The Vancouver riot was a disgraceful act that played out in an otherwise wonderful Canadian city. Violent rage filled the streets, and misguided idiots turned their furious attention to local property in the form of store fronts and automobiles. One particular automobile was a black BMW M5 belonging to Jazmin Perez, who fought hard to try and keep the masses away from her German super sedan. Unfortunately for Perez, the ruthless mob didn't relent and her expensive machine burnt to the ground. Her saga doesn't end there, however, because Jazmin Perez is now on the hook for thousands of dollars worth of damages.

The BMW M5 in question was leased to Perez, who had insurance to cover the market value of the car. With her car now torched and ruined, Perez now needs to pay the difference between the insurance payout (fair market value) and the remaining balance she owes on her lease. The total she owes is reportedly in the thousands of dollars. Her insurance company and the leasing company both say they understand this was not her fault, yet contracts are contracts and Perez is the one who signed on the dotted line.

We feel for Perez in this situation. Mostly because she now owes thousands on a car that was destroyed by idiots, but especially because that car was a BMW M5.

Head over to CBC News for video of Jazmin Perez discussing her situation.


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  • 104 Comments
      futuramautoblog
      • 3 Years Ago
      While I feel sorry for the situation she's in, unfortunately, not enough coverage is her own fault. She will have to press charges to those who've committed the crime... Bummer.
      Synthono
      • 3 Years Ago
      While she should have bought the gap coverage, I think that a number of rioters need to be rounded up and forced to pay for it. There are lots of pictures, I think some can be found. But that's just because I hate the rioters. Would say the same for every cent of damage in Vancouver. Caught smashing stuff on camera? Open your wallet and bend over.
      Simon
      • 3 Years Ago
      There is GAP insurance in Canada, it's called Replacement value insurance and it's $50 more a year. Had she had this on her policy she would have a fully paid for 2012 BMW 5 series in her driveway now... but she didn't have it so... too bad, so sad.
      Cheese
      • 3 Years Ago
      No wonder she was trying so hard to protect it.
      AMG THIS
      • 3 Years Ago
      Sounds like it was an open end lease through a loan shark company..which explains why some young chick had the M5 in the first place. The interest rate was likely in the 20+% range too.
      diffrunt
      • 3 Years Ago
      The fine print is small for a reason
      erikcantu
      • 3 Years Ago
      Sucks, but unless she can find the people who burnt the car, it's is on her to pay for the damages. Keeping a car on the street is never a safe place.
        Synthono
        • 3 Years Ago
        @erikcantu
        She was filmed trying to protect the car, wasn't she? It might be possible.
      Bruce Lee
      • 3 Years Ago
      Why didn't she get gap insurance? Does it not exist in Canada or something? Everyone who leases a car should be getting gap unless you feel like owing a bazillion dollars, this is why people always try to get 0 down leases too, since anything you put down is basically gone if something like this happens.
      Dean Hammond
      • 3 Years Ago
      Note to potential lesses out there, remember to check that the lease includes GAP insurance, most do not, I know it is free of charge on Ford Red Carpet leases, but they really are one of only a handful...I really feel for this young lady, this was not her fault.....
      blackbirdw68
      • 3 Years Ago
      it's called "GAP INSURANCE". In the states, I don't even think you CAN lease a car without this. I've leased from Honda and Nissan and both were automatically included...
        diablo000
        • 3 Years Ago
        @blackbirdw68
        True, you automatically receive GAP insurance on any and all leases in the U.S.
      dimcorner
      • 3 Years Ago
      Isn't there a gap coverage up there? If she declined it then it's just her bad choice and she should own up to her choice and bite the bullet. On the other hand if it's not even available then that's another story.
      Yeshua Lopez
      • 3 Years Ago
      when i leased a bimmer in 07 (in oregon) they REQUIRED GAP... so i guess bmw canada is more flexible?
        SloopJohnB
        • 3 Years Ago
        @Yeshua Lopez
        I doubt if gap was required in your case...it may well be that gap must be required to be OFFERED, but unusual to require it be taken.
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