2015 BMW 328i Lease Questions

johnj56

nmr2010 said:

I have a 328i xDrive built. Anybody know how long generally I have to wait?

MAKE SURE they give you the vin#. You can then sign on the BMWUSA and track the built through the entire process. You can even track the transport ship as it is moving on the ocean.

johnj56

nmr2010 said:

I was told it needs 3 weeks. Anyone have experiences?

If you meant build, it is as mod said 6-10 Weeks. remember, once built it has a long trans oceanic voyage. Once t port it has to be transported to dealer.

johnj56

Michaell said:

longphant said:

328xi. Wow, that was quick!

.00130 and 65% for 36/10 - those are the only numbers we have at the moment.

nmr2010 said:

I leased a 328ix. I was told that I was enrolled the Encore visit program. Whenever there is a question and stop by BMW, then when they answer the question(s), the car will be washed and the tank will be fully filled. I was told by two different people two or three times that when come, make the tank is almost empty.

Does anyone know this program and have been use it? I feel it would be not appropriate to take the advantage for unnecessary stop by. What's the purpose of BMW?

BMW dealers now have a BMW genius. His or her job is to answer and or demo any questions you may have about your new vehicle.A policy (not sure if all dealers are doing this) seems to be to send an invite after 30 days of ownership for you to visit with the BMW Genius and have any questions that you may have answered. That does not include filling your tank with gas. Seems like a good policy. You may not realize something when The CA hands over your new car.

nmr2010

Thanks，johnj56, for your reply. I finally leased a different one on the last day of March. That day I was told the built car would arrive in mid to late May so I didn't want to wait for 6-8 weeks or even longer.

johnj56

nmr2010 said:

Thanks，johnj56, for your reply. I finally leased a different one on the last day of March. That day I was told the built car would arrive in mid to late May so I didn't want to wait for 6-8 weeks or even longer.

It's hard to wait. It can be exciting also. It killed me to wait 8 weeks for mine, but was exciting to track it every step of the way via the Vin#. If they had exactly what I wanted I would take it, but for that money I wanted my build not theirs.

shpunt

Haven't looked into leasing for quite some time, kind of forgetting the calcs. Believe I have them all right, except for MF into Finance charge formula - is it MF times 24 expressed in % terms? Much appreciate the help.

Michaell

shpunt said:

Haven't looked into leasing for quite some time, kind of forgetting the calcs. Believe I have them all right, except for MF into Finance charge formula - is it MF times 24 expressed in % terms? Much appreciate the help.

MF * 2400 gives you an approximate interest rate.

For BMW, it's .00130 * 2400 = 3.12%

shpunt

Thanks a lot Michael.

aproxymate

So after being confused about why my monthly payments came to be higher than the what I saw at edmunds, bankrate, I found out that Texas residents need to pay the full tax on the vehicle. Just saw a dealer yesterday and he is offering 0.0017 MF and 65% residual for the below vehicle:

Details

Bodystyle: Sedan Doors: 4 door Engine: 2.0L I-4 cyl Transmission: A/T Drive Line: Rear-wheel Drive Exterior Color: Alpine White Interior Color: Venetian Beige Exclusive Stitching VIN: WBA3A5G52FNS84751 Model Code: 153P Stock #: FNS84751
Fuel Efficiency Rating

Included Packages
Premium Package ($3,100)
Comfort Access Keyless EntryMoonroofLumbar SupportSatellite RadioDakota Leather Upholstery
Navigation System w/Touchpad ($2,150)
BMW Online & BMW AppsAdvanced Real-Time Traffic InformationRemote ServicesInstrument Cluster w/Extended Contents
Luxury Line ($2,000)
Wheels: 18 x 8 Light Alloy Multi-SpokeWithout Lines Designation OutsideAnthracite Wood TrimPearl Gloss Chrome Highlight Trim FinishersLuxury Line Aesthetic ElementsDakota Leather UpholsteryRemove Increased Top SpeedTires: P225/50R18 All Season
Driver Assistance Package ($950)
Rear View CameraPark Distance Control
Lighting Package ($900)
Xenon HeadlightsAdaptive Light Control

