Quote:
Originally Posted by sarafil
Quote:
Originally Posted by PhoenixWolf
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)
|
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! |
Have you ever done a one pay lease through BMW? I have. I also worked for a BMW dealer for 8 years and did them for many other people. I'll trust my knowledge over yours, but thanks.
One pay is very different from a cap reduction. You are right that you risk losing cap reduction, but a one pay works differently. |
Trust whatever you want. I'm saying anyone that wants to know about this should ask BMW financial and their insurance company. I trust them more than your word.