A California man has sued BMW and BMW Financial Services after they blocked his sale of a 2019 X3 SUV whose lease to Toyota dealership expired.
In the lawsuit, Allen Ozeran claims that the Toyota Calver City dealership in California agreed to buy the Ozeran X3 after its lease expired in October. The SUV rental had a residual value of $ 27,000, but its market value climbed to $ 40,000 by October. Ozeran eventually agreed to a contract with Toyota to sell the X3 for $ 31,000.
BMW Financial Services did not agree to this, without giving instructions for payment to the Toyota dealer. He also sent a letter to Ozeran claiming that he could pay for the rest of the vehicle or sell it to a BMW dealership, adding that he would ‘not accept payments received from third-party outlets’.
On December 27, Ozeran filed a federal lawsuit against BMW seeking collective lawsuit status on behalf of anyone whose BMW lease ended after October 1, 2021. The lawsuit accuses BMW of meddling in a potential economic advantage and contractual relationship, misrepresentation, breach California’s Unfair Competition Act, showing a lack of goodwill and fair treatment, and unfair enrichment, reports Jutarnji.hr.
The lawsuit adds that BMW’s claim that state regulations stipulate that only the lessee or BMW dealer can acquire ownership of the vehicle is in fact incorrectly characterizing the lease agreement and state regulations. It is also alleged that BMW ‘participated in a deceptive and fraudulent practice of forcing renters to sell their vehicles to BMW at the end of their lease, in order to deprive renters of capital gains due to the price of the rented vehicles’.
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Source: AutoBlog by autoblog.rs.
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