MSRP: 48050
Negotiated Price: 45060

Sales Tax: 2919
Tag/Registeration: 57.75
Title Fee: 33.00
State Inspection Fee: 39.75
Doc fee: 125
Road and Bridge: 10.00
Total: 48,244.75

36 month/10k - 634 p/m including taxes

Is this a good deal? I have seen people pay a lot less for vehicles costing 50k.

kyfdx

aproxymate said:

So after being confused about why my monthly payments came to be higher than the what I saw at edmunds, bankrate, I found out that Texas residents need to pay the full tax on the vehicle. Just saw a dealer yesterday and he is offering 0.0017 MF and 65% residual for the below vehicle:

Details

Bodystyle: Sedan Doors: 4 door Engine: 2.0L I-4 cyl Transmission: A/T Drive Line: Rear-wheel Drive Exterior Color: Alpine White Interior Color: Venetian Beige Exclusive Stitching VIN: WBA3A5G52FNS84751 Model Code: 153P Stock #: FNS84751
Fuel Efficiency Rating

Included Packages
Premium Package ($3,100)
Comfort Access Keyless EntryMoonroofLumbar SupportSatellite RadioDakota Leather Upholstery
Navigation System w/Touchpad ($2,150)
BMW Online & BMW AppsAdvanced Real-Time Traffic InformationRemote ServicesInstrument Cluster w/Extended Contents
Luxury Line ($2,000)
Wheels: 18 x 8 Light Alloy Multi-SpokeWithout Lines Designation OutsideAnthracite Wood TrimPearl Gloss Chrome Highlight Trim FinishersLuxury Line Aesthetic ElementsDakota Leather UpholsteryRemove Increased Top SpeedTires: P225/50R18 All Season
Driver Assistance Package ($950)
Rear View CameraPark Distance Control
Lighting Package ($900)
Xenon HeadlightsAdaptive Light Control

MSRP: 48050
Negotiated Price: 45060

Sales Tax: 2919
Tag/Registeration: 57.75
Title Fee: 33.00
State Inspection Fee: 39.75
Doc fee: 125
Road and Bridge: 10.00
Total: 48,244.75

36 month/10k - 634 p/m including taxes

Is this a good deal? I have seen people pay a lot less for vehicles costing 50k.

The negotiated price seems reasonable, but the money factor is marked up the maximum (base MF is .00130).

johnj56

Since Edmunds supplies invoice pricing, I'd love to see these deals listed with that in them. I try to start with invoice pricing and go up. When we start with MSRP and go down it gives the dealer a bigger advantage right off the bat.

johnj56

noles561 said:

Thats kind of a high payment, I got the same car but I used a broker, [non-permissible content removed] and I only had to put down have as much with 12K miles. In my opinion the car is overpriced at that...

When a new poster comes along, has 2 posts and both advise the same business my spidey senses start to tingle.

johnj56

noles561 said:

Thats kind of a high payment, I got the same car but I used a broker, [non-permissible content removed]and I only had to put down have as much with 12K miles. In my opinion the car is overpriced at that...

Scam Insight: Personal Information Risk
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stever

Thanks for the spam flag, @johnj56!

Sergio

Hi. I'm looking to buy 328i RWD, MSRP $42,500. Got this quote (with 1000$ drive off ) from the local dealer:

MSRP $42,500 + tax, title and license.
Discounted price of $39,313 + tax, title and license.
36 months at 12,000 miles a year

Monthly Payment: $517.17 a month.

1st Months payment $517.17
Fees $389.43
Cap reduction (Cash) $93.40
Total Drive Off $1,000
Residual $27,200
Sales Tax $1,377.55
Acquisition fee $995
Money factor 0.00170

Does this look like a good deal?

kyfdx

Sergio said:

Hi. I'm looking to buy 328i RWD, MSRP $42,500. Got this quote (with 1000$ drive off ) from the local dealer:

MSRP $42,500 + tax, title and license.
Discounted price of $39,313 + tax, title and license.
36 months at 12,000 miles a year

Monthly Payment: $517.17 a month.

