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…

  • Mojogot@alien.topBEnglish
    1·
    10 months ago

    Isn’t it a bit weird that you get screwed. You have a deal with BMW for a car. Which got stolen and they are insured for. So they just can’t get off the hook of their side of the contract by having the car stolen. I’d say they still have an obligation to actually deliver you “a” x4m. Realistically it could be a slightly used one, and not a new one.

    Contracts work both ways.

    • HarpuiusInterruptus@alien.topBEnglish
      1·
      10 months ago

      I’m don’t think that’s how this works though. They already made the deal and delivered the vehicle. BMW is not on the hook here, the buyer is, and that’s why buyers are bound by the terms of BMW financial contracts to maintain insurance on the vehicle until it is paid off or leased returned. Contracts do work both ways, but it seems in this scenario BMW has fulfilled their obligations up to this point. That doesn’t mean they will just provide another vehicle. Certainly the contract would not require that, and they certainly aren’t providing another vehicle out of goodwill.