(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 =
CAPITALIZED COST REDUCTION= $6,571.54
ADJUSTED CAPITALIZED COST= $35,314.96
DEPRECIATION AND AMORTIZED AMOUNT=13,457.11
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?