.....

[ChrisBa]

unless i am really reading this wrong, it seems like the OP is trying to take advantage of this situation..

im very confused as to why legal action is required when it doesnt even seem like the insurance company has gotten involved yet..


most people would wait for the insurance company to do there thing and come back and refuse something for someone to consider legal action or whatever...

[BartBandy]

most people would wait for the insurance company to do there thing and come back and refuse something for someone to consider legal action or whatever...

Not at RFD. Here, we look at litigious avenues first.

[BartBandy]

I am the consequence of someone else's careless actions....

Look, I don't care how drunk your father got your mother that night.

...and am trying to acquire as much knowledge to defend myself financially, legally and medically. I believe I have a right to.

I am just collecting as much information as possible, yes even on RFD and yes even with a BMW...

RFD is a crappy source of good advice on anything legal or mechanical. Everyone here seems to know exactly how to proceed with any situation, education and personal experience be damned. Coming here for advice is worse than going into court armed with an afternoon of watching "Judge Judy".

[SkeptiKal12]

Look, I don't care how drunk your father got your mother that night.



RFD is a crappy source of good advice on anything legal or mechanical. Everyone here seems to know exactly how to proceed with any situation, education and personal experience be damned. Coming here for advice is worse than going into court armed with an afternoon of watching "Judge Judy".

I'll lease you a BMW so you won't be quite so pissed.


Thanks for the input.

[pintobean]

I am the consequence of someone else's careless actions....

Look, I don't care how drunk your father got your mother that night.

Damn BartBandy...did someone pee in your cereal this morning?
There's no need to be such an obnoxious jerk



I think the OP may have worded his questions a little poorly and is now getting attacked for that...I don't think that's fair. Please step back and look at it from the OP's position before passing judgement on him.

For his sake, I will try and rephrase his question for those that don't understand what he meant...

Let's suppose for a minute that the OP made a $10,000 down payment on the car.
In addition to that, let's assume that he is making payments of $500/month for a 5 year lease term.
Finally, let's assume that the buy-out amount at the end of his lease is $20,000.

So what the OP is concerned about is that at the end of the 5 year lease term he will have paid $40,000 towards that car and his only options will be to give it back and walk away, or to pay $20,000 and keep it.

The OP's dillemma here is that due to the accident, the value of the car at lease end will probably be much less than the $20,000 buy-out price. And as a result of this, everyone is telling him to just return the car and walk away. What they are not considering is that if he does this, he will then be left with absolutely nothing to show for the $40,000 that he paid into the car for 5 years.

So the OP is asking if anyone has any suggestions as to what he could do in this case. Is there any way for him or BMW to be compensated for the loss in value so that he can pay less than $20,000 and still keep the car?

If anyone has an answer to this, please share it here.

Thanks.

[cwb27]

LOL, OP, you edited all your posts out... But everyone quoted you?? Spitting into the wind I see..

[thephenom]

Damn BartBandy...did someone pee in your cereal this morning?
There's no need to be such an obnoxious jerk



I think the OP may have worded his questions a little poorly and is now getting attacked for that...I don't think that's fair. Please step back and look at it from the OP's position before passing judgement on him.

For his sake, I will try and rephrase his question for those that don't understand what he meant...

Let's suppose for a minute that the OP made a $10,000 down payment on the car.
In addition to that, let's assume that he is making payments of $500/month for a 5 year lease term.
Finally, let's assume that the buy-out amount at the end of his lease is $20,000.

So what the OP is concerned about is that at the end of the 5 year lease term he will have paid $40,000 towards that car and his only options will be to give it back and walk away, or to pay $20,000 and keep it.

The OP's dillemma here is that due to the accident, the value of the car at lease end will probably be much less than the $20,000 buy-out price. And as a result of this, everyone is telling him to just return the car and walk away. What they are not considering is that if he does this, he will then be left with absolutely nothing to show for the $40,000 that he paid into the car for 5 years.

So the OP is asking if anyone has any suggestions as to what he could do in this case. Is there any way for him or BMW to be compensated for the loss in value so that he can pay less than $20,000 and still keep the car?

If anyone has an answer to this, please share it here.

Thanks.

If he feels "ripped" off pouring $40k into a car and walk away with nothing, then he chose the wrong option since that's what a lease essentially is. Pay your share of usage and depreciation.

And the answer has been posted here:
http://www.redflagdeals.com/forums/s...5&postcount=11

Essentially saying, in the US, there are some states that has diminished value claims, but that only applies to the OWNER of the car. If it's a lease, the lease company gets compensated since they are stuck with a lower resale.

[BartBandy]

Damn BartBandy...did someone pee in your cereal this morning?
There's no need to be such an obnoxious jerk

Not that I'm aware. The skim milk wasn't the tastiest, however.

I think the OP may have worded his questions a little poorly and is now getting attacked for that...I don't think that's fair. Please step back and look at it from the OP's position before passing judgement on him.

For his sake, I will try and rephrase his question for those that don't understand what he meant...

Let's suppose for a minute that the OP made a $10,000 down payment on the car.
In addition to that, let's assume that he is making payments of $500/month for a 5 year lease term.
Finally, let's assume that the buy-out amount at the end of his lease is $20,000.

I see where you're going with this, but you can make the hypothetical much more simple by supposing the OP owns the car.

So what the OP is concerned about is that at the end of the 5 year lease term he will have paid $40,000 towards that car and his only options will be to give it back and walk away, or to pay $20,000 and keep it.

The OP's dillemma here is that due to the accident, the value of the car at lease end will probably be much less than the $20,000 buy-out price. And as a result of this, everyone is telling him to just return the car and walk away. What they are not considering is that if he does this, he will then be left with absolutely nothing to show for the $40,000 that he paid into the car for 5 years.

Consider my better example - that the OP owns the car. Now what? Insurance pays for repairs, doctors treat the injuries, and insurance deals with the injuries with the help of lawyers.

The car is fixed and worth less on the open market, but that's how it always is. Just because this is a lease doesn't change anything. In fact, the OP is better off than if he/she owned the car, because they can walk away. Unless that neck injury flares up.

So the OP is asking if anyone has any suggestions as to what he could do in this case. Is there any way for him or BMW to be compensated for the loss in value so that he can pay less than $20,000 and still keep the car?

Quick answer - call BMW. They may laugh at you, but they will at least laugh in a German accent.

Look, the OP was focusing on his/her injuries, talking about legal options, and calling this a major collision. That's an insult to anyone who has been in a major collision. This is an issue to be dealt with through insurance, and lawyers only if it comes to that. I have a difficult time trusting anyone whose thoughts go to legal action within hours of a collision.

And now I see the OP has cut and run, editing out the original post and picture. My guess is he/she found a lawyer, told the lawyer about the thread, and the lawyer told her to kybosh it pronto. The last thing you need is a thread highlighting your litigious intentions wandering around the internet.