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      05-01-2008, 07:41 PM   #1
MiAWE90
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Drives: 2007 328i AW
Join Date: Jul 2007
Location: Milwaukee, Wi

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2007 328i  [0.00]
Unhappy (Lease)TOTALED E90... Any math guru's out there?

All right guy's, here goes! I was leasing a 2007 BMW 328i. I recently totaled it in car accident. When I started my BMW financial lease, I opted for a 36 months, 12k miles a year lease. I lost a ton of $ on the trade in vehicle, seeing that I owed $6,571.54 more then the vehicle was worth. I put down $8,250.00. Basically I want to know if im intitled to any money from BMW Financial services after Progressive pays the loan off???

MONTHLY PAYMENTS: lease Began 10-23-06

GROSS CAPITALIZED COST = $41,102.50 +Administrative fee = $784.00 =
$41,886.50
CAPITALIZED COST REDUCTION= $6,571.54
ADJUSTED CAPITALIZED COST= $35,314.96
RESIDUAL VALUE=$21,857.85
DEPRECIATION AND AMORTIZED AMOUNT=13,457.11
RENT CHRAGE=$6688.85
TOTAL OF BASE MONTHLY PAYMENTS=$20,145.96
TOTAL MONEHTLY PAYMENT= $590.95

**The car as of right now is assessed by progressive at being worth $32,000 and I owe $29,658.15

***RENT CHRAGE? $8,250 down payment, any of it security deposite?
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