Lease car - 40% remaining payable if total loss

AdrianC

Ectophile wrote: »

If the car is written off the day after it's delivered, they will get back the value of the car, but they won't get all the profit they were expecting to get.

Maybe not on that car, but they do know somebody who needs to lease a new car to replace a written-off one...

[Deleted User]

AdrianC wrote: »

Maybe not on that car, but they do know somebody who needs to lease a new car to replace a written-off one...

Yes. If lease company are going to insist on this even after insurance has paid up then surely they're going to ruin any future business.

Like I said, spoken to dealer who says, in practice, they don't do this. As long as the insurance pays out. Like previous poster says, its likely a new lease will be required.

BUT, the clause is in there. If the GAP insurance is not too expensive worth it anyway maybe just in case.

Any recommendations?