BMW Lease protection

[Donger Kim]

Originally Posted by DDR MFS

Going to resurrect this thread to alleviate any duplication of another lease turn in thread.

Question is that my car was rear-ended in NOV14. There was a massive pile-up, I drove and avoided the carnage and pulled to the side, and a Prius clipped me. It involved the replacement of the bumper and paint; no structural, frame damage, etc. All OEM used as it was the iS bumper. Shop came highly recommended as they do a whole range of body work for BMs, Mercs, exotics, Corvettes, etc.

I get a call today from the original adjustor saying that I might be on the hook for diminished value. BMW is looking to appraise the car as I will be turning it in come May and I am in the six month window.

Has anyone ever had any issues with this or been involved in a similar situation? While I totally understand the company needing to appraise the car, and the work being done on the car was very well done, I sure as hell better not be penalized on my end for this. My plan is to call both my insurance and BMW Financial to see what I can expect. No way am I taking it in the shorts for the jack-ass Prius driver.

Another question, and I am not terribly clear, but I did not sign up for any additional protections when I leased this car, but does the BMW lease program include gap insurance? I am pretty sure the answer is yes, but I just want to make sure so I can research and see what I may have to deal with.

Thanks!

Any updates on this? I’ve never heard of the manufacture coming after the consumer for “deminished” value.... I thought that was one of the major selling points of leasing > buying. You essentially get an option at the end of the lease term, in case of a smudge on the carfax and it’s the registered owners option to buy/sell?

[Nikolas]

Originally Posted by firedown31

4/32" is bmw lease standard.

Really? BMW doesn't do math? That's 1/8"....LOL!

[Thescout13]

Originally Posted by Nikolas

Really? BMW doesn't do math? That's 1/8"....LOL!

It's because most tread gauges come in 32ths so it's easier for us to gauge without having to convert 1/8 to 4/32 (which most people cannot do)

[Nikolas]

Originally Posted by Thescout13

It's because most tread gauges come in 32ths so it's easier for us to gauge without having to convert 1/8 to 4/32 (which most people cannot do)

I know, I was just kidding. Same with earthwork where we speak in 10ths.