27+ Do Bmw Leases Have Gap Gif. They told me to call bmw financial. They told me i have gap insurance because it's a lease.
There are so many additional details needed to answer this question correctly. Gap insurance helps pay off your auto loan if your car is totaled and you owe more than its depreciated value. You make monthly payments but have no.
After all, leases are associated with lower monthly payments, and if you'd like to maximize your savings.
Does a new or leased car need gap insurance? Latest bmw car leasing and contract hire deals. If the insurance company determines your car was worth $10,000 at the time of the accident, and you still owed $13,000 on your lease, you'd be responsible for paying $3,000 to the car dealer plus your deductible if you do not have gap insurance. If you've never had a car loan before, your auto fico scores are probably even lower than what you showed, which is what bmw is probably using.