purchase price of car minus down payment, etc.): $32000
Base Monthly payments received through the early termination date: 12 * 460 = $5520
Rent charge: approx. $100: 12 * 100 = $1200

So the adjusted lease balance should be (what I would pay to purchase the car): 32000 - 5520 + 1200 = $27 680

My question is:

Is my example calculation correct? Just want to make sure I understand it correctly.

Thanks,
David