OUCH. That'd better be at least for a 4 yr term. Crappy rate and crappy resid. My E92 335i lease is 3.9%/60% and I got a 5% discount to boot. With the 1er economics, I'm definitely out until next year at the earliest.
If the resid is 50%, that says a lot about how many 1ers BMW intends to push out the door over the next 3 yrs.