Thread: New to Leasing
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Old 03-05-2013, 06:44 AM
slambmw slambmw is offline
Officially Welcomed to the 'Fest
Location: Toronto
 
Join Date: May 2012
Posts: 146
Mein Auto: x3
Leasing can be a risk/reward challenge. There are some issues you need to be careful, as the Program could cost you.

Wear and Tear would be considered covered, but you must maintain all servicing, keys and return with original or comparable equipment. Common mistakes are tires and dents. You have to maintain a certain tread level, not a problem if using snow tires. Dents or stone chips must be under a certain size.

Car accident (had one with less than 6 months remaining on lease). You have to notifying the mfg. and repaired at their authorized repair shop or dealership. You are not responsible for extras on your contract. Avoid heavy pressure from towing companies offering you a better repair deal elsewhere, this will cost you if they are not authorized.

The vehicle has to be relatively clean an all parts in working order. You would get an advance notice about 6 months prior to return offering a free inspection to fix any problems. If they are not fixed, BMW can charge an average market price which is likely higher than normal.

Overall the experience is quite good. You get a new vehicle and can change into something better without concerns about depreciation or in my case lost value due to an accident.

Don't worry about the Lease Rates, they would adjust the length or Depreciation % you eventually pay the same anyways. Good luck!
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