Anyone leasing a 2013 S5?
08-04-2012, 04:31 PM
#21
Ultimate Keyboard Warrior
Your insurance company is only required to pay the book value of the vehicle, not what you owe on the lease. Since it depreciates the minute you drive it off the lot, depending on the value and insurance payoff, you could lose your down payment.
08-04-2012, 11:18 PM
#22
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Very true. I work in insurance, and I see that situation all the time.
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