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      07-02-2019, 04:40 AM   #5
jmg
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Drives: F80 M3 CS, I01 i3 REx LCI
Join Date: Mar 2013
Location: Orange County, CA

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Quote:
Originally Posted by davidigi View Post
Quote:
Originally Posted by jmg View Post
Lease excess wear and tear is a waste of money IMHO, but since you already paid for it, just turn the car in and see what they say. By the way, you can have them inspect it ahead of time to see what damages you could be liable for if any.
Can I pick your brain as to why lease excess wear and tear is a waste of money? I figured if something happens to the car bedsides what my insurance will over, then I'm good. I think I paid around $1.9k for $5k coverage.

I don't put any money down. But I maxed out the 6 MSDs.

We should have the same region since I'm in SF, ur in OC.

It's available to all usaa members. It's valued at $1k but they only gave me $930
Your residual has wear and tear built into the lease. You can have dings, scratches, even curb rash up to an extent and you will not see a penalty. The amount of damage is unexpectedly generous. You would have to have smashed a bumper and a headlight to reach close to $5k in damages and if you paid $1.9k then that's like a $1.9k deductible on your insurance. Then what if nothing happens to your car? You just threw $1.9k out the window. Think about it this way: you are already paying for a lease excess wear and tear fee: it's called car insurance. Except now you are paying it twice while not even having to use it. Just use the one you are already paying for. Just a general rule of thumb: anything they sell you in the financing office is pure profit for them.


By the way, BMW will mail you an overlay guide on what items are considered normal wear and tear. It looks like this:

[img]https://pictures.dealer.com/f/fields...20a5dc271x.jpg[/img]
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