Is this a fair Trade Assist ?

I am in the process of doing a buy back or trade assist as BMW is calling it. I have an X1 for 14 months which I purchased for $41K. The Trade assist terms are as follows, the dealership is giving me $30k (kelley Blue Book list the value at $32k) and BMW is giving me $7K for a total of $37K. They are also allowing me to go from owning to leasing. Does this sound like a fair buyback amount, or should I be getting more back for my current X1? Also living in New York I am being told that the Tax I paid on my original purchase is basically a loss to me. Does anyone know if this is correct?



PS: BMW is doing this because the X1 has been out of service for more than 30 days in a year and they admittedly can not resolve the problems. Interestingly enough the manager I'm working with mentioned he is working on 3 Trade Assist deals currently.