1st Months payment $517.17
Fees $389.43
Cap reduction (Cash) $93.40
Total Drive Off $1,000
Residual $27,200
Sales Tax $1,377.55
Acquisition fee $995
Money factor 0.00170

Does this look like a good deal?

The base money factor is .00130 and the base acquisition fee is $795.
Those markups are adding about $33/mo.+ tax to your deal.

Get rid of the markups and you have a fair deal.

Sergio

Are there any cash incentives available for leasing in April? If not, when can one expect them?

Michaell

Sergio said:

Are there any cash incentives available for leasing in April? If not, when can one expect them?

We don't show anything .. use the "car research" tab at the top of the page to link to the information Edmunds has available.

nvd425

Hi. What would be the lease payment on a 2015 328i xDrive using the following information:

$47150 MSRP
$40995 asking
36 month term
15000 miles per year
NJ

What is the MF and residual? This is a demo with 6779 miles on it. Dealer is saying $447/mo with $3241 due.

sarat931

Hi,

Can I know the Numbers (MF,Residual) for BMW 328i xDrive (Sport line) with 36/12K Zipcode is RI, 02864 ?

Thanks.
SP

Michaell

nvd425 said:

Hi. What would be the lease payment on a 2015 328i xDrive using the following information:

$47150 MSRP
$40995 asking
36 month term
15000 miles per year
NJ

What is the MF and residual? This is a demo with 6779 miles on it. Dealer is saying $447/mo with $3241 due.

.00130 and 62% for 36/15.

What is the breakdown of the $3241 due at signing? Any of it going to cap cost reduction?

With $0 cap cost reduction, I get a pre-tax payment of $418/mo.

nvd425

Michaell said:

nvd425 said:

Hi. What would be the lease payment on a 2015 328i xDrive using the following information:

$47150 MSRP
$40995 asking
36 month term
15000 miles per year
NJ

What is the MF and residual? This is a demo with 6779 miles on it. Dealer is saying $447/mo with $3241 due.

.00130 and 62% for 36/15.

What is the breakdown of the $3241 due at signing? Any of it going to cap cost reduction?

With $0 cap cost reduction, I get a pre-tax payment of $418/mo.

Sorry. Dealer is asking for $3234.74 due at signing. $447 first month, $395 doc fee, $995 bank fee, $174 dmv fee, $1223.74 taxes.

Michaell

nvd425 said:

Michaell said:

nvd425 said:

Hi. What would be the lease payment on a 2015 328i xDrive using the following information:

$47150 MSRP
$40995 asking
36 month term
15000 miles per year
NJ

What is the MF and residual? This is a demo with 6779 miles on it. Dealer is saying $447/mo with $3241 due.

.00130 and 62% for 36/15.

What is the breakdown of the $3241 due at signing? Any of it going to cap cost reduction?

With $0 cap cost reduction, I get a pre-tax payment of $418/mo.

Sorry. Dealer is asking for $3234.74 due at signing. $447 first month, $395 doc fee, $995 bank fee, $174 dmv fee, $1223.74 taxes.

Bank fee is marked up $200. If you are paying the taxes up front, then $418/mo is the number to shoot for.

jgalindo1224jg

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

Michaell

jgalindo1224jg said:

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

.00130 and 64%

bank fee of $795

i get $440/mo with your MSRP and selling price. 

jgalindo1224jg

Michaell said:

jgalindo1224jg said:

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

.00130 and 64%

bank fee of $795

i get $440/mo with your MSRP and selling price. 

So safe to say due at signing would be to be looking at the montly payment would 720 + credit score correct?
1st payment: $440
bank fee $795
dmv fees
taxes $1326.6 if its (monthly payment x 8.375% which is westchester ny tax rate)

another question would the money factor go up if your credit isnt at 700 atleast?

Michaell

jgalindo1224jg said:

Michaell said:

jgalindo1224jg said:

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

.00130 and 64%

bank fee of $795

i get $440/mo with your MSRP and selling price. 

