View Single Post
Old 07-16-2018, 07:01 PM   #15
SARAFIL
I like BMWs
 
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,782
Quote:
Originally Posted by Josh (PA) View Post
Sort of off topic, but how does insurance handle a totaled lease? Do they pay out the residual + remaining lease payments?


Car has a payoff and ACV so no different in that regard than a loan. Only difference is that you’re most likely under water on a lease if it is a car w/ aggressive residual. Gap insurance would pick up the difference if you have it. Some companies include in their leases automatically (BMW) but some might not.
__________________
2020 X5 M50i -- Alpine White / Coffee Leather
2020 M550i -- Carbon Black / Beige Leather
SARAFIL is offline   Reply With Quote