Originally Posted by cpiguy
Not sure where you got that info from, but it is totally dependent on your insurance policy. I had an X5 totalled 6 years ago. The accident occurred less than a week after I picked the car up. The insurance company gave full original cap value from my lease contract, and I was able to rebuy the car at a better discount, putting 2 grand in my pocket.
And oh yeah, I had done a $5000 cap reduction.
Just the way my policy works.
I think the point of AGS's comment was that had you not put $5k down on your lease you would have walked away with $7k in your pocket instead of $2k.