Anyone has experience extending their lease with BMW FS in the past year? I know BMW FS used to allow a no-questions-asked 2mo-extension, but I wonder if COVID has changed things.
I have a semi-unicorn lease that is set to expire in 2mos and I want to hold on to it as long as possible
I purchased lease protection package with my lease. Will it also extend for an additional month with my lease extension
or is it valid only for a fixed 3 year lease?
From my prior experience, the expanded W&T allowance to 5k/7.5k still applies to the eventual turn-in, though the more insurance-y cosmetic packages such as Tire & Rim/PDR/Key Replacement did not.
You should probably email or tweet BMWFS so that you have an answer in writing.
Lessor policies are changing very frequently these days, eg another lessor just decided to stop lowering the RV for lease extensions. Doesn’t matter what the internet tells you, even if they were correct based on their knowledge from X days ago.
It also very much depends on who issued your actual policy, so reading the fine print of your situation is key. Many BMW dealers sell 3rd party policies that have wildly different terms from one another.
While things may have changed, pretty sure you have to call in for an extension. It was a few years ago when I did it, so as I mentioned I could def be wrong.
What about warranty? If you go over the 50,000 miles for example due to a lease extension I imagine you’re obliged to return the car in working condition so if say the engine busts out of warranty you’re out of luck.