I just recently learned that when a leased vehicle is returned it often goes straight to manhiem auction.The difference between the auction sales price and the lease buyout or balloon to the consumer is payed to the lease comp. by an insurane agency.My question to those in the car biz is;How do the ins. co get payed.Where do the ins. rates for this coverage come from,and how are those rates determined?If the difference is 3-4k that has to be paid to the lease comp there must be pretty high rates to keep the ins. comp in business.What percentage of my monthly payment was for the insurance that the lease comp gets top dollor on returns?
Autos coming off lease
- Thread starter docjohn
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