Looks like a real crappy deal, but impossible to tell with the details provided:

-any trade in equity or deficit to roll into the new lease?

-taxes, fees?

-residual seems very high for 36/15K - s.b. more like 55%

-money factor? on an '09, probably high, like 0.0027

Even with all this, you'd still get a payment that is much lower than $960

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2008 X5 4.8i, Jet Black, Tobacco Nevada leather & just about everything else (no vent. seats, no 3rd row)