Quote:
Originally Posted by jmg
You can residualize it or paid up front. I prefer to residualize everything since gap insurance doesn't give you back anything you pre-paid on a lease if the car is stolen or totaled. However, I've done it both ways in the past.
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Quote:
Originally Posted by mjr24
Your 2 replies say the opposite thing......
Residualizing that amount means you don't pay the full amount but only the 50% you use (again, assuming a 50% residual at lease end).
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Quote:
Originally Posted by Draper
Residual is based on the MSRP, which I believe includes destination.
Acquisition/disposal is 100% on you.
You can capitalize any fees you want and roll them into your payment, but you're still paying 100% of them in the end.
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Sorry, Draper is correct, I'm wrong. I meant to say roll it into the monthly, not residualize it.
I was browsing shopbmw.com and I was obsessing about port installed options and residualizing add-ons was just stuck in by brain.
However, I do like to roll it all in, cap cost taxes, bank fees, doc fees, acquisition etc because if I pay it as a drive off, then that is still "lost" if the car is stolen or totaled. If I roll it in, I'm paying it off slowly, and if the car is a loss, GAP covers whatever I owe outside of what it's worth and I basically save whatever I had not paid off yet.