BWM leased vehicle total loss

[LilSebastian]

Hello hackers,

Recently my car (2021 BMW 330i) got hit by a hailstorm in Austin, TX. Progressive and my body shop inspected the car and they have determined the car to be a total loss. My lease ends next year and the vehicle evaluation that progressive made is more than the buyout price at the lease end.

I just want to know if I should get an overage pay from either progressive and/or BMWFS. Are there any particular things I should know or be aware of when dealing with insurance/BMWFS?

TIA.

[kimcicle]

Progressive will mail a check directly to BMWFS. It’s technically their car and you have been renting it from them. You shouldn’t expect any type of overage pay from either party, but if you do consider it a bonus.

[j_e_f_f]

Happy reading:

BMW Financial Services wrongfully STOLE $12,670 from me

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 car picked up the same day. Then, 10 days later, on December 21, 2021, after it was established that the car was totaled, BMW Financial Services issued a demand letter (copy attached) seeking the…

BMW shamelessly STOLE my equity. What can I do?

My leased 2019 X4 was totaled in a garbage fire. I had extremely low mileage so the insurance company gave a pretty good settlement offer, which is at $13k over the current buyout amount. Now BMW is telling me that I can’t get a penny of the equity. The total loss department kept saying that ‘hey you don’t own the car you don’t get the money’. BUT I was the one negotiating with the insurance company to get a better settlement offer. The equity was partly due to the market, also definitely due to…

[IAC]

Probably won’t get anything but if you’re in need of a new 3er we can help and have pricing that’ll knock your socks off.