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Yes, it is possible to lease a vehicle from a private person, though it is less common than leasing from a dealership. This arrangement would typically involve a private agreement outlining the terms, such as the lease duration, payment structure, and maintenance responsibilities. It's crucial to ensure that both parties have a clear understanding and to consider legal documentation to protect both the lessor and lessee. Additionally, leasing from a private individual may not offer the same consumer protections as traditional dealership leases.
What else can I help you with?
Your ex cosigned car lease How do you remove her from lease without losing vehicle?
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.
Can a person cancel an auto insurance policy if the car is only a 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.
Is there a difference between a term business car lease and a commercial auto lease, or are they one and the same?
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.
Is it possible for me to sell my leased vehicle before the end of the lease term?
Yes, it is possible to sell a leased vehicle before the end of the lease term, but there are some factors to consider such as the buyout amount, early termination fees, and the agreement with the leasing company.
Can a car get towed from a private parking lot in a condo complex for expired tags?
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)
What is the definition of the term leases?
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.
As the co signer for a leased vehicle am i responible for damage to the vehicle when the lease agreement is up?
Unfortunately; yes you ARE responsible the exact same as if you were the PRIMARY person on the lease. Well sorry. k love yayahs
Is it possible for someone to be on a lease but not actually live at the property?
Yes, it is possible for someone to be on a lease for a property but not actually live there. This person may be a co-signer or guarantor on the lease, or they may have a legal or financial interest in the property without residing there.
What are the 2 types of vehicle leases?
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".
Obtaining a Lease Extension?
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.
Where can a wealthy person lease rather than buy private jets in NY?
This company leases private jets all over the country: http://www.privatejetgroup.com/
Is it possible for a person to lease a car with bad credit?
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.