So safe to say due at signing would be to be looking at the montly payment would 720 + credit score correct?
1st payment: $440
bank fee $795
dmv fees
taxes $1326.6 if its (monthly payment x 8.375% which is westchester ny tax rate)

another question would the money factor go up if your credit isnt at 700 atleast?

For BMW anything above 675 qualifies for the best MF. 

jgalindo1224jg

Michaell said:

jgalindo1224jg said:

Michaell said:

jgalindo1224jg said:

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

.00130 and 64%

bank fee of $795

i get $440/mo with your MSRP and selling price. 

another question would the money factor go up if your credit isnt at 700 atleast?

For BMW anything above 675 qualifies for the best MF. 

So safe to say due at signing would be
1st payment: $440
bank fee $795
dmv fees
taxes $1326.6 if its (monthly payment x 8.375% which is westchester ny tax rate)

Michaell

jgalindo1224jg said:

Michaell said:

jgalindo1224jg said:

Michaell said:

jgalindo1224jg said:

Hi so im looking into leasing a 2015 328 allwheel drive here what i got so far

Msrp 42160 including $950 destination fee

Sale price 39495 not including $75 doc fee
I reside in new york
What is the mf and residual value on a 36/12k?
any incentives?
what fee are usually involves besides dmv and taxes? What would i be looking montly with me paying fees up front no cap reduction

.00130 and 64%

bank fee of $795

i get $440/mo with your MSRP and selling price. 

another question would the money factor go up if your credit isnt at 700 atleast?

For BMW anything above 675 qualifies for the best MF. 

So safe to say due at signing would be
1st payment: $440
bank fee $795
dmv fees
taxes $1326.6 if its (monthly payment x 8.375% which is westchester ny tax rate)

Any dealer fees?

sarat931

Hi got the below deal in RI, please suggest if there is scope for a better deal.
BMW 328i AWD (Sport line) with
cold weather Pkg
Driver assistance Pkg
Lighting Pkg
Premium Pkg
Nav system
MSRP: 51000
Residual :32,640
Cap Cost:48,500

Dealer asking for some fees $495 extra apart from ( Doc fee, Reg, Title inspection, Acquisition fee)

Fees as Down payment
Monthly payments offered :$593

Thanks in Advance

Michaell

sarat931 said:

Hi got the below deal in RI, please suggest if there is scope for a better deal. BMW 328i AWD (Sport line) with cold weather Pkg Driver assistance Pkg Lighting Pkg Premium Pkg Nav system MSRP: 51000 Cap Cost:48,500 Dealer asking for some fees $495 extra apart from ( Doc fee, Reg, Title inspection, Acquisition fee) Fees as Down payment Monthly payments offered :$593 Thanks in Advance

What lease term and how many miles per year?

sarat931

Michaell said:

sarat931 said:

Hi got the below deal in RI, please suggest if there is scope for a better deal.
BMW 328i AWD (Sport line) with
cold weather Pkg
Driver assistance Pkg
Lighting Pkg
Premium Pkg
Nav system
MSRP: 51000
Cap Cost:48,500

Dealer asking for some fees $495 extra apart from ( Doc fee, Reg, Title inspection, Acquisition fee)

Fees as Down payment
Monthly payments offered :$593

Thanks in Advance

What lease term and how many miles per year?

Lease Term 39 months/12 K

Residual 32,640

Michaell

sarat931 said:

Michaell said:

sarat931 said:

Hi got the below deal in RI, please suggest if there is scope for a better deal.
BMW 328i AWD (Sport line) with
cold weather Pkg
Driver assistance Pkg
Lighting Pkg
Premium Pkg
Nav system
MSRP: 51000
Cap Cost:48,500

Dealer asking for some fees $495 extra apart from ( Doc fee, Reg, Title inspection, Acquisition fee)

Fees as Down payment
Monthly payments offered :$593

Thanks in Advance

What lease term and how many miles per year?

Lease Term 39 months/12 K

Residual 32,640

There is no 39 month program from BMW this month - you sure it wasn't 36 months?

