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  #1  
Old 06-15-2019, 09:48 AM
jpa1234 jpa1234 is offline
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How does lease protection work?

I have a wear and tear protection and am wondering how this works as the lease end is coming.

Do I have to let the dealer know before final inspection? Then would that affect how much they will charge me?

Or is it just a BMW FS thing, meaning a dealer does not care?
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Old 06-15-2019, 09:03 PM
ard ard is offline
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Depends on your policy. Who is backing your policy and what does your policy say?
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OEM is not what BMW sells


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  #3  
Old 06-16-2019, 05:09 PM
ZoomVT ZoomVT is offline
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Was this a BMW lease protection (I have no idea what it's actually called) policy?

If so, idk when you should tell the dealer but I would be careful. Heard that upon return, dealer might be looking more carefully as they are incentivized to do so. It's all covered up to an amount, so suddenly you might have more charges and potentially you could be on the hook for some of it. Or maybe not.

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Old 06-17-2019, 06:09 AM
jjrandorin jjrandorin is offline
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As ard said, how the policy is executed depends on who its through. Dealers usually sell more than just the "bmw" backed lease end protection plan (in fact, I am fairly sure that they make more $$$ selling non bmw backed plans as there is not a "ton" of profit for them in the bmw plan).

If its the BMW backed plan, execution is very easy for the dealer. They inspect your car, take pictures of damage, submit online, you sign (electronically or via paper depending on the dealer I think) and thats basically it. The dealer is paid directly, and its very easy. I had lease end coverage on my first set of BMW leases as I was scared of lease end charges (first new bmws and all). It will cover up to 5k on the BMW backed plan if it has not changed.

If its a third party one, they have their own submittal process, and it likely wont be as smooth. The charges have to be approved etc.

I am not sure if / when the dealer can see on an account if it has lease end protection.
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Old 06-21-2019, 03:43 PM
johntchow johntchow is offline
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ive had the wear and tear on my wife's last 2 leases. just bought the one the dealer has always offered at contract signing time.

the dealer already knows that you have it and lease turn in time.

they still do an inspection, you just dont get dinged for anything.
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Old 06-21-2019, 05:18 PM
ard ard is offline
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Quote:
Originally Posted by johntchow View Post
ive had the wear and tear on my wife's last 2 leases. just bought the one the dealer has always offered at contract signing time.

the dealer already knows that you have it and lease turn in time.

they still do an inspection, you just dont get dinged for anything.
So this applies to every plan sold in the USA?

Or just the one the OP bought?

Or just yours.....
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Alignment here: The Definitive Alignment Thread

OE is Original Equipment aka 'BMW Original Parts' aka 'What you buy at the BMW dealer with a BMW label'

OEM is Original Equipment Manufacturer... EITHER the company that made the OE part or.... A part this is identical to the OE part, but is sold by the OEM under their own label


OEM is not what BMW sells


http://www.bimmerzone.com/category/T...ricks_OEM.html

https://www.turnermotorsport.com/t-OEvsOEM
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  #7  
Old 06-25-2019, 07:37 AM
jpa1234 jpa1234 is offline
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Mein Auto:
Thanks everyone for answering.

I purchased a non-BMW policy and did not even know there is a BMW plan.
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