Please advise LeaserHacker Community [Screen Shot 2022-03-04 at 10.11.26 AM] BMW Financial Services is wrongfully withholding $12,670 from me, as a result of a claim I made with my auto insurance Carrier, Connect. The accident occurred on December 11, 2021. BMW was advised of the accident and had…

The contract is a lease-to-buy contract that the car had a vehicle finance agreement balance that BMWFS is not honoring

There was someone here who bought the car as soon as he saw the equity from what the insurance was gonna pay bmw returned his check Can’t even do that :lying_face:

Section 24 says they have the right to terminate the lease as soon as they find out it was totaled. As soon as lease is terminated, you no longer have right to buy it, the payoff quote becomes void. Pretty straight forward. Section 25 could be a little clearer but technically, once they terminate u…

I don’t believe that matters. It’s pretty black and white here…even if you had an agreement to buy the car after the lease, BMW still owns the car until that time.

[image] Zz_Cheng: The contract is a lease-to-buy contract that the car had a vehicle finance agreement But you didn’t contact them to purchase the vehicle and exercise the buyout. You contacted them to inform that the vehicle was totaled. They terminated in accordance with section 24, per the…

No need to reply here. You can just read this thread. Very likely, anything anybody is going to say here has been said there. [image] BMW shamelessly STOLE my equity. What can I do? Ask the Hackrs My leased 2019 X4 was totaled in a garbage fire. I had extremely low mileag…

Man, with how many totaled BMW overage threads we get here, I’m starting to understand why BMW insurance is so high in the first place!

I contacted BMWFS to buy out the car (which is why I received a buyout letter) and they knew the car was totaled yet they never terminate the contract until they cashed the check. If BMW terminates the contract it would be implemented under section 25 "Gap Amount” Waiver which BMWFS defined with th…

The reason would be that BMW is unethical.

[image] Zz_Cheng: If BMW terminates the contract it would be implemented under section 25 "Gap Amount” Waiver which BMWFS defined with the following graph This graph doesn’t show the current market situation where the market value is above your buyout. Section 25 states that you are not liab…

BMW Financial Services wrongfully STOLE $12,670 from me

Ask the Hackrs

Qbrozen March 4, 2022, 8:35pm 15

No need to reply here. You can just read this thread. Very likely, anything anybody is going to say here has been said there.