My 2023 BMW X4M got stolen recently - I’m still in shock and processing how to move forward.

I have a few questions and would appreciate some feedback.

The car was leased, I only had the car for 5 months (out of a 36 month lease). I put a significant down payment down to lower my monthly costs. Since the car was stolen, would I be able to get the remainder down payment refunded? (Or at least a partial amount).

If my insurance settles the car with BMW and I owe nothing, I’m still down X amount of $$$ from the down payment. That means I either get that down payment money back and put it towards another lease OR I have to take more money out of my account for another down payment on a new car?

Does anyone have any experience or knowledge on this topic? Appreciate all the help…

  • eeeecks@alien.topBEnglish
    1·
    10 months ago

    Sorry that happened to you, and that you’re going through this.

    would I be able to get the remainder down payment refunded?

    Unfortunately very unlikely. When you put money down in a lease, you kiss that money goodbye. In a lease, your down payment is much like your monthly payment in the sense that it doesn’t give you “equity” in the car. It is very unlikely that you will ever get that money back.

    OR I have to take more money out of my account for another down payment on a new car?

    This.