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      03-24-2016, 01:25 PM   #50
kent11202
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Drives: 2013 328i
Join Date: Oct 2013
Location: SF Bay Area

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Quote:
No that wasn't all fees. They auctioned off the car and it had a stated value of $39,475.13. They sold it at auction for $27,500.00...They sent her a bill for the difference in auctioned amount versus their stated value plus about $450 in miscellaneous fees. The early termination of lease agreement in the contract states that the lessee cannot be billed more than the net value of the remaining payments plus their $350 fee.
I understand. Paranoia being what it is, I can't help but suspect something is rotten in Denmark.

I wonder who, exactly, managed to buy it for 30% below the "stated value." Was that the retail "stated value?" In any event, this entire thing stinks - your mom, at worst, should only be liable for the remaining payments, surrender charge and minimal (if any) reconditioning IMO.

Was it purchased at auction by a friend of someone connected to this situation/dealership? I'd be curious myself but, like I said, paranoia.....
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