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Originally Posted by SARAFIL
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.
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In NY gap insurance is a part of the lease so with the 2017 A4 it was covered completely though I lost out on the $3k I had put up front for taxes and stuff but was happy that we didn’t get that car back ...t he damage was just downright scary.