What happens to your loan if your leased vehicle is involved in an accident and is a total loss? Previously, as the leasor of the vehicle, you would be entitled to keep any equity the vehicle may have when the total loss loan is paid to the lien holder. However, finance companies are now writing into their contracts that they get to keep any equity in the vehicle, leaving you without a car or a down payment to put into a new car. What do you think? Are these new practices fair?