Want this question answered?
You can have another person cosign for that person. As long as your the primary you wont need her to get her off the lease.
As long as you have another policy in place. When you signed your lease you garanteed that the vehicle would be insurred. Uninsuring the vehicle would be in violation of the lease.
A car lease is an individuals person lease for their car. A commercial car lease is the lease for a commercial vehicle which are used for businesses.
it depends on the managment rules or policys. The correct answer is look at the lease you signed. That lease is a contract. WHAT DOES YOUR LEASE SAY ?????? (my answer rests on the assumption that you are a tenant and have a lease; if you are not a tenant, you do not have a lease, therefore you are parked on private property and have voluntarily (knowingly or not) subjected yourself and your vehicle to whatever rules or policies exist upon that property)
The definition of lease is to cover the property, services or land for a certain period of time, to another person. A lease on a vehicle, for example, can last 1-5 years, at which time the driver does not own the vehicle, but the company provides services for it, and at the end of the lease the vehicle is returned to the company.
Unfortunately; yes you ARE responsible the exact same as if you were the PRIMARY person on the lease. Well sorry. k love yayahs
If the repossession agent can get to the vehicle without breaking anything or causing a civil disturbance, he can take it. Private, public, or government property, or who signed the loan is irrelevent.
The two types of vehicle leases are closed-end and open-end leases. A closed-end lease is a rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "true lease", "walkaway lease" or "net lease". An open-end lease is a rental agreement that obliges the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "finance lease".
Thousands of people take out leases for vehicles each year. Of course, a lease can be taken out on other things, but vehicles are the most commonly leased item. A person gets to drive the vehicle for the amount of time set forth by the contract and must follow the other restrictions in the lease.What do most leases look like for vehicles?For the most part, leases for vehicles are set at terms of either 12 or 24 months. That means a person will be able to drive the vehicle for one to two years, but some leases can be much longer. Of course, the person who takes out the lease has to follow the guidelines set out by the leasing company. A driver might be restricted to driving 12,000 miles per year or less. Also, he or she might need to take the vehicle in for scheduled maintenance or face penalties. Most leases have provisions that set forth steep penalties for drivers that don't follow the lease completely. Fortunately, most drivers won't have any troubles following the terms of the contract.How does a person get a lease extension?Extending a lease isn't always possible, but some drivers will be able to get an extension with a little bit of persistence. Most companies don't want to extend leases because they want the vehicle to get sold after the lease is finished. For apartments and houses though, leases are regularly granted. Still, a person must file the proper paperwork when it comes to vehicles. That usually involves talking to the lease company. A fee might be required to increase the terms of the lease. Typically, the only thing that will change will be the duration because everything else will stay the same.Should a person extend their lease?In most cases, a person shouldn't extend their lease because it simply costs more money than buying the vehicle in the long run. Obtaining a vehicle lease extension isn't that easiest thing in the world and may not even be possible in some cases. It's always worth a try if a person wants to get a lease extension though.
This company leases private jets all over the country: http://www.privatejetgroup.com/
Yes, the estate can be required to return a leased vehicle according to the terms of the lease. If you read the fine print, it's there. Do you think that the vehicle should remain the property of the estate when it was only leased in the first place? That's the idea of a lease, the vehicle belongs to the leasing company and they let you use the vehicle for the terms of the lease. The terms of the lease are defined in the contract. If the estate of the deceased has been sued, I'm sure it is consistent with the terms of the contract.
While it is possible for a person to lease a car with bad credit, one must be aware of the trade offs. In general, one can expect higher interest rates, but improving credit scores can fix this.