[Lease Analysis] Jaguar XE w/ drastic change in MF after credit pull

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@Ursus

If ACV > remaining balance - then you should get the difference, but not sure if it works this way since leasing company is the car’s owner.

It does, since you are the insured party. Insurance Co has no relationship with Lease Co, other than to know who gets paid first (Lease Co, then you).

Just one example:

@manku

Earlier this year I totaled my Q5, which I had just leased 9 months prior…they assign a fair market value + tax…if it’s less than the payoff, then gap insurance kicks in. If it’s more than the payoff, then you (the lessee/owner) get the overage. They seemed to look at comparable cars in the used marketplace to determine value.

My dealer gave me a great deal on my lease, so I actually got paid over $3500 (including 800 audi care refund)…that was with only first month drive off.

I guess what I’m saying is that it all depends on what the insurance company values the car at…but I doubt you would ever recoup the full down payment.