I recently leased a new C Class from a mercedes dealer in south florida. I was told that MB has a gap insurance and I don't have to purchase it from anywhere else. And in an event of total loss or theft I would only have to pay:
1. My deductible
2. Any amount due until that day.
This is also what it says on their website here https://www.mbfs.com/mbfsr/en/faqs/faqLeaseInsurance.do
However this is what's on my contract which worries me
"We agree to waive the gap amount, if you had the vehicle insurance required by this lease (which I do) at the time of total loss, in which case you will pay to us the sum of
a. All unpaid amounts that are due or past due under this lease
b. The amount of your insurance deductible
c. Any other amounts that were subtracted from the vehicle's actual cash value to determine the insurance proceeds we received for the total loss.
So now my question is:
1. Do I have to pay all of my unpaid amounts that are due including future payments remaining from my lease? Or is it just until when the total loss happened.
2. The clause C is worrying me and it sounds like I would have to pay the gap amount? What other amounts are they talking about that were subtracted if it's not gap?
Clause C is not included in their official website so I'm not sure if they included themselves or is it standard amongst all MB dealers