Quote:
Originally Posted by DerekLimeRock
A little off topic. I had planned to purchase my car off the lease in August, however, the underlying value of my has dropped below the residual due to a theft w/ minor damager followed by collision last week  dude, T boned me. Being that BMW FS won't negotiate the buyout I've started toying with the idea of returning the car and buying it back at auction. Any insight into that process?
FWIW - I am urging BMW FS to file a diminution of value claim against the liable party's carrier and to apply any award as a reduction in the lease buyout. |
I believe this is a scenario where it would best to walk away from the car and one of the advantages of a lease. Unless you really REALLY love this particular one.