[BMW3R]

Originally Posted by gblansten

If the M3 is wrecked and totaled two days after you get it you'll lose the $13K you put down on it.

http://www.leasecompare.com/autolease101_6.php

Why would you lose your money if it were wrecked? What if I purchased the car and then I wrecked the car? I would obviously carry insurance. What is the difference between owning and leasing when it comes to using insurance?