220 km? No way you are getting 220 miles.
Cap Cost ~ $42K
RV ~$30K
I get 220 miles easily
There was an issue during covid where the leasing company kept the equity check
That doesn’t mean anything without further details:
1 - which captive co?
2 - was that excess equity due to market conditions or due to huge DP (which is very rare)?
3 - was it early or late into the lease term?
Also, these huge incentives and credits add another wrinkle into the calcs that wasn’t there before.
You have 18" rims? Mostly city or freeway driving in traffic?
Many lease contracts specify that the lessor keeps the insurance overage. Makes sense that a business would be paid fair market value for their destroyed asset.
People should always read the terms theyre agreeing to.
That’s the risk/benefit of ownership.
The owner is entitled to fair market value being paid out by the insurer. They also ate the loss when totaled cars and returned leases were underwater.
A non-owner who’s not exposed to any losses but also expects all the gains is not compatible with any rational economic system.