In Reply to: Re: DITTO - lease figures posted by sk on October 21, 1999 at 07:35:32:
I was thinking about this some more (and also on sales tax). NY requires sales tax on lease payments paid upfront. I get a choice of paying the sales tax on total of lease pmts up front, or roll it into lease and the dealer or whoever pays NYS off. If I paid it all upfront, and if I lose the car, I'm f&*ked, I think... (knock on wood)
: Ko, we are in sync... Again, I agree with you: if the car gets totalled/stolen, insurance will give you money and BMW will provide the difference between the estimated value by insurance and the actual value of the car. Than you just pay it off, and that would be it. Moreover, as one would likely just get into a lease of the same model, than BMW probably would not even try to go with the early lease termination penalties, etc. However, I have never tried that, so I am not sure if it would go smooth as above (we all know that dealers are not most honest and fair people).