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…
Worked at BMW in sales and finance.
You have a very good chance of getting a new car with little to no down, just to keep you part of the BMW family. All depends on what car you want. If it’s an X4M, there’s more money in the car, and they’ll want to push it faster towards the end of the year.
I would go in now, see what you can get, because this is the time of the year where you’ll have the best chance of getting the best possible scenario.
Good luck!