Quote:
Originally Posted by sarafil
Your facts are wrong for US too. On a one pay lease, the amount you pay is not treated like cap reduction. Instead it works like escrow, your account will show a credit balance and they will draw a payment each month. If the car is totaled, they will refund the unused portion.
(I've actually done a one pay lease through BMW so very familiar with how the billing worked and what the contract said)
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I'm sorry but respectfully what you said is not true for the USA. If the car is totaled you do not get any unused money back. I called BMW finance and asked them this question last year and they told me so.
I would suggest anyone that needs clarification to please call BMW finance and their insurance company to an official answer. As far as I know paying the full lease upfront is not a good idea for the reasons I alluded to earlier. Cheers!