Quote:
Originally Posted by leasehackr
TurtleBoy so what happens if the leased vehicle gets totaled in the first year or after? Does the insurance company write the check for the 100% outstanding balance to BMWFS?
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No, not the outstanding balance but rather the actual cash value of it. That is why you don't want to put a large down payment down because any "equity" will be kept by BMW. Any shortfall is covered by the lease's built in GAP coverage.