Where does BMW finance charge for lease penalties?

323d · 01-24-2011, 02:47 PM

I returned my e90 today as my lease ended.. I thought they would do an inspection, but they didn't. I had 4k km's over the limit and a missing tool.

I'm wondering where will the payments be taken from? Will it be from my security deposit or will they take money off of my bank account where I made the monthly lease payment?

I'm a bit worried since I'm leaving for a few months and they told me it takes a few weeks to process the lease return? But from reading pass threads it seems people get results of total penalty payments right after their lease return?

teamadobo · 01-24-2011, 03:02 PM

I believe this is the reason why they need a security deposit. All charges will go there first. I don't think they will charge your bank account direct.

You will be sent a bill thru the mail.

TwinPowerF30 · 01-24-2011, 05:27 PM

Are you getting another BMW?

I got this in the mail today.

01-24-2011, 02:47 PM	#1
323d Major 52 Rep 1,436 Posts Drives: 335i E90 Join Date: Jan 2008 Location: YVR iTrader: (4)	Where does BMW finance charge for lease penalties? I returned my e90 today as my lease ended.. I thought they would do an inspection, but they didn't. I had 4k km's over the limit and a missing tool. I'm wondering where will the payments be taken from? Will it be from my security deposit or will they take money off of my bank account where I made the monthly lease payment? I'm a bit worried since I'm leaving for a few months and they told me it takes a few weeks to process the lease return? But from reading pass threads it seems people get results of total penalty payments right after their lease return? __________________ ZSP susp//18's 550i reps//blacklines/aftermarket grill//
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01-24-2011, 03:02 PM	#2
teamadobo Captain 43 Rep 608 Posts Drives: 328i Xdrive Join Date: Nov 2009 Location: Ontario Canada iTrader: (3)	I believe this is the reason why they need a security deposit. All charges will go there first. I don't think they will charge your bank account direct. You will be sent a bill thru the mail.
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01-24-2011, 05:27 PM	#3
TwinPowerF30 Captain 38 Rep 643 Posts Drives: 2008 335i Coupe Join Date: Apr 2005 Location: Vancouver, Canada iTrader: (0)	Are you getting another BMW? I got this in the mail today.
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