Is this a good deal?

[albertM3]

I lease a 2010 M3 and I getting ready to sign on a 2011 X5d.

MSRP 66.625 and dropping the price to 62,625. I have a negative equity on my trade of 3,415 and applying the 4,500 credit towards it. Then rolling over the 1,085 left over from the credit towards the car and dropping the price to 61,540. A 36 month lease at MF .00210 and residual 56% with 15k mile.

Also, I understand I will be able to apply for a 1,800 credit when I file my taxes.