YES. Read your contract. Does it call for you to maintain ins???
You are covered if you are a licensed driver regardless what they say. A leased vehicle is owned by the leasing agency not by the person who is leasing it. The terms of the contract will designate who may or may not drive the vehicle and nothing else applies.
A company owns a truck that is used to move semi-trailers and this company is self insured has leased a driver from another company and the driver has an accident on the truck owners property that involves only the truck who would be responsible for the damages. The company who owns the truck and their insurance or the company who leased the driver ?
The extra driver needs to be added onto the insurance policy. Having someone drive a vehicle and not having them on the policy can be a large problem if an accident were to happen.
You will have to pay any balance due after the car is sold and then it ruins your credit.
No They Cannot.
why not.
All you do is call a dealer that sell that make. If not leased by the manufactuer call the leasing company for instructions
When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company. You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate. Check on the local regulations and restrictions on the auto auctions in your area.
no
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
no
Purchase a Car Fax report.