evnow
Well-known member
There were threads here where we discussed this.GroundLoop said:Is that really the case? Wouldn't insurance pay the lien-holder the value of the car? Then they would subtract the residual and give me the rest? Not really sure how this works, but I have heard before that paying off a lease early is "risky". I'd like to fully understand why.
It is not very clear - some say we will get back the money - others say, NMAC will ask for the book value and receive that from the insurance.
I've insured for "replacement value" - so that might cover it. You may want to check with the insurance company.