.00130 and 64% for 36/12 ... with your MSRP and cap cost I get a pre-tax payment of $546.04. What is the tax rate in RI?

sarat931

Michaell said:

sarat931 said:

Michaell said:

sarat931 said:

Hi got the below deal in RI, please suggest if there is scope for a better deal.
BMW 328i AWD (Sport line) with
cold weather Pkg
Driver assistance Pkg
Lighting Pkg
Premium Pkg
Nav system
MSRP: 51000
Cap Cost:48,500

Dealer asking for some fees 47,065

Fees as Down payment
Monthly payments offered :$593

Thanks in Advance

What lease term and how many miles per year?

Lease Term 39 months/12 K

Residual 32,640

There is no 39 month program from BMW this month - you sure it wasn't 36 months?

.00130 and 64% for 36/12 ... with your MSRP and cap cost I get a pre-tax payment of $546.04. What is the tax rate in RI?

That was a typo, yes its a 36 Month Term.I Heard the dealer saying MF as .00150

Does the Cap cost look OK ?

From the TMV I see 47,065..

Do you know what is the $495 extra fee apart from ( Doc fee, Reg, Title inspection, Acquisition fee), something valid for BMW dealers ?


Any incentives going on with BMW ?

Thanks

Michaell

sarat931 said:

Michaell said:

sarat931 said:

Michaell said:

sarat931 said:

Hi got the below deal in RI, please suggest if there is scope for a better deal.
BMW 328i AWD (Sport line) with
cold weather Pkg
Driver assistance Pkg
Lighting Pkg
Premium Pkg
Nav system
MSRP: 51000
Cap Cost:48,500

Dealer asking for some fees 47,065

Fees as Down payment
Monthly payments offered :$593

Thanks in Advance

What lease term and how many miles per year?

Lease Term 39 months/12 K

Residual 32,640

There is no 39 month program from BMW this month - you sure it wasn't 36 months?

.00130 and 64% for 36/12 ... with your MSRP and cap cost I get a pre-tax payment of $546.04. What is the tax rate in RI?

That was a typo, yes its a 36 Month Term.I Heard the dealer saying MF as .00150

Does the Cap cost look OK ?

From the TMV I see 47,065..

Do you know what is the $495 extra fee apart from ( Doc fee, Reg, Title inspection, Acquisition fee), something valid for BMW dealers ?


Any incentives going on with BMW ?

Thanks


No lease incentives that I'm aware of.

Generally, a discount of 5-7% off sticker is normal for BMW.

MF of .00150 is marked up - which dealer is allowed to do and you should work hard to negate.

Sergio

Hi. Followup on my previous post. I negotiated with the dealer to get base MF and Acq fee. The bottom line is:

MSRP $42,500 + tax, title and license.
Discounted price of $39,000 + tax, title and license.
36 months at 12,000 miles a year, 7.25% tax
Total Drive Off $1,000

Fees $389.43
Residual $27,200
Acquisition fee $795
Money factor 0.00130

Monthly payment of 475$ (including tax). This is a factory order so I have to wait 6-8 weeks to get the car. Is this decent deal?

The dealer tells me that current offer is good till Wednesday at 6pm. Do you have any info on what May offers will be? Should I sign before Wednesday or wait for May offers?

Michaell

Sergio said:

Hi. Followup on my previous post. I negotiated with the dealer to get base MF and Acq fee. The bottom line is:

MSRP $42,500 + tax, title and license.
Discounted price of $39,000 + tax, title and license.
36 months at 12,000 miles a year, 7.25% tax
Total Drive Off $1,000

Fees $389.43
Residual $27,200
Acquisition fee $795
Money factor 0.00130

Monthly payment of 475$ (including tax). This is a factory order so I have to wait 6-8 weeks to get the car. Is this decent deal?

The dealer tells me that current offer is good till Wednesday at 6pm. Do you have any info on what May offers will be? Should I sign before Wednesday or wait for May offers?

With your MSRP and selling price, I calculate a pre-tax payment of $414/mo. (.00130 MF and 64% residual for 36/12). Not sure how they get to $475/mo with tax.

Ask the dealer what the net cap cost is - I suspect it's higher than the selling price as they are rolling in some of the fees.

Sergio

They rolled in acquisition fee of 795$. 

Michaell

Sergio said:

They rolled in acquisition fee of 795$. 

OK, that's $22 - new total is $436/mo before tax and $469 after. Closer.

Sergio

Thanks.Is there any way to find out what MF/residuals/ incentives will be in May?

Michaell

Sergio said:

Thanks.Is there any way to find out what MF/residuals/ incentives will be in May?

Not until May

dialogs

Hello I am looking for some feedback on an lease offer I got for a 328i...

Lease terms: 36 Month lease / 10,000 miles per year
MSRP: $44,830
Discount: $1,000
Purchase Option: $29,139 (65% residual)
Fees: $578.40 Doc fee, $450 License fee, then a few couple dollar fees
Sales tax came out to be 2,715
Total price: 47,597

kyfdx

dialogs said:

Hello I am looking for some feedback on an lease offer I got for a 328i...

Lease terms: 36 Month lease / 10,000 miles per year
MSRP: $44,830
Discount: $1,000
Purchase Option: $29,139 (65% residual)
Fees: $578.40 Doc fee, $450 License fee, then a few couple dollar fees
Sales tax came out to be 2,715
Total price: 47,597

$1000 discount? That's not much.

Also, sales tax is charged monthly on leases in Florida...

dialogs

kyfdx said:

Hello I am looking for some feedback on an lease offer I got for a 328i... Lease terms: 36 Month lease / 10,000 miles per year MSRP: $44,830 Discount: $1,000 Purchase Option: $29,139 (65% residual) Fees: $578.40 Doc fee, $450 License fee, then a few couple dollar fees Sales tax came out to be 2,715 Total price: 47,597

$1000 discount? That's not much. Also, sales tax is charged monthly on leases in Florida...

That's correct, but I believe (from reading the paperwork) that the upfront cost also includes tax. 

$3,000 down came to $550/month tax included. Seems way high to me based on some other offers in this thread. 

tr0gd0r

New to leasing. Hoping to lease a 2015 320i XDrive. Can someone tell me what my payments will be?

MSRP: 39,695
36 months
12k miles/year

kyfdx

tr0gd0r said:

New to leasing. Hoping to lease a 2015 320i XDrive. Can someone tell me what my payments will be?

MSRP: 39,695
36 months
12k miles/year

The payment will vary, depending on what price and terms you negotiate..

tr0gd0r

Lets assume the following:
2015 320i xDrive Sedan

MSRP: 39,695
Sale Price: 38000 including Doc fees, title, registration
Tax Rate: 8%
Residual: 63% or 25008
MF: .00130
36 Months/12k miles

Michaell

tr0gd0r said:

Lets assume the following:
2015 320i xDrive Sedan

MSRP: 39,695
Sale Price: 38000 including Doc fees, title, registration
Tax Rate: 8%
Residual: 63% or 25008
MF: .00130
36 Months/12k miles

I'm assuming you are looking for a payment?

$442.80/mo before tax; $478.23/mo after.

tr0gd0r

Thanks. Here is a general question as well. What happens if you get into a minor accident when leasing and your vehicle is repaired at a body shop. Obviously the repair cost is covered by insurance or myself, but what about the value of the car being reduced because of being repaired? Do I need to pay extra at the end of my lease to cover that?

Michaell

tr0gd0r said:

Thanks. Here is a general question as well. What happens if you get into a minor accident when leasing and your vehicle is repaired at a body shop. Obviously the repair cost is covered by insurance or myself, but what about the value of the car being reduced because of being repaired? Do I need to pay extra at the end of my lease to cover that?

One of the benefits of leasing is that you aren't responsible for the value of the car at the end of the lease .. it's predetermined in the contract.

I've had the unfortunate experience of being in an accident with a leased car. Turned it in at the end of the lease .. no